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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About OP and OVN
Optimism is climbing, while Overnight is falling this week. The current OP to OVN conversion rate is 0.05977. Inversely, this means that if you convert 1 OVN you will get 16.73 OP. The conversion rate of OP/OVN has decreased by 2.58% in the last hour (OVN/OP increased by 2.58%). In the last 24 hours, OP/OVN grew by 0.45%, while OVN/OP shrunk by the same amount.
The exchange rate of Optimism is increasing. The current value of 1 OP is 0.05977 OVN. In other words, to buy 5 Optimism, it would cost you 0.29884 OVN. Inversely, 1 OVN would allow you to trade for 16.73 OP while 50 OVN would convert to 836.56 OP, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 18.55%. Meanwhile, in the last 24 hours, the rate has changed by 0.71%, which means that the highest exchange rate of 1 OP to OVN was 0.06114 OVN and the lowest 24 hour value was 1 OP for 0.05751 OVN. Last month, 1 OP was worth 0.1535 OVN. Today, it's down 156.79%. Looking back a year, Optimism has changed by 1.23 OVN. That means that in a single year, the value of Optimism has shrank by 1,964.72%.
Optimism Market Stats
Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more
Overnight Market Stats
At the core of Overnight is the concept of stablecoin-based DeFi. The platform introduces stablecoins like USD+, DAI+, and USDT+ that are designed to maintain a stable value relative to their underlying assets. These stablecoins serve as foundational building blocks for users to access various opportunities within the DeFi landscape. Overnight.fi is a protocol focusing on asset management, with a specialization in neutral-risk strategies. At the heart of its product line is USD+, which is a yield-driven stablecoin, fully backed by collateral. This collateral for USD+ is rooted in DeFi strategies that generate returns. These strategies encompass lending to platforms like Aave, and include both stablecoin-to-stablecoin and neutral-risk strategies. The goal of issuing OVN is twofold: Promote and popularize USD+, which is achieved with using OVN for bribes; Establish a robust & decentralized risk monitoring and management processes at the protocol level. OVN token will provide standard voting rights which will be key to realizing the vision of decentralized risk-management. OVN token should help align community incentives with this goal: to reward for supporting conservative risk decisions, and for vetoing aggressive ones.
Conversion tables
OP to OVN values from Today at 12:39 am
0.5 OP = 0.02988 OVN |
1 OP = 0.05977 OVN |
5 OP = 0.2988 OVN |
10 OP = 0.5977 OVN |
50 OP = 2.99 OVN |
100 OP = 5.98 OVN |
500 OP = 29.88 OVN |
1,000 OP = 59.77 OVN |
OVN to OP values from Today at 12:36 am
0.5 OVN = 8.37 OP |
1 OVN = 16.73 OP |
5 OVN = 83.66 OP |
10 OVN = 167.31 OP |
50 OVN = 836.56 OP |
100 OVN = 1,673.11 OP |
500 OVN = 8,365.57 OP |
1,000 OVN = 16,731.14 OP |
OP to OVN over time
OP | Today | 24H 0.71% | 1M -156.79% | 1Y -1,964.72% |
|---|---|---|---|---|
0.5 OP | 0.02988 OVN | 0.02967 OVN | 0.07674 OVN | 0.617 OVN |
1 OP | 0.05977 OVN | 0.05935 OVN | 0.1535 OVN | 1.23 OVN |
5 OP | 0.2988 OVN | 0.2967 OVN | 0.7674 OVN | 6.17 OVN |
10 OP | 0.5977 OVN | 0.5935 OVN | 1.53 OVN | 12.34 OVN |
50 OP | 2.99 OVN | 2.97 OVN | 7.67 OVN | 61.70 OVN |
100 OP | 5.98 OVN | 5.93 OVN | 15.35 OVN | 123.41 OVN |
500 OP | 29.88 OVN | 29.67 OVN | 76.74 OVN | 617.03 OVN |
1,000 OP | 59.77 OVN | 59.35 OVN | 153.48 OVN | 1,234.06 OVN |
Frequently asked questions
Right now, 1 Optimism is worth about $0.109.
Based on the current rate, you could get 9.17 OP for 1 USD.
Optimism price has been declining. Since yesterday, the exchange rate of Optimism has decreased. Since last month, the exchange rate of Optimism has decreased. Since this time last year, the price of Optimism has decreased.
You can use our OP to USD calculator at the top of this page to convert any amount of OP to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 45.87 OP. Inversely, 5 OP will cost about $0.545
Optimism is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Optimism.
There are a number of crypto assets that have the a similar or comparable market cap to Optimism, including Telcoin, Lido DAO Token, and Kaia. For a more robust list of assets to explore, jump to the asset page dedicated to Optimism.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.