Optimism price

in USD
$0.4513
-- (--)
USD
Last updated on --.
Market cap
$857.06M #37
Circulating supply
1.9B / 4.29B
All-time high
$4.863
24h volume
$91.43M
Rating
3.4 / 5
OPOP
USDUSD

About Optimism

Optimism (ticker: OP) is a cryptocurrency that powers the Optimism ecosystem, a layer-2 scaling solution for Ethereum. Designed to improve Ethereum's speed and reduce transaction costs, Optimism uses advanced rollup technology to bundle multiple transactions into a single batch, making the blockchain more efficient and affordable for users. The OP token plays a key role in governance, enabling holders to vote on decisions that shape the platform’s future. It is also used to incentivize developers and projects building on Optimism, fostering innovation within its ecosystem. With its focus on scalability and community-driven growth, OP helps make decentralized applications (dApps) more accessible and Ethereum more powerful for everyday users.
AI insights
Layer 2
Official website
Github
Block explorer
CertiK
Last audit: --

Optimism’s price performance

Past year
-70.83%
$1.55
3 months
-35.33%
$0.70
30 days
-32.04%
$0.66
7 days
-2.43%
$0.46
51%
Buying
Updated hourly.
More people are buying OP than selling on OKX

Optimism on socials

Altcoin Buzz
Altcoin Buzz
$ETH LEADS THE TOP INFLOWS IN THE LAST 24HRS WITH $406M 🚨
더 쓰니 | THE SSUNI Ⓜ️Ⓜ️T
더 쓰니 | THE SSUNI Ⓜ️Ⓜ️T
The real evolution of the next-generation exchange: @grvt_io, @OrderlyNetwork, @infinex The era of trading is changing now. It must be fast, secure, and convenient. The protagonists aiming to achieve all three are GRVT, Orderly Network, and Infinex. Each platform is tackling market issues head-on like different superheroes, each with their unique abilities. GRVT is the king of "speed," Orderly is the orchestrator of "liquidity," and Infinex is the innovator of "user experience." First, let's take a look at GRVT. This platform uses a zkSync-based hybrid Validium structure to process 600,000 transactions per second on its off-chain order book (CLOB). Just looking at the numbers is impressive. Transaction delays are under 2 milliseconds, and settlements are completed within about 1 to 2 hours. All data is stored off-chain but is perfectly verified through zero-knowledge proofs. Asset security is also thorough. Keys are stored in a distributed manner through an MPC (Multi-Party Computation) wallet created in collaboration with Dfns, and in emergencies, a data availability committee supports recovery. It is truly a 'fast yet reliable' structure. On the other hand, Orderly Network is the 'master of liquidity.' It has implemented a bridge-less model that allows messages to pass without asset movement between chains, combining OP Stack and Celestia. As a result, users can utilize various networks like Arbitrum, Optimism, Base, Polygon, and Avalanche as a single market. With a recent upgrade, it achieved an astonishing processing speed of 6.7 mega gas per second, and the cumulative trading volume has exceeded $80 billion. Several security audit firms (Halborn, Zellic, Guardian, etc.) have verified it, and all issues have been resolved. Aiming for liquidity that is 'as deep as CEX and as transparent as DEX,' Orderly is establishing itself as a hub for DeFi. Infinex stands out particularly in the realm of 'user experience.' This platform offers a smooth and fast UX like a centralized exchange but is actually completely non-custodial. Users can log in within 2 seconds using biometric or hardware keys and complete transactions within 1 second. The account structure is also unique. It consists of three stages: Origin Key, Sudo Key, and Operations Key, eliminating hacking concerns through Turnkey's distributed encryption. Additionally, users do not pay gas fees directly. Thanks to 'gas abstraction,' which the protocol handles instead. This allows even beginners to easily enter DeFi. In terms of security, all three are formidable. GRVT has undergone thorough audits by Spearbit DAO and NCC Group, while Orderly has fixed all vulnerabilities through an in-depth audit by Guardian. Infinex has also passed audits from iosiro and Macro and operates a bug bounty program of up to $250,000. Each platform is designed to prevent asset theft, and the recovery procedures are systematic. GRVT blocks illegal withdrawals with validity proofs, Orderly stabilizes the market with a fair liquidation engine, and Infinex allows asset recovery through registered recovery addresses in case of account loss. In terms of regulatory compliance, each has a distinct strategy. GRVT has partnered with ComplyCube to implement rapid KYC and AML procedures and holds a Class M license from Bermuda. Orderly follows AML policies but has no separate KYC procedures. Infinex operates under a 'non-custodial' model, minimizing legal risks while only imposing basic age and regional restrictions. In summary, GRVT is "a high-speed engine trusted by institutions," Orderly is "a liquidity hub that unites all chains," and Infinex is "a decentralized exchange that anyone can easily use." Although the three platforms are on different paths, the future they are creating is the same: a world of faster, safer, and more flexible trading. The next chapter of DeFi has already begun, and the protagonists are these three.
Mike Zaccardi, CFA, CMT 🍖
Mike Zaccardi, CFA, CMT 🍖
$QQQ $IWF +0.7% $RSP $MDY -0.6% $GDX up with $GLD down.. gold trying to turn the corner after -10% on $GLD and -20% on $GDX?

