Optimism Price

Track Optimism Price Today, Live OP Price Chart & Market Cap

Date Range

FROM OP

TO USD

Optimism Price Live Data

24H Range

$?1.608712

24H Range

$?1.797961

52W Range

$?1.070529

52W Range

$?4.85

ATH & ATL Range

$?0.401121

ATH & ATL

$?4.85

Optimism Price	$?1.766069
Market Cap	$?2.22B
Diluted Market Cap	$?7.59B
24H Volume	$?655.80M
Vol. / M. Cap Ratio	0.2959
Dominance	0.07%
ATH	$?4.85 (-64%)
ATH Date	Mar 6, 2024
ATL	$?0.401121
ATL Date	Jun 18, 2022
Cycle Low	$?1.07053
Cycle High	$?1.93248
Circ. Supply	1.26B (29%)
Total Supply	4.29B
Max Supply	4.29B
Supply Inflation	484.44% (High)
Volatility	6.26% (High)
Platform	ETH
Release Date	-
Fear & Greed Index	82 (Extreme Greed)
Sentiment	Bullish
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Optimism price today is $?1.766069 with a 24-hour trading volume of $?655.80M, market cap of $?2.22B, and market dominance of 0.07%. The OP price increased 1.60% in the last 24 hours.

Optimism reached its highest price on Mar 6, 2024 when it was trading at its all-time high of $?4.85, while Optimism's lowest price was recorded on Jun 18, 2022 when it was trading at its all-time low of $?0.401121. The lowest price since it's ATH was $?1.07053 (cycle low). The highest OP price since the last cycle low was $?1.93248 (cycle high). The Optimism price prediction sentiment is currently bullish , while Fear & Greed Index is showing 82 (Extreme Greed).

Optimism's current circulating supply is 1.26B OP out of max supply of 4.29B OP. The current yearly supply inflation rate is 484.44% meaning 1.04B OP were created in the last year. In terms of market cap, Optimism is currently ranked #3 in the Layer 2 sector.

Highlights

Price has increased by 4% in the last 1 year
Trading above the
Has liquidity based on its market cap
Trading on KuCoin

Risk Analysis

Outperformed by 78% of the in 1 year
Outperformed by and
Only in the last 30 days (47%)
Down -64% from all-time high
Less than 29% of the total supply is in circulation
Yearly inflation rate is

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Optimism Performance

Change	1H	24H	7D	1M	3M	6M	YTD	1Y	3Y	5Y	ALL
OP/USD	4.88%	1.60%	9.26%	1.61%	14.04%	-31.19%	-53.47%	4.16%	--	--	16.65%
OP/BTC	5.15%	-2.98%	1.47%	-30.19%	-29.19%	-51.26%	-79.78%	-61.15%	--	--	-62.09%
OP/ETH	1.86%	-3.02%	7.14%	-17.44%	-6.39%	-20.23%	-66.65%	-34.93%	--	--	-29.61%
OP/USDT	4.88%	1.60%	9.26%	1.61%	14.04%	-31.19%	-53.47%	4.16%	--	--	16.65%

Optimism price in US Dollar has increased by 1.61% in the last 1 month. OP is down -17.44% against Ethereum and down -30.19% against Bitcoin in the last 1 month.

Optimism Quarterly Returns

Year	Q1	Q2	Q3	Q4	Total
2022	--	-63.98%	66.96%	0.77%	-39.40%
2023	149.36%	-41.75%	0.87%	178.91%	308.66%
2024	-1.71%	-51.15%	-2.73%	--	--
Average	73.82%	-52.29%	21.70%	89.84%	134.63%

The top-performing year for Optimism was 2023 when the price of OP increased by 308.66% from $?0.917529 to $?3.75. The worst performing year for Optimism was 2022 when the price dropped by -39.40% from $?1.51401 to $?0.917529. The average yearly growth of Optimism over the last 3 years is 134.63% per year. Usually, Optimism performs best in Q4 with an average of 89.84% gain and worst in Q2 with -52.29% loss.

Optimism Price Closing History by Level

Price	Days Above	% of Optimism's Life
$?4.85 ATH	-	-
$?4.00	11	1.22%
$?3.00	106	11.73%
$?2.00	296	32.74%
$?1.90	310	34.29%
$?1.80	338	37.39%
$?1.766069 Price Now	354	39.16%
$?1.70	399	44.14%
$?1.60	463	51.22%
$?1.50	519	57.41%
$?1.40	580	64.16%
$?1.30	657	72.68%

The table above shows the number of days which Optimism closed above a certain price level.

Optimism Price & ROI on this Date

Date	Price	ROI
Nov 21, 2024 Today	$?1.766069	-
Nov 21, 2023	$?1.727108	2.26%
Nov 21, 2022	$?0.845959	108.77%

The table above shows the price and ROI of Optimism today and previous years on the same date (Nov 21).

OP Exchanges

Optimism is being traded on 69 cryptocurrency exchanges, including Binance and KuCoin. $?655.80M worth of Optimism changed hands in the last 24 hours. If you wish to purchase OP, check our guide on how to buy Optimism in 6 steps.

