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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
Buy OptimismHappening now
AI generated 9h ago
OP has declined <strong>↘38%</strong> this week amid broader Layer2 weakness, though a <strong>↗54%</strong> surge in trading volume raises questions about whether increased activity could signal stabilization.
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9.43%
447
11.75%
168
12%
963
$847.07M
-0.7%
$2.05B
1.8B OP
4.3B OP
4.3B OP
$2.04B
#79
0.02%
$352.62M
19.13%
$2.41B
$7.64B
$4.86
-72.06%
OP vs markets
↘ 84.41%
OP vs BTC
↘ 84.01%
OP vs ETH
↘ 82.48%
Tags
layer-2
made-in-america
binance-listing
Network | Address | |
---|---|---|
Optimism | 0x4200000000000000000000000000000000000042 |
Time | Price | Change |
---|---|---|
Today | $0.48 | ↗ 1.47% |
1 Day | $0.48 | ↗ 1.47% |
1 Week | $0.71 | ↘ 31.33% |
1 Month | $0.78 | ↘ 37.52% |
1 Year | $1.73 | ↘ 72.06% |
AI generated 9h ago
OP has declined
↘38%
this week amid broader Layer2 weakness, though a
↗54%
surge in trading volume raises questions about whether increased activity could signal stabilization.
Sharp price declines continue
OP has dropped
↘38%
over the past week and
↘43%
this month, with the token now trading
↘91%
below its all-time high.
Trading activity surges
Daily trading volume jumped
↗54%
in the last 24 hours, indicating increased trader participation despite the recent price weakness.
Underperforming other Layer2 tokens
OP is lagging behind competitors in its category, with ARB leading Layer2 returns today while OP trails, and the broader Layer2 category declining
↘24%
this week.
The latest OP price is $0.48. Compared to Optimism's value of $0.48 from 24 hours ago, there's been a 1% increase, while the current price is -31% down from $0.71 which was recorded one week ago. Optimism's all time high is $4.86, which was reached on March 6, 2024. This is a -90% change from its price today.
The current circulating supply of Optimism is 1,778,634,390. This is 41% of its max supply of 4,294,967,296 OP and 41% of its total supply of 4,294,967,296. The market cap is currently $847.07M, which is a result of multiplying the current price of Optimism($0.48) by the total supply(4,294,967,296 OP). The fully diluted valuation of Optimism is $2.05B. The diluted valuation of Optimism is $2.05B.
Optimism had 447 buyers, 168 sellers and total 580 trades in the last 24h. Optimism was searched 963 times in the last 24h.
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.
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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.
Trending articles
Popularity in posts
#259
Contributors
521
Posts
795
% About Optimism
0.085%
Hold times
0 days
X (Twitter)
66.79% bullish
Sentiment
4.6 ★
Highlights
521 unique individuals are talking about Optimism and it is ranked #259 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 0 news articles published about Optimism.
On Twitter, people are mostly bullish about Optimism. There were 68.79% of tweets with bullish sentiment compared to 3% of tweets with a bearish sentiment about Optimism. 31.21% of tweets were neutral about Optimism. These sentiments are based on 1397 tweets.
On Reddit, Optimism was mentioned in 1 Reddit posts and there were 0 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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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.