OptimismOP
- Market cap#118$214.72M
- 24h volume#71$31.14M
- All-time high$4.84
- YTD return− 64.38%− 64.38%
- Circulating supply
- 2.29B
- Total supply
- 4.29B
- Max supply
- 4.29B
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OP to USD converter
About Optimism (OP)
Optimism is a layer-2 network on Ethereum that makes transactions faster and cheaper by processing them off the main chain, and OP is its governance token. Its software is developed mainly by OP Labs, and the Optimism Foundation supports the ecosystem. OP Mainnet, its first chain, launched in 2021, and the OP token was introduced in May 2022 with an airdrop to early users. Governance is run by the Optimism Collective, in which OP holders vote on protocol upgrades and on the use of a treasury.
How Optimism works
Optimism is an optimistic rollup. It executes transactions offchain and publishes the data to Ethereum, and it assumes that the results are correct unless someone submits a proof that they are not, so the chain relies on Ethereum for its security. The software behind OP Mainnet is called the OP Stack, and it is open source, so other teams can launch their own chains with it. Chains that were launched with the OP Stack include Base from Coinbase, which went live in 2023, and Unichain from Uniswap. The project calls its network of OP Stack chains the Superchain. Chains in the Superchain contribute a part of their sequencer revenue, which is the income from ordering transactions, to the Optimism Collective.
OP supply
OP was created with a supply of 4,294,967,296 tokens. A part of them is in circulation, and the rest is released gradually, according to a schedule for the team, investors, the ecosystem and other allocations. Current circulating and total supply figures are shown at the top of this page.
Optimism price history
OP has traded since May 2022. You can see its all-time high and the full price history on the chart above.
Optimism price on Cointelegraph
Track the live Optimism price on this page. Cointelegraph's OP price index shows the OP to USD rate, 24-hour change, market cap, 24-hour trading volume, all-time high and year-to-date return, plus the circulating, total and max supply. Use the interactive Optimism price chart to compare timeframes from six hours to all time, and the OP to USD converter to check any amount in seconds. For daily updates, see our Ethereum news page.