$2.4T
Total marketcap
$173.71B
Total volume
BTC 50.34%     ETH 16.92%
Dominance
Optimism

Optimism OP Price

$3.77 -3.1194%
  • BTC 0.000061
  • ETH 0.0011
ICO Price
ROI
FDV
$16.2B
Market cap
$3.8B
Low - High [24h]
$3.63 - $3.98
Vol [24h]
$286.51M
Cur - Max Supply
1.01B - 4.29B

Optimism Price chart

Sorry, that's all we've gotfor now...

Statistics

Optimism Price $3.77 All-time high $2.21 Days since ATH 575
Price change -$0.121 (-3.1194%) Date of ATH Aug 4, 2022 % of ATH 171.27%

Optimism Review

Optimism (code: OP)

Founded Date: Dec 11, 2019

Founders:

Jinglan Wang
Jinglan Wang
Co-founder & CEO
Karl Floersch
Karl Floersch
Co-founder & CTO
Kevin Ho
Kevin Ho
Co-founder

Optimism(OP) - Coin Trading Data

Optimism Price $3.77
Ticker OP
Market Capitalization $3.8B
Fully Diluted Valuation (FDV) $16.2B
Value 24h low $3.63
Value 24h high $3.98
Trade Volume for 24h $286.51M
Current Circulating Supply 1.01B
Maximum Supply 4.29B
Algorithm
ICO Price and ICO ROI
Price Change 24h % -3.1194%
OP quote $3.77
Fully Diluted Valuation (FDV) $16.2B

Optimism(OP) ATH - All Time High Price

Optimism ATH Price $2.21
OP quote 575
ATH Date Aug 4, 2022
All Time High % 171.27%

Optimism Profile

Optimism is a Layer 2 protocol and smart contract platform that is designed to provide low-cost, almost instantaneous Ethereum transactions. It is based on Optimism Rollup technology that scales shared smart contracts to provide instant transactions in the Ethereum network.

The idea of rollups is to bind hundreds of transactions into one single one. It is the one for which gas is paid, which is distributed to all users, and as a result, the amount of payment is reduced by many times.

In addition, in contrast to the Ethereum network, the Optimistic Virtual Machine (OVM) algorithm identifies all transactions as authentic until the opposite is proven. Transaction speeds can potentially reach up to 2,000 transactions per second, while Ethereum itself processes an average of 14-16 transactions per second.

Optimism core features:

ScalabilityOptimism is capable of improving Ethereum capacity scalability up to 10-100 times by using Optimistic Rollup technology. The throughput of Optimism is 200 to 2,000 transactions per second.
SecurityOptimism performs transactions in the base Ethereum network, providing a high level of security for its users.
More affordable feesOptimism's sliding payment technology allows multiple transactions to be processed in a single packet, which provides a significant reduction in fees of up to $0.15-$0.30, depending on the complexity of the transaction.

OP Token

OP is a management token for the Optimism network, whose holders can propose and/or vote for developments. In addition to management functions, the developers decided that OP would be used to pay transaction fees while previously using ETH.

When building the structure of the Optimism network and the OP token, the creators developed The Optimism Collective management model, which has two levels. The first is Token House, which is responsible for technical issues. The second is called Citizens' House, which is dealing with financial aspects.

You can buy OP without problems on popular exchanges, and the number of exchanges that are supporting this new token is only increasing. All you need to do is to have a MetaMask wallet and the necessary amount of USDT, USDC or BTC coins to make the purchase.

OP Token

OP is a management token for the Optimism network, whose holders can propose and/or vote for developments. In addition to management functions, the developers decided that OP would be used to pay transaction fees while previously using ETH.

When building the structure of the Optimism network and the OP token, the creators developed The Optimism Collective management model, which has two levels. The first is Token House, which is responsible for technical issues. The second is called Citizens' House, which is dealing with financial aspects.

You can buy OP without problems on popular exchanges, and the number of exchanges that are supporting this new token is only increasing. All you need to do is to have a MetaMask wallet and the necessary amount of USDT, USDC or BTC coins to make the purchase.

