About Optimism
Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more
Buy Optimism
Trading Insights
Buyer Ratio
Traders
315
21.15%
Buyers
187
12.65%
Sellers
147
42.72%
Searched
466
Market Stats
Market Cap
£1.03B
-3.54%
FDV
£2.49B
Circ. Supply
1.8B OP
Max Supply
4.3B OP
Total Supply
4.3B OP
Diluted Valuation
£2.49B
Performance
Popularity
#68
Dominance
0.04%
Volume (24H)
£92.64M
5.58%
Volume (7D)
£1.20B
Volume (30D)
£2.42B
All time high
£3.61
Price Change (1Y)
-53.79%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The current price is £0.58 per OP with a 24-hour trading volume of £92.64M. Currently, Optimism is valued at 83.93% below its all time high of £3.61. This all-time high was the highest price paid for Optimism since its launch.
The current circulating supply of Optimism is 1,778,634,390 OP which means that Optimism has as total market cap of £1,030,388,663.43.
Market details
OP vs markets
↘ 75.01%
OP vs BTC
↘ 74.52%
OP vs ETH
↘ 73.22%
Tags
layer-2
made-in-america
binance-listing
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x4200000000000000000000000000000000000042 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.58 | ↘ 3.34% |
1 Day | £0.60 | ↘ 3.34% |
1 Week | £0.58 | ↘ 0.70% |
1 Month | £0.53 | ↗ 9.46% |
1 Year | £1.27 | ↘ 53.79% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Optimism (OP) is a layer-2 blockchain that operates on top of Ethereum, aiming to scale the Ethereum ecosystem by using optimistic rollups. This means transactions are recorded on Optimism but ultimatley settled on Ethereum, benefiting from Ethereums consensus mechanism. The Optimism Foundation, a nonprofit organization, leads Optimism with the goal of growing the Optimism ecosystem. The foundation is funded by donations and grants and strives to produce infrastructure that promotes the growth and sustainability of public goods.
Optimism operates with a focus on simplicity, pragmatism, and sustainability. It aims to keep its code as simple as possible, using proven Ethereum code and infrastructure when possible. The ecosystem is driven by the real-world needs and constraints of its team and users, aiming to build iteratively and implement features gradually. Optimism uses optimistic rollups and leverages the consensus mechanism of Ethereum to scale the network. Blocks are constructed and executed on Optimism (L2), while user transactions are batched up and submitted to Ethereum (L1). Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time. After this period, a transaction is considered final.
Optimism's potential use cases involve enhancing Ethereum's scalability and efficiency. This includes supporting faster and more cost-effective transactions (compared to transacting directly on an L1) for Decentralized Finance (DeFi) platforms, enabling minting of Non-Fungible Tokens (NFTs), and providing infrastructure for Decentralized Autonomous Organizations (DAOs). It also caters to a better user experience in blockchain-based gaming and various decentralized applications (DApps), making these platforms more accessible and user-friendly. Optimism thus plays a crucial role in expanding the practicality and reach of Ethereum's blockchain technology.
Optimism is led by the Optimism Foundation, which is dedicated to growing the Optimism ecosystem. The foundation is completely funded by donations and grants and pledges to produce infrastructure that promotes the growth and sustainability of public goods. The foundation has set several milestones for the development of Optimism, including the introduction of Optimistic Rollup, the launch of the EVM Compatible Testnet, and the opening of the Mainnet. The foundation is working on decentralizing the sequencer and implementing next-generation fault proofing. The initial token supply of Optimism was 4,294,967,296 OP tokens, with a token generation rate of 2% per year.
We update our Optimism to GBP currency in real-time. Get the live price of Optimism on Coinbase.
The current market cap of Optimism is £1.03B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Optimism is £3.61. This all-time high is highest price paid for Optimism since it was launched.
Over the last 24 hours, the trading volume of Optimism is £92.64M.
Assets that have a similar market cap to Optimism include GateToken, XDC Network, PayPal USD, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Optimism is 1.8 billion.
Optimism ranks 107 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 95% of Coinbase users are buying Optimism. In other words, 95% of Coinbase customers have increased their net position in Optimism over the past 24 hours through trading.
Yes, Optimism is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Optimism guide.
Optimism news
Trending articles
Social stats
Popularity in posts
#222
Contributors
1,060
Posts
1,891
% About Optimism
0.113%
Articles
1
Hold times
0 days
X (Twitter)
37.4% bullish
Sentiment
4.6 ★
Highlights
1,060 unique individuals are talking about Optimism and it is ranked #222 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Optimism has an average sentiment score of 91 out of 5. Finally, Optimism is becoming less newsworthy, with 1 news articles published about Optimism.
On Twitter, people are mostly neutral about Optimism. There were 40.13% of tweets with bullish sentiment compared to 7.3% of tweets with a bearish sentiment about Optimism. 59.87% of tweets were neutral about Optimism. These sentiments are based on 1855 tweets.
On Reddit, Optimism was mentioned in 7 Reddit posts and there were 4 comments about Optimism. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.