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About OP and RED
Optimism is climbing, while Redstone is falling this week. The current OP to RED conversion rate is 0.7963. Inversely, this means that if you convert 1 RED you will get 1.26 OP. The conversion rate of OP/RED has decreased by 2.2% in the last hour (RED/OP increased by 2.2%). In the last 24 hours, OP/RED grew by 4.24%, while RED/OP shrunk by the same amount.
The exchange rate of Optimism is increasing. The current value of 1 OP is 0.7963 RED. In other words, to buy 5 Optimism, it would cost you 3.9815 RED. Inversely, 1 RED would allow you to trade for 1.26 OP while 50 RED would convert to 62.79 OP, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.86%. Meanwhile, in the last 24 hours, the rate has changed by 3.68%, which means that the highest exchange rate of 1 OP to RED was 0.8396 RED and the lowest 24 hour value was 1 OP for 0.7547 RED. Last month, 1 OP was worth 0.8727 RED. Today, it's down 9.59%. Looking back a year, Optimism has changed by 1.45 RED. That means that in a single year, the value of Optimism has shrank by 81.52%.
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 10:11 pm
0.5 OP = 0.3982 RED |
1 OP = 0.7963 RED |
5 OP = 3.98 RED |
10 OP = 7.96 RED |
50 OP = 39.82 RED |
100 OP = 79.63 RED |
500 OP = 398.15 RED |
1,000 OP = 796.31 RED |
RED to OP values from Today at 10:02 pm
0.5 RED = 0.6279 OP |
1 RED = 1.26 OP |
5 RED = 6.28 OP |
10 RED = 12.56 OP |
50 RED = 62.79 OP |
100 RED = 125.58 OP |
500 RED = 627.90 OP |
1,000 RED = 1,255.79 OP |
OP to RED over time
OP | Today | 24H 3.68% | 1M -9.59% | 1Y -81.52% |
|---|---|---|---|---|
0.5 OP | 0.3982 RED | 0.3835 RED | 0.4364 RED | 0.7227 RED |
1 OP | 0.7963 RED | 0.767 RED | 0.8727 RED | 1.45 RED |
5 OP | 3.98 RED | 3.84 RED | 4.36 RED | 7.23 RED |
10 OP | 7.96 RED | 7.67 RED | 8.73 RED | 14.45 RED |
50 OP | 39.82 RED | 38.35 RED | 43.64 RED | 72.27 RED |
100 OP | 79.63 RED | 76.70 RED | 87.27 RED | 144.55 RED |
500 OP | 398.15 RED | 383.51 RED | 436.35 RED | 722.73 RED |
1,000 OP | 796.31 RED | 767.03 RED | 872.71 RED | 1,445.46 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 increased. 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.
There are a number of crypto assets that have the a similar or comparable market cap to Optimism, including Kite, Ethereum Name Service, and Aave ENS V2. 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.