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Market stats

Market cap


Volume (24h)


Circulating supply

798.5M OP

Typical hold time

9 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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Optimism is on the rise this week.

The price of Optimism has risen by 13.59% in the past 7 days. The price increased by 2.77% in the last 24 hours. In just the past hour, the price grew by 0.14%. The current price is $1.41 per OP. Optimism is 56.81% below the all time high of $3.26.

The current circulating supply is 798,517,235 OP.


Optimism is a layer two protocol and smart contract platform that aims to enable low-cost and near-instantaneous Ethereum transactions. The OP cryptocurrency powers the Token House, which will be a division of the Optimism Collective alongside the Citizens' House. The Collective governs network parameters, treasury disbursements, and protocol upgrades.

What is Optimism in the Ethereum Ecosystem?

Optimism, often referred to as Optimistic Rollups, stands out as a Layer 2 (L2) scaling solution tailored for the Ethereum blockchain. At its core, Optimism is a protocol designed to facilitate faster and more cost-effective transactions by processing a majority of the transactional data off the primary Ethereum chain, known as Layer 1. A simple analogy would be to envision it as a dedicated side road constructed to divert traffic from a bustling main highway. While the primary road, Ethereum, boasts of robust security and decentralization, it's prone to congestion. Enter Optimism, the side road, strategically designed to manage this congestion, ensuring a seamless flow of traffic.

Understanding Optimism: How Does It Function?

Optimism operates using a unique mechanism where it bundles or "rolls up" multiple transactions off-chain. Post this, a summary of these transactions, which is essentially a cryptographic proof, is submitted to the main Ethereum chain. This proof ensures the legitimacy of the off-chain transactions. The term "Optimistic" stems from the protocol's inherent trust in the validity of these transactions. But there's an interesting twist. If any individual suspects a transaction to be fraudulent, they have the provision to challenge it. If the challenge is validated, the dubious transaction is promptly reversed, and the erring party faces penalties.

The Advantages of Optimism: Why Should You Consider It?

Optimism offers a plethora of benefits:

  • Speed and Cost-efficiency: By processing transactions off the primary Ethereum chain, Optimism dramatically boosts transaction speeds while simultaneously slashing costs. This proves invaluable for both developers and users seeking rapid transaction times without the exorbitant fees tied to the often-congested Ethereum network.

  • Uncompromised Security: While Optimism processes transactions off-chain, it inherits its security framework from the main Ethereum chain. This ensures that users enjoy the dual benefits of speed and affordability without any compromise on Ethereum's renowned security.

  • Seamless Compatibility: Optimism is meticulously crafted to be compatible with the Ethereum Virtual Machine (EVM). This ensures that developers can effortlessly migrate existing decentralized applications (dApps) to Optimism with minimal modifications.

Deciphering Fees on Optimism

Similar to Ethereum, Optimism employs a gas fee mechanism. The determination of these fees hinges on various factors, including the quantum of data written to the Ethereum chain, the data size (referred to as calldata), and the fees remitted to the nodes that process the transactions on Optimism. However, thanks to its ingenious design, transactions executed on Optimism are typically more affordable than those on the primary Ethereum chain.

Optimism's Role in Augmenting Ethereum's Scalability

Ethereum, recognized as a leading and extensively utilized blockchain, often grapples with scalability challenges, primarily due to the sheer volume of transactions. Optimism addresses this bottleneck by enabling a larger number of transactions to be processed off-chain, thereby alleviating the burden on the main Ethereum chain. By compressing transaction data and processing it off-chain, Optimism can substantially amplify the transactions per second (TPS) metric, rendering the Ethereum network more scalable and efficient.

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Reading List


The Block • Apr 21, 23

OP Erigon released as new client software for Optimism on testnet

Optimism contributors emphasize that multiple clients can help prevent a single point of failure, bolstering the network's resilience.

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Decrypt • Feb 23, 23

Optimism Pumps 16% Amid Coinbase Layer-2 Launch

Upon launching its own layer-2 solution, Coinbase said it would contribute to open-source development on the Optimism stack too.

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The Block • Feb 02, 23

Optimism plans major network upgrade called Bedrock in March

Ethereum Layer 2 Optimism will release the first major upgrade, Bedrock, on Mar. 16, aimed at improving network performance.

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The Block • Jan 17, 23

Ethereum Layer 2 protocol Optimism surpasses Arbitrum in transaction volume

Ethereum-based Layer 2 scaling protocols Optimism and Arbitrum have seen a significant divergence in transaction activity, with Optimism outperforming Arbitrum since mid-December.

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Delphi Digital • Jun 27, 22

Arbitrum vs Optimism, Liquidation Cascades, Lido’s stETH Depeg

Chart of The Day: Arbitrum vs Optimism Arbitrum and Optimism are the two leading Optimistic rollups for Ethereum. Optimism initiated […] The post Arbitrum vs Optimism, Liquidation Cascades, Lido’s stETH Depeg appeared first on Delphi Digital.

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The Block • Jun 10, 22

Hacker returns 17 million OP tokens

The Optimism hacker has fulfilled a promise to return the coins but only transferred 17 million out of the 18 million OP tokens in their wallet.

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What is the current price of Optimism?

We update our Optimism to USD currency in real-time. Get the live price of Optimism on Coinbase.

What is the market cap of Optimism?

The current market cap of Optimism is $1.13B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Optimism?

The all-time high of Optimism is $3.26. This all-time high is highest price paid for Optimism since it was launched.

What is the 24 hour trading volume of Optimism?

Over the last 24 hours, the trading volume of Optimism is $125.75M.

What other assets are similar to Optimism?

Assets that have a similar market cap to Optimism include Aptos, Mantle, Crypto.com Coin, and many others. To see a full list, see our comparable market cap assets.

How many Optimism are there?

The current circulating supply of Optimism is 799 million.

What is the typical holding time of Optimism?

The median time that Coinbase customers hold Optimism before selling it or sending it to another account or address is 9 days.

What is the relative popularity of Optimism?

Optimism ranks 111 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Optimism?

Currently, 95% of Coinbase users are buying Optimism. In other words, 95% of Coinbase customers have increased their net position in Optimism over the past 24 hours through trading.

Can I buy Optimism on Coinbase?

Yes, Optimism is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Optimism guide.