Optimism price

in USD
$0.6714
-$0.0169 (-2.46%)
USD
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Market cap
$1.19B #53
Circulating supply
1.78B / 4.29B
All-time high
$4.863
24h volume
$191.97M
3.4 / 5

About Optimism

Optimism ($OP) is a cryptocurrency that powers the Optimism ecosystem, a Layer 2 scaling solution for Ethereum. Designed to make Ethereum faster and more affordable, Optimism uses advanced technology called optimistic rollups to process transactions off-chain while maintaining security through Ethereum's mainnet. This approach significantly reduces fees and increases transaction speed, making it ideal for decentralized applications (dApps) and users seeking cost-effective blockchain solutions. $OP is the native token of the Optimism network, used for governance, incentivizing ecosystem growth, and paying transaction fees. By supporting Ethereum's scalability, Optimism plays a crucial role in expanding blockchain accessibility and adoption.
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Optimism’s price performance

Past year
-52.19%
$1.40
3 months
-1.15%
$0.68
30 days
+6.84%
$0.63
7 days
-7.17%
$0.72
Optimism’s biggest 24-hour price drop was on Jun 1, 2022, (UTC+8), when it fell by $1.990 (-83.26%). In Dec 2023, Optimism experienced its biggest drop over a month, falling by $2.556 (-61.07%). Optimism’s biggest drop over a year was by $3.803 (-78.21%) in 2024.
Optimism’s all-time low was $0.3953 (+69.84%) on Jun 19, 2022, (UTC+8). Its all-time high was $4.863 (-86.20%) on Mar 6, 2024, (UTC+8). Optimism’s circulating supply is 1,778,634,390 OP, which represents 41.41% of its maximum circulating supply of 4,294,967,296 OP.

