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About OVN and OP
Overnight is climbing, while Optimism is falling this week. The current OVN to OP conversion rate is 16.76. Inversely, this means that if you convert 1 OP you will get 0.05965 OVN. The conversion rate of OVN/OP has decreased by 0.12% in the last hour (OP/OVN increased by 0.12%). In the last 24 hours, OVN/OP grew by 0.08%, while OP/OVN shrunk by the same amount.
The exchange rate of Overnight is decreasing. The current value of 1 OVN is 16.76 OP. In other words, to buy 5 Overnight, it would cost you 83.82 OP. Inversely, 1 OP would allow you to trade for 0.05965 OVN while 50 OP would convert to 2.98 OVN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 24.06%. Meanwhile, in the last 24 hours, the rate has changed by 0.36%, and that the highest exchange rate of 1 OVN to OP was 17.39 OP and the lowest 24 hour value was 1 OVN for 16.25 OP. Last month, 1 OVN was worth 6.36 OP. Today, it's up 62.09%. Looking back a year, Overnight has changed by 0.8399 OP. That means that in a single year, the value of Overnight has grown by 94.99%.
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.
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
Conversion tables
OVN to OP values from Today at 9:34 pm
0.5 OVN = 8.38 OP |
1 OVN = 16.76 OP |
5 OVN = 83.82 OP |
10 OVN = 167.64 OP |
50 OVN = 838.20 OP |
100 OVN = 1,676.40 OP |
500 OVN = 8,382.01 OP |
1,000 OVN = 16,764.02 OP |
OP to OVN values from Today at 9:37 pm
0.5 OP = 0.02983 OVN |
1 OP = 0.05965 OVN |
5 OP = 0.2983 OVN |
10 OP = 0.5965 OVN |
50 OP = 2.98 OVN |
100 OP = 5.97 OVN |
500 OP = 29.83 OVN |
1,000 OP = 59.65 OVN |
OVN to OP over time
OVN | Today | 24H -0.36% | 1M 62.09% | 1Y 94.99% |
|---|---|---|---|---|
0.5 OVN | 8.38 OP | 8.41 OP | 3.18 OP | 0.4199 OP |
1 OVN | 16.76 OP | 16.82 OP | 6.36 OP | 0.8399 OP |
5 OVN | 83.82 OP | 84.12 OP | 31.78 OP | 4.20 OP |
10 OVN | 167.64 OP | 168.24 OP | 63.55 OP | 8.40 OP |
50 OVN | 838.20 OP | 841.22 OP | 317.77 OP | 41.99 OP |
100 OVN | 1,676.40 OP | 1,682.45 OP | 635.54 OP | 83.99 OP |
500 OVN | 8,382.01 OP | 8,412.24 OP | 3,177.68 OP | 419.95 OP |
1,000 OVN | 16,764.02 OP | 16,824.47 OP | 6,355.36 OP | 839.89 OP |
Frequently asked questions
Right now, 1 Overnight is worth about $1.79.
Based on the current rate, you could get 0.5575 OVN for 1 USD.
Overnight price has been declining. Since yesterday, the exchange rate of Overnight has decreased. Since last month, the exchange rate of Overnight has increased. Since this time last year, the price of Overnight has increased.
You can use our OVN to USD calculator at the top of this page to convert any amount of OVN to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 2.79 OVN. Inversely, 5 OVN will cost about $8.97
Overnight can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Overnight.
There are a number of crypto assets that have the a similar or comparable market cap to Overnight, including Meter Stable, EICOIN, and Squid Game. For a more robust list of assets to explore, jump to the asset page dedicated to Overnight.
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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.