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About OP

Optimism (OP) is a cryptocurrency launched in 2022. OP has a current supply of 4.29Bn with 1.12Bn in circulation. The last known price of OP is 1.68 USD and is -0.028105301209 over the last 24 hours. It is currently trading on active market(s) with $161.41M traded over the last 24 hours. More information can be found at https://www.optimism.io/.

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OP Price Statistics
OP’s Price Today
24h Price Change
-$0.0281053012091.64%
24h Volume
$161.41M18.08%
24h Low / 24h High
$1.44 / $1.54
Volume / Market Cap
0.085585471718
Market Dominance
0.09%
Market Rank
#57
OP Market Cap
Market Cap
$1.89Bn
Fully Diluted Market Cap
$7.22Bn
OP Price History
7d Low / 7d High
$1.16 / $1.60
All-Time High
$4.57Jun 01, 2022
All-Time Low
$0.40050769Jun 19, 2022
OP Supply
Circulating Supply
1.12Bn
Total Supply
4.29Bn
Max Supply
4.29Bn
Updated Jul 13, 2024 11:55 pm
image
OP
Optimism
$1.68
$0.028105301209(-1.64%)
Mkt Cap $1.89Bn
There's nothing here for now
Planet Morning News
Planet Morning News
1. Forbes announced the 2024 Global Billionaires List. The total wealth of the 17 people on the list in the encryption industry reached US$93 billion; 2. ProShares launches two new Bitcoin ETFs: BITU and SBIT; 3. Agora, a stablecoin issuing company, completed a US$12 million seed round of financing, led by Dragonfly; 4. Blast has been launched on Uniswap, and v2 LP can obtain native income; 5. Parcl: Season 3 has ended, and the initial snapshot for the Points Trilogy has been completed; 6. CoinList Seed Spring 2024 Batch was released, and 11 projects including Aarc and BAXUS were selected; 7. Tensor: Season 3 has ended, and the TNSR token economics and governance documents will be released next week; 8. OpenSea: Supports the use of ERC721-C to execute and set creator income; 9. Paradigm is raising $750 million in new funds; 10. The U.S. government is transferring more than 30,000 BTC confiscated from Silk Road, and 2,000 BTC has been transferred to the Coinbase Prime wallet; 11. IoTeX ecosystem completed US$50 million in financing, with participation from Borderless Capital, Amber Group and others; 12. Robinhood will launch OP; 13. Fed Daley: Cutting interest rates three times this year is a reasonable baseline scenario, but this is a prediction rather than a promise; 14. BTC and ETH options with a notional value of over $1.9 billion will expire for delivery on Friday; 15. About US$24 million in stSOL could not be raised due to a code bug in Lido’s SOL pledge agreement; 16. Wormhole release roadmap: W will become a native multi-chain token and introduce a multi-chain governance system; 17. Andrew Kang: Still expecting decent returns from altcoins, but mainly limited to Meme coins; 18. Goldman Sachs executive: Doesn’t consider cryptocurrencies an investment asset class.
Apr 03, 2024 9:41 am

Frequently Asked Questions

  • What Is Optimism (OP)?

    Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

    Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

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  • Who Are the Founders of Optimism?

    Optimism is led by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism ecosystem. Similar to Ethereum, Optimism aims to become a fully decentralized public good that is not profit-oriented. Optimism is completely funded by donations and grants, and pledges to produce infrastructure that promotes the growth and sustainability of public goods.

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  • What Makes Optimism Unique?

    Optimism is designed around four core tenets:

    • Simplicity
    • Pragmatism
    • Sustainability
    • Optimism

    Optimism aims for the minimum number of moving parts while building a layer-two solution for Ethereum. In practice, this means using proven Ethereum code and infrastructure when possible. Optimism thus aims to keep its code as simple as possible and work directly with existing codebases.

    The ecosystem further emphasizes pragmatism and is driven by the real-world needs and constraints of its own team and the users engaging with the ecosystem. Hence, Optimism aims to build iteratively and implement features like EVM equivalence gradually.

    Optimism's design process is built around the idea of long-term sustainability and not taking shortcuts to scalability. That is why it uses optimistic rollups and takes advantage of the consensus mechanism of Ethereum to scale the network. Blocks are constructed and executed on the L2 (Optimism), while user transactions are batched up and submitted to the L1 (Ethereum). The L2 has no mempool, and transactions are immediately accepted or rejected. This guarantees a smooth user experience while ensuring security through the Ethereum consensus mechanism.

    Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time (currently seven days). After that, a transaction is considered final. That is why withdrawals from Optimism to Ethereum take seven days to complete.

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  • How Many Optimism (OP) Coins Are There in Circulation?

    Optimism aims to create an ecosystem, where value is generated for its three constituencies:

    • Token holders receive value 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.

    In short, demand for OP block space generates revenue, which is distributed to public goods, which drives more demand for blockspace. That is why Optimism's token allocation looks as follows:

    • Ecosystem fund (25%): split between the governance fund (5.4%), the partner fund (5.4%), the seed fund (5.4%), and unallocated (8.8%).
    • Retroactive Public Goods Funding (20%)
    • User airdrops (19%): split into a first airdrop of 5% and subsequent airdrops yet to be announced.
    • Core contributors (19%): people who help bring the Optimism Collective from concept to reality
    • Investors (17%)

    The initial token supply is 4,294,967,296 OP tokens, at an inflation rate of 2% a year. In Year 1, 30% of the initial token supply will be made available to the Foundation for distribution. After the first year, token holders will vote to determine the Foundation's annual OP distribution budget. The Foundation expects to seek the following annual allocations:

    • Year 2: 15% of the initial token supply
    • Year 3: 10% of the initial token supply
    • Year 4: 4% of the initial token supply
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  • How Is the Optimism Network Secured?

    Optimism utilizes optimistic rollups. Optimistic Rollups (ORs) can trustlessly record transactions on the second-layer blockchain and broadcast periodic merkle roots of the transactions to the first-layer blockchain. External validators verify these merkle roots, which delays withdrawing funds from layer-twos running on optimistic rollups (usually by one week).

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  • Where Can You Buy Optimism (OP)?

    OP is available on Binance, Huobi, KuCoin, Gate.io, Bybit and Coinbase.

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  • What is the all-time high price of Optimism (OP)?

    The all-time high of OP was 4.57 USD on 2022-06-01, from which the coin is now down 63.23851203501095%. The all-time high price of Optimism (OP) is 4.57. The current price of OP is down 63.23851203501095% from its all-time high.

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  • How much Optimism (OP) is there in circulation?

    As of , there is currently 1.12Bn OP in circulation. OP has a maximum supply of 4.29Bn.

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  • What is the market cap of Optimism (OP)?

    The current market cap of OP is 1.89Bn. It is calculated by multiplying the current supply of OP by its real-time market price of 1.68.

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  • What is the all-time low price of Optimism (OP)?

    The all-time low of OP was 0.40050769 , from which the coin is now up 319.467601233824%. The all-time low price of Optimism (OP) is 0.40050769. The current price of OP is up 319.467601233824% from its all-time low.

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  • Is Optimism (OP) a good investment?

    Optimism (OP) has a market capitalization of $1.89Bn and is ranked #57 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Optimism (OP) price trends and patterns to find the best time to purchase OP.

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