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How to Buy Optimism
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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
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Buyer Ratio
Traders
321
-35.67%
Buyers
230
-38.5%
Sellers
104
-25.71%
Searched
430
Market Stats
Market Cap
S$1.39B
4.8%
FDV
S$3.47B
Circ. Supply
1.7B OP
Max Supply
4.3B OP
Total Supply
4.3B OP
Diluted Valuation
S$3.47B
Performance
Popularity
#66
Dominance
0.03%
Volume (24H)
S$188.85M
-36.39%
Volume (7D)
S$1.38B
Volume (30D)
S$6.88B
All time high
S$6.26
Price Change (1Y)
-71.08%
The latest OP price is S$0.81. Compared to Optimism's value of S$0.77 from 24 hours ago, there's been a 5% increase, while the current price is -3% down from S$0.83 which was recorded one week ago. Optimism's all time high is S$6.26, which was reached on March 6, 2024. This is a -87% change from its price today.
The current circulating supply of Optimism is 1,714,909,778. This is 40% of its max supply of 4,294,967,296 OP and 40% of its total supply of 4,294,967,296. The market cap is currently S$1.39B, which is a result of multiplying the current price of Optimism(S$0.81) by the total supply(4,294,967,296 OP). The fully diluted valuation of Optimism is S$3.47B. The diluted valuation of Optimism is S$3.47B.
OP vs markets
↘ 77.47%
OP vs BTC
↘ 81.01%
OP vs ETH
↘ 57.63%
Tags
layer-2
made-in-america
Network | Address | |
---|---|---|
Optimism | 0x4200000000000000000000000000000000000042 |
Time | Price | Change |
---|---|---|
Today | S$0.81 | ↗ 5.47% |
1 Day | S$0.77 | ↗ 5.47% |
1 Week | S$0.83 | ↘ 2.56% |
1 Month | S$0.76 | ↗ 6.00% |
1 Year | S$2.93 | ↘ 71.08% |
Optimism (OP) is a layer-two 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 ultimately secured on Ethereum, benefiting from Ethereum's security. Optimism is home to numerous protocols and has a total value locked (TVL), making it a notable scaling solution for Ethereum. 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 aims to create an ecosystem where value is generated for its three constituencies: token holders, contributors and builders, and users and community members. Token holders are compensated through the productive re-deployment of sequencer revenue. Contributors and builders receive value from retroactive public goods funding. Users and community members receive value from ongoing airdrops and project incentives. The demand for OP block space generates revenue, which is distributed to public goods, driving more demand for block space. This makes Optimism a potential platform for various decentralized applications and protocols.
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 SGD currency in real-time. Get the live price of Optimism on Coinbase.
The current market cap of Optimism is S$1.39B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Optimism is S$6.26. 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 S$188.85M.
Assets that have a similar market cap to Optimism include Fantom, Sonic, Four, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Optimism is 1.7 billion.
Optimism ranks 110 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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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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.