Optimism price

in USD
$0.7094
+$0.0029 (+0.41%)
USD
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Market cap
$1.24B #52
Circulating supply
1.75B / 4.29B
All-time high
$4.863
24h volume
$162.06M
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
-49.43%
$1.40
3 months
+4.23%
$0.68
30 days
-3.11%
$0.73
7 days
+0.32%
$0.71
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 (+79.45%) on Jun 19, 2022, (UTC+8). Its all-time high was $4.863 (-85.42%) on Mar 6, 2024, (UTC+8). Optimism’s circulating supply is 1,752,186,819 OP, which represents 40.79% of its maximum circulating supply of 4,294,967,296 OP.
61%
Buying
Updated hourly.
More people are buying OP than selling on OKX

Optimism on socials

ccjing | Morph 🐨 🧩 $BARD
ccjing | Morph 🐨 🧩 $BARD
「 @MavrykNetwork In-Depth Analysis: "Full-stack" L1 for RWAs Mavryk attempts to integrate "compliant asset issuance + L1 infrastructure + native DeFi stack" into one chain to serve RWA on-chain, trading, and financing. Its route is "compliance module + infrastructure closed loop + institutional landing", which is different from simple chain/coin issuance projects, and is more like moving a "traditional financial highway" to the chain. 1️⃣ Project Overview: Why now? Track: RWA is one of the most deterministic directions in the current crypto market, with increments coming from institutional and compliant funds. Positioning: L1 for RWAs, providing full-process facilities from asset standards, issuance, custody, to DeFi liquidity. The official website and litepaper clearly state that $MVRK is the core of the network gas, staking, and protocol economy. 2️⃣ Technology and products: from asset standards to application closed-loop (a) Asset standard: MRC-30 For compliant issuance and transfer, it emphasizes configurability and scalability, matching traditional asset requirements (KYC/permissions, revenue distribution, compliant transfer, etc.). (b) Infrastructure characteristics Forkless upgrades and modular/multi-layer architectures (including rollups), the goal is to iterate on the underlying capabilities without disrupting the business, leaving room for large-scale asset issuance/settlement. (c) Native application stack Equiteez: An asset tokenization issuance platform for enterprises/institutions; Maven Finance: Lending/monetization component that connects to RWA; Mavryk Wallet: A wallet portal for the public and institutions; These are all visible on the testnet side, reflecting the closed loop of "issuance-custody-trading-financing". 3️⃣Cooperation and Industry Landing: Real estate tokenization from $3B to $10B $3B RWA Tokenization Protocol: Reached a milestone collaboration with MAG & MultiBank Group, planning to tokenize high-end real estate including Ritz-Carlton Residences, Keturah Reserve, and other high-end real estate and issue them directly on Mavryk. $10B Platform-Level Collaboration: × Fireblocks × Mavryk jointly announced the launch of a $10B real estate tokenization platform – Mavryk is responsible for blockchain issuance/DeFi integration, Fireblocks provides institutional-grade custody and tokenization stacks, and MultiBank is responsible for compliance/governance and secondary liquidity support. These cooperation with "asset scale and specific counterparties" means that it is not limited to PPT. If the launch and clearing and settlement can be successfully implemented, the "asset supply side" will be directly connected to the chain, solving the pain point of many RWA projects that only have agreements and no assets. 4️⃣ Token and Economic Model ( $MVRK ) Purpose: A common medium for network gas, staking/security, DeFi collateral and ecological economy. Market availability: CMC/Coingecko is included 5️⃣ Competitors and positioning: @MavrykNetwork Differences from other RWA routes Against "issuance protocol-based" opponents (such as Centrifuge, Polymesh, etc.): Mavryk packages "issuance standard + L1 + native DeFi + wallet", aiming for an end-to-end closed loop, not a single issuance layer. With "multi-chain/asset management" opponents (such as ONDO, etc.): The other party is more like a "cross-chain asset bridge + financial product platform", and Mavryk emphasizes native issuance and clearing on its own L1 to reduce external dependence. Opponents with "pure public chains" (Arbitrum/Optimism/Polygon, etc.): They are general-purpose computing layers, and RWAs are mostly explored by ecological projects. Mavryk regards RWA as a first-class citizen, and the cooperation between the compliance module and the institution is the starting point, not a "compatible item". Mavryk's advantages lie in asset supply and compliance bridging, while risks in ecological breadth and versatility may not be as good as those of large public chains, which need to be compensated for through DeFi stacks and cooperation. 6️⃣ Mainnet and scale: From testnet to mainnet to 100 million assets and user scale, stability, settlement, and risk control must undergo stress tests. Tokenomics sustainability: How well does gas/staking/incentives match real demand? If the pace of asset issuance and trading is not as expected, the token capture value will be discounted. Cooperation fulfillment: The "volume commitment" of $3B/$10B needs to be implemented in verifiable indicators such as issued scale, on-chain activity, and real income distribution. 7️⃣Investors can mainly pay attention to ⬇️ In the short term (1–2 quarters), focus on the following 5 metrics: Mainnet and compliance module: public details of the official launch time, KYC/permission template, and compliance agreement. Issuance and TVL: On-chain issued RWA denomination, TVL, number of active contracts, and real revenue distribution (whether it is available on-chain). Trading and liquidity: Annualized returns on secondary market transaction depth (including compliant whitelist markets), market making and DeFi portfolios. Institutional Cooperation Progress: Delivery milestones for MultiBank/Fireblocks/MAG (pilot assets, batch offerings, secondary market opening). MVRK Economy: Staking participation rate, token release cadence, and ecological incentive cost/benefit ratio. [Finally, to summarize: Why is it worth paying attention to? It designs the "exclusive chain of RWA" from the first principle, and integrates issuance, custody, clearing, settlement, and DeFi into a closed loop, and then superimposes cooperation with MultiBank/Fireblocks/MAG to connect the "asset supply side", which is the most lacking piece of many RWA projects. The core variable? Compliance implementation and stable mainnet expansion. If both go well, Mavryk has the opportunity to form a first-mover network effect at the intersection of RWA×DeFi; The opposite is true for "potential L1". 】 」
ccjing | Morph 🐨 🧩 $BARD
ccjing | Morph 🐨 🧩 $BARD
Why @MavrykNetwork Bullish ? First of all, the RWA track is the trend Stock tokenization and so on move the traditional world's finance to the chain, which is a major trend in the world and a booming trend in blockchain As long as the blockchain narrative is not falsified, then RWA will not be falsified Buying a house on the chain, managing a house, @MavrykNetwork dealing with real needs @MavrykNetwork To create an independent L1 dedicated to RWA, it has also obtained institutional-level recognition and financing $MVRK TGE will be held on September 13th, and it is also a very short and fast project, seizing the wind The narrative is grand Let's see if @MavrykNetwork can truly create the glory of RWA! #Mavryk
MINHxDYNASTY
MINHxDYNASTY
in crypto, there’s a feeling that the pond has been fished out a bit we need a few big disruptions to restock the pond look for those, when you see it, go hard
vex
vex
I’m stepping away from my role at @OPLabsPBC. Very grateful for the opportunity to have been a small part of what the OP Stack has become over the last 3 years, and I’m excited to see where the community takes it from here 😄

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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 $0.7094. 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
$1.24B #52
Circulating supply
1.75B / 4.29B
All-time high
$4.863
24h volume
$162.06M
3.4 / 5
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