Guides

Find out how to buy Optimism
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Optimism’s prices
How much will Optimism be worth over the next few years? Check out the community's thoughts and make your predictions.
View Optimism’s price history
Track your Optimism’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Own Optimism in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

Diversify your portfolio with USDC/SGD and USDT/SGD trading pairs

Optimism FAQ

Optimism, also known as Optimistic Ethereum (OE), is a Layer 2 scaling solution for Ethereum that aims to increase transaction throughput and reduce fees without sacrificing security and decentralization.

Optimism improves Ethereum’s scalability through the use of optimistic rollups. These rollups are a Layer 2 solution that perform most computation off-chain while keeping the same level of security as the main Ethereum network.

Easily buy OP tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include OP/USDT and OP/USDC.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for OP with zero fees and no price slippage by using OKX Convert.

Currently, one Optimism is worth $0.4513. For answers and insight into Optimism's price action, you're in the right place. Explore the latest Optimism charts and trade responsibly with OKX.
Cryptocurrencies, such as Optimism, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Optimism have been created as well.
Check out our Optimism price prediction page to forecast future prices and determine your price targets.

Dive deeper into Optimism

To tackle scalability issues and high transaction costs on the Ethereum network, Optimism has emerged as a compelling Layer 2 solution. Functioning as an off-chain network layered on top of Ethereum, Optimism extends the capabilities of the blockchain. Fueled by its native token OP, the platform aims to alleviate Ethereum's challenges and enhance its performance.

What is Optimism

Optimism (OP), also known as Optimistic Ethereum (OE), is a Layer 2 solution built to address the scalability issues of the Ethereum network. At its core, Optimism utilizes a technology known as optimistic rollups. This technology bundles, or rolls up, multiple transactions into a single transaction, significantly improving the speed and cost of transactions. As Optimism is built on top of Ethereum’s architecture, developers and users can make use of the speedy and low-cost transactions whilst having the security of the Ethereum blockchain. 

The Optimism team

The Optimism team comprises a group of dedicated blockchain experts, including Jaynti Kanani, Jinglan Wang, Ilya Polosukhin, Ben Jones, Paul Hauner, and Matteo Rizzi.

How does Optimism work

When a user initiates a transaction, it's executed on the Optimism network rather than directly on the Ethereum mainnet. Throughout this process, Optimism maintains communication with Ethereum's Layer 1 and leaves the original network unchanged. This is achieved through optimistic rollups, which consolidate multiple transactions into a single batch submitted to Ethereum. 

By adopting this approach, the computational burden on the Ethereum mainnet is lessened, resulting in faster transaction speeds and lower gas fees. Ultimately, Optimism plays a pivotal role in alleviating strain on the Ethereum network, consequently reducing congestion and associated high fees.

Optimism’s native token: OP

OP is the token of the Optimism ecosystem, crucial in securing and powering the Optimism network. The token also serves as incentivizes and rewards for validators who correctly process and confirm transactions. Validators are able to stake OP tokens as collateral, which can be confiscated if they act maliciously.

OP tokenomics

There is a maximum supply of 4,294,967,296 OP tokens. The supply of OP tokens is carefully controlled and released into the market via strategic allocation methods such as staking rewards, developer incentives, and ecosystem grants. This approach ensures a balanced and sustainable distribution of tokens, maintaining the long-term stability and health of the Optimism ecosystem.

OP use cases

The primary purpose of the OP token is governance. This encompasses various essential functions, including allowing token holders to cast votes pertaining to proposed updates to the protocol as well as distribution of incentives for projects through the Governance Fund. Additionally, it facilitates the funding of projects hosted on the Optimism platform. OP holders are also allowed to engage in project management alongside other OP Citizens.

Distribution of OP

OP’s distribution is as follows:

  • 25 percent: Ecosystem fund
  • 20 percent: Retroactive Public Goods Spending (RetroPGF), an experimental spending mechanism designed to align with OP's objective of equating impact with profit.
  • 19 percent: Airdropped to the community
  • 19 percent: Awarded to core contributors
  • 17 percent: Given to investors

Optimism: The road ahead

On the project's horizon is the launch of a public mainnet, marking a significant milestone that will elevate Optimism's capabilities. Looking ahead, Optimism aims to become the leading Layer 2 scaling solution for Ethereum. The project envisions a future where Ethereum's transaction processing capabilities skyrocket to millions per second while upholding its foundational principles of security and decentralization.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$857.06M #37
Circulating supply
1.9B / 4.29B
All-time high
$4.863
24h volume
$91.43M
Rating
3.4 / 5
OPOP
USDUSD
Get verified in a tap with Singpass