Optimism's History

  • The developer company, a nonprofit organization called Plasma Group, was founded in 2019 and later changed its name to OP Labs PBC.
  • In October 2019, the OP Labs PBC team launched the Optimism protocol test network.
  • In 2020, the team got the form of a separate Optimism PBC project to attract venture capital investment.
  • The final release of the main network with EVM support took place in December 2021.
  • On February 10, 2022, the hacker discovered a vulnerability in Optimism that, in theory, allowed attackers to create as much Ethereum in the Optimism account as they wished. For his discovery, hacker Jay Freeman received the largest bounty-hunter reward in history in the amount of $2,000,042. The problem was fixed by Optimism within hours after its existence was confirmed.
  • On April 27, 2022, the developers announced the release of their own token for participation in the life of the project. Already on June 1, the first airdrop was held, with 232,000 people involved.
  • At the end of July 2022, the Optimism team introduced an Ethereum transaction automation system called Drippie.
  • On February 23, 2023 Coinbase launched its own sidechain based on Optimism called Base. The new product is expected to become a cross-chain bridge through which users will be able to connect to various Ethereum ecosystem sidechains. Coinbase claims that the project will be aimed at decentralization, and the source code will be open for public access.
Optimism Roadmap

Optimism Roadmap

Optimism Technical Information

Optimism uses Rollup technology to make transactions faster and reduce the cost of commissions. The title "Rollup" describes the way the solution works: transactions are transferred to the main chain in "packs". Aggregators are publishing only the minimum necessary information and provide evidence only in case of fraud.

Rollups do exist:

  1. With ZK-SNARK proof - ZK Rollups.
  2. Optimistic Rollups - Optimistic Rollups.

In both cases, the transactions are collected into a packet at the L2 network layer. After that, an algorithm must authenticate the convolution and inform the L1 blockchain of the conclusion that will be written into the block. Since hundreds of transactions are collected in a single record, the gas fee is charged once and shared among all users.

For security purposes (e.g., to avoid double-spending), OVM allows network participants to challenge the authenticity of transactions.

  • Specific computing nodes, called sequencers, merge hundreds of transactions made on the L2 network into compact "cumulative packets" that are included in blocks on the main Ethereum network.
  • During one week, another types of node, called verifiers, can dispute the authenticity of transactional offers sent by sequencers. If a transaction is challenged by a verifier, the entire packet is verified by comparing the root states before and after the transaction.
  • If the check shows that the offer is fraudulent, the entire transaction package and the corresponding block are rejected, the watchful verifier is rewarded, and the sequencer is penalized. Thus, verifiers are rewarded for exposing unscrupulous participants, while sequencers are rewarded only for sending correct transaction offers.

Summary

At the moment, Optimism guarantees instant transactions, significant transaction savings and preserves the reliability or decentralization of Ethereum. The token's implementation is opening up opportunities to invest in Optimism (OP) with the hope of increasing the rate and gaining additional management rights to the project.

As Ethereum prepares for new updates that will solve the scalability problem, Optimism is successfully handling it by improving network performance. Its users are appreciating the speed and cheapness of the Layer 2 protocol, which explains the high amount of locked funds.

How much is a one Optimism worth now?

1 Optimism worth $3.77 now.

What is the price of OP?

The price of OP is $3.77.

What is the Optimism max supply?

The max supply of Optimism is 4.29B.

What is the Optimism stock symbol or ticker?

The stock symbol or ticker of Optimism is OP.

How many OP coins are there in circulation?

There are 1.01B coins in circulation of OP.

What is the exchange rate of Optimism(OP)?

The exchange rate of Optimism is $3.77.

What was Optimism's trading volume in 24 hours?

Optimism's 24-hour trading volume is $286.51M.

What was the highest price paid for Optimism?

Optimism reached a record high of $2.21 on Aug 4, 2022

Optimism Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance OP/USDT $3.76 $84.93M 17.8% 10 minutes ago
2 OKX OKX OP/USDT $3.78 $26.83M 5.62% 25 minutes ago
3 DigiFinex DigiFinex OP/USDT $3.76 $26.54M 5.56% 16 minutes ago
4 Poloniex Poloniex OP/USDT $3.77 $17.4M 3.65% 6 minutes ago
5 Bybit Bybit OP/USDT $3.77 $13.91M 2.92% 12 minutes ago
6 Coinbase Exchange Coinbase Exchange OP/USD $3.77 $12.01M 2.52% 28 minutes ago
7 HTX HTX OP/USDT $3.77 $10.15M 2.13% 29 minutes ago
8 Bibox Bibox OP/USDT $3.77 $8.57M 1.8% 7 minutes ago
9 Bitget Bitget OP/USDT $3.77 $6.2M 1.3% 20 minutes ago
10 KuCoin KuCoin OP/USDT $3.78 $4.61M 0.97% 28 minutes ago
11 OrangeX OrangeX OP/USDT $3.77 $4.39M 0.92% 6 minutes ago
12 Pionex Pionex OP/USDT $3.76 $4.25M 0.89% 17 minutes ago
13 Biconomy Biconomy OP/USDT $3.77 $3.71M 0.78% 22 minutes ago
14 FameEX FameEX OP/USDT $3.77 $3.51M 0.74% 7 minutes ago
15 Binance Binance OP/USDC $3.78 $3.27M 0.69% 34 minutes ago