Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
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 RED
Optimism is climbing, while Redstone is falling this week. The current OP to RED conversion rate is 1.07. Inversely, this means that if you convert 1 RED you will get 0.9335 OP. The conversion rate of OP/RED has decreased by 1.37% in the last hour (RED/OP increased by 1.37%). In the last 24 hours, OP/RED grew by 3.64%, while RED/OP shrunk by the same amount.
The exchange rate of Optimism is increasing. The current value of 1 OP is 1.07 RED. In other words, to buy 5 Optimism, it would cost you 5.36 RED. Inversely, 1 RED would allow you to trade for 0.9335 OP while 50 RED would convert to 46.67 OP, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 9.19%. Meanwhile, in the last 24 hours, the rate has changed by 3.4%, which means that the highest exchange rate of 1 OP to RED was 1.14 RED and the lowest 24 hour value was 1 OP for 1.03 RED. Last month, 1 OP was worth 0.8659 RED. Today, it's up 19.17%. Looking back a year, Optimism has changed by 1.82 RED. That means that in a single year, the value of Optimism has shrank by 69.95%.
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
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Conversion tables
OP to RED values from Today at 1:25 am
0.5 OP = 0.5356 RED |
1 OP = 1.07 RED |
5 OP = 5.36 RED |
10 OP = 10.71 RED |
50 OP = 53.56 RED |
100 OP = 107.13 RED |
500 OP = 535.63 RED |
1,000 OP = 1,071.26 RED |
RED to OP values from Today at 1:25 am
0.5 RED = 0.4667 OP |
1 RED = 0.9335 OP |
5 RED = 4.67 OP |
10 RED = 9.33 OP |
50 RED = 46.67 OP |
100 RED = 93.35 OP |
500 RED = 466.74 OP |
1,000 RED = 933.48 OP |
OP to RED over time
OP | Today | 24H 3.40% | 1M 19.17% | 1Y -69.95% |
|---|---|---|---|---|
0.5 OP | 0.5356 RED | 0.5174 RED | 0.433 RED | 0.9103 RED |
1 OP | 1.07 RED | 1.03 RED | 0.8659 RED | 1.82 RED |
5 OP | 5.36 RED | 5.17 RED | 4.33 RED | 9.10 RED |
10 OP | 10.71 RED | 10.35 RED | 8.66 RED | 18.21 RED |
50 OP | 53.56 RED | 51.74 RED | 43.30 RED | 91.03 RED |
100 OP | 107.13 RED | 103.48 RED | 86.59 RED | 182.06 RED |
500 OP | 535.63 RED | 517.40 RED | 432.96 RED | 910.28 RED |
1,000 OP | 1,071.26 RED | 1,034.79 RED | 865.92 RED | 1,820.56 RED |
Frequently asked questions
Right now, 1 Optimism is worth about $0.1165.
Based on the current rate, you could get 8.58 OP for 1 USD.
Optimism price has been on the rise. Since yesterday, the exchange rate of Optimism has increased. 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 42.92 OP. Inversely, 5 OP will cost about $0.5825
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.
Buy Optimism with Coinbase
Create a Coinbase account to buy and sell Optimism on the most secure crypto exchange.
Related conversions
Learn how to buy popular cryptocurrencies
Discover other cryptocurrencies to currency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.