Optimism on socials

Followin 华语 - 热点风向标🫡
Followin 华语 - 热点风向标🫡
🚨 A collection of Crypto explosive information from last night, 1 point to get market focus! 1⃣ #BTC The low rebounded nearly 2000U, and the quote of 109000 is close to the EMA120-day line. #ETH It has fallen for 2 consecutive weeks, slightly above the EMA 30-day line. #SOL quoted 197U, which is the strongest in comparison. 2⃣ #WLFI Are you making money? Binance quoted 0.24U, corresponding to a market value of 24 billion, ranking 15th, slightly higher than #LINK. Binance contract rates rose to 0.005%, and funds were bullish. 3⃣ Can't bring it at all! The trend of some WLFI related tokens generally fell: #DOLO, down more than 35%; #B, down slightly by 5%; #LINK fell slightly by 3%; #bonk, down 9%. 4⃣ Nothing #LINEA market cap is not low! The current pre-market contract price is 0.041U, which means that the FDV is about 3 billion. Lower than ARB and OKB, and slightly higher than OP, POL, SEI. 5⃣ Binance BTC liquidation map data shows that chips are stacked at 106,500 below and 110,700 above. The ETH exchange liquidation map shows that chips are stacked at 4200 below and 4550 above. 6⃣Justin Sun really knows how to make money! 600 million WLFIs worth $178 million have been claimed, and they hold a total of 3 billion WLFIs worth $891.2 million, and this claim is only 20% of the first batch unlocked. 7⃣ The ATM in the currency circle lives up to its name! The Wall Street Journal revealed that the Trump family amassed $5 billion in book wealth after the issuance of WLFI. 8⃣ Gold was invincible, quoting a record high of $3,480 an ounce. This may be driven by expectations of interest rate cuts and geopolitical tensions. 9⃣AI analyzes market trends: - BTC fluctuates in the short term, the long-short game is fierce, focusing on the $108,000-111,500 range for tentative positioning, with obvious capital outflows and large divergences between the main long and short. -- ETH long and short confrontation, whale high leverage long and short positions are intertwined, short-term bottoming is unclear, and funds flow from BTC to ETH and WLFI; ——The overall market is cautious and wait-and-see, with a clear short-term fast in and out rhythm, and be wary of the risk of pulling up overdrafts and pullbacks.
安兹大人
安兹大人
There are many useful products in web3, but due to market audience limitations or usage habits, it has remained a relatively niche market. Jasper Vault is one of them. Jasper Vault is a multi-chain peer-to-peer options protocol that aims to bring the web2 financial derivative of options, which is exclusive to smart people, into web3, and attempts to allow 90% of people to access or understand options with zero barriers. Unfortunately, people in web3 are heavily influenced by contracts; basically, 99.99% of people in the crypto space have some exposure to or knowledge of contracts, but they don't really understand the business of crypto options. Let's take a look at Jasper Vault from a product perspective. 1⃣ Account abstraction: Jasper Vault provides a one-click trading account and subsidizes interaction gas fees. 2⃣ Multi-chain: Arbitrum/Base/Bitlayer are already supported, and it seems they are recently deploying Sei-EVM. If possible, I hope to achieve full-chain deployment, such as OP, Sui, Aptos, etc., and even consider chain abstraction, allowing orders to be settled directly regardless of the chain. 3⃣ Comprehensive product line: • Degen / 0DTE (simplified options) ↕️ An entry-level options experience for beginners; you don't need to know what kind of option you bought, you just need to know that you bought a call at this moment, and if BTC's price is higher than it is now in 30 minutes, you make money; if it's lower, you lose the premium of this order. • Jasper Pro (advanced options) 📊 Advanced tools for professional traders, with both call and put options + straddles available, supporting leverage up to 500x, OTM options, and the first physical delivery feature across all chains (to be honest, I don't quite understand physical delivery; it's a bit too professional). What’s the difference between options and contracts? Contracts can encounter liquidation and negative balances in extreme cases, potentially leading to losses, while options only have profit or no profit. It's similar to buying a long-dated option in the US stock market, spending a small amount to potentially win a large amount. However, unlike traditional options, which have fixed exercise and delivery times, Jasper Vault offers innovative European-style options that can be exercised at any time. Jasper Vault uses the @BlockScholes model to support options pricing. Compared to other platforms, Jasper Vault has a strong implied volatility, which is one of the most important factors in options trading (another important factor is direction; everyone understands the consequences of getting the direction wrong). However, in the early stages of cryptocurrency, major CEXs have launched their own contract products, and the derivatives market is basically occupied by contracts, accounting for over 90%. Options products in the crypto space are, on the contrary, a delicacy for large institutions. Can Jasper Vault's options make money? Yes, but it's not that easy; it requires skill. Since I only play with simplified options and entry-level advanced options, I'll use my experience as an example. The timing of opening positions is very important. Seize the time points when core assets like BTC/ETH have significant volatility, such as US stock market openings, Federal Reserve meetings, non-farm payroll data, and the frequent overnight surges and drops in the crypto space, as well as major news stimuli like presidential elections. Recently, the WLFI cap has been reached, and soon Linea XPL will also be launched, which will undoubtedly suck liquidity from other coins. Find a good time to open some bearish options, and it will be delightful. The direction of opening positions is very important. Before these data come out, you can gather some information in advance to judge whether it's bullish or bearish before opening a position. If you really feel uncertain, just open straddles; as long as the volatility is large enough, straddles can also make money. During the previous Trump election, I placed quite a few long positions, and on one of them, I made over 300U from a 15U premium. Crypto options are inherently a niche market, and Jasper Vault operates very professionally in this industry. I look forward to the day when it can drive the entire crypto options sector's development like HyperLiquid did for Perp DEX.
Ni 🧩 $BARD
Ni 🧩 $BARD
most chains build walls warden is tearing them down, letting ai flow anywhere it’s needed. that’s how you turn a protocol into an ecosystem layer. ai shouldn’t be locked to one chain, and @wardenprotocol makes sure it isn’t. with hyperlane, warden now connects to 100+ blockchains, letting: dapps on optimism, arbitrum & more call avrs via cross-chain messaging devs plug into ai without shifting their infra every chain act as a customer, every app tap agents natively this isn’t just cross-chain talk it’s warden positioning itself as the ai backbone for multichain defi + apps.

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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 $0.6714. 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

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Market cap
$1.19B #53
Circulating supply
1.78B / 4.29B
All-time high
$4.863
24h volume
$191.97M
3.4 / 5
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