Exchange	Price	Action
Binance	$?1.771203$?62.27M	$?1.771203	$?62.27M	Trade Now
KuCoin	$?1.769863$?2.86M	$?1.769863	$?2.86M	Trade Now
Kraken	$?1.764951$?487,040	$?1.764951	$?487,040	Trade Now
Bybit	$?1.770881$?24.21M	$?1.770881	$?24.21M	Trade Now
OKX	$?1.771591$?20.95M	$?1.771591	$?20.95M	Trade Now
gate.io	$?1.76912$?7.33M	$?1.76912	$?7.33M	Trade Now
Binance Futures	$?1.76992$?218.59M	$?1.76992	$?218.59M	Trade Now
Uphold	$?0.00$?0.00	$?0.00	$?0.00	Trade Now
Coinbase	$?1.767493$?11.35M	$?1.767493	$?11.35M	Trade Now
AscendEX	$?1.77322$?2.73M	$?1.77322	$?2.73M	Trade Now

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About Optimism

OP is the token for the Optimism Collective that governs the Optimism L2 blockchain. The Optimism Collective is a large-scale experiment in digital democratic governance, built to drive rapid and sustainable growth of a decentralized ecosystem, and stewarded by the newly formed Optimism Foundation.

OP governs upgrades to the protocol and network parameters, and creates an ongoing system of incentives for projects and users in the Optimism ecosystem. 5.4% of the total token supply will be distributed to projects on Optimism over the next six months via governance. If you're building something in the Ethereum ecosystem, you can consider applying for the grant.

Website
Discord
Explorer
GitHub
Medium
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FAQ

What is Optimism (OP)?

OP is a governance token created by Optimism, a Layer-2 scaling solution for the Ethereum blockchain. Optimism have created a governance structure that consists of two groups—the Token House and the Citizens’ House. Both groups contribute to the project’s governance, and help determine how the revenue generated by the Optimism platform is distributed to drive further growth. OP token holders participate in the Token House, and vote on issues like incentive distribution, protocol upgrades, and the handling of treasury funds.

How does Optimism (OP) work?

OP is an ERC-20 token on the Optimism network, which is a Layer-2 platform that’s compatible with Ethereum. However, users should be aware that OP is a governance token, and isn’t the native token of the Optimism platform. The fees on the Optimism platform are paid with ETH.

How is OP used?

OP is designed for use in the Token House, which is a part of the governance system for the Optimism Layer-2 platform. OP holders can use their tokens to vote on various proposals.

Why is Optimism (OP) valuable?

Optimism is one of the leading projects among Layer-2 scaling solutions for Ethereum. The platform, which is based on a technology called “optimistic rollups”, offers significantly lower fees and faster transactions while benefiting from the security guarantees of Ethereum (all Optimism transactions are posted to the Ethereum mainnet).

OP tokens gives holders the ability to participate in the governance process for the Optimism platform. If adoption of the Optimism platform grows in the future, this “power” granted to token holders could be seen as highly valuable.

As with all other crypto assets, the price of OP is ultimately determined by supply and demand on marketplaces such as cryptocurrency exchanges and decentralized exchanges.

How do I get Optimism (OP)?

You can buy the OP token on leading cryptocurrency exchanges like Binance, Coinbase and OKX. The token is also available on decentralized exchanges that run on the Optimism platform.

Is OP a good investment?

Most crypto assets display high levels of price volatility, and Optimism (OP) is no exception. Prices can change rapidly over a short period of time, allowing for both great gains and losses. Before investing in any cryptocurrency, including Optimism (OP), make sure to conduct your own research and consider your financial situation. Don’t invest more than you’re willing to lose.

What is the current price of Optimism? How much does it cost to buy 1 OP?

The current price of Optimism is —it costs to buy 1 OP token.

Is it a good time to buy Optimism (OP)?

The cryptocurrency market is unpredictable, which means it’s difficult to say for sure if now is a good time to buy Optimism (OP). According to our Optimism price prediction page, the OP market is at the moment.

How much should I invest in Optimism (OP)?

The cryptocurrency market is a high-risk environment, so consider starting with smaller stakes if you do decide to make an investment in crypto. Never invest more than you’re willing to lose.

Can I invest $50 in Optimism (OP)?

Yes, you can invest $50 into Optimism (OP) if your cryptocurrency exchange supports purchases of this size. You don’t have to buy less than 1 whole OP token, which means that you can invest as little as you like.

How do you cash out from Optimism (OP)?

Depending on the cryptocurrency exchange you’re using, you can directly sell your OP tokens for EUR, USD, or other fiat currency. If your exchange doesn’t have a direct trading pair between OP and a fiat currency, consider exchanging your OP tokens for BTC or ETH, and then cashing those out for fiat currency.

Is Optimism (OP) secure?

OP is an ERC-20 token that uses the Optimism Layer-2, which is built on top of Ethereum. Generally speaking, transfering the OP token on the blockchain should be secure if you follow the necessary precautions and keep your private keys secure.

Where can you store Optimism (OP)?

You can store your Optimism (OP) in tokens that support the Optimism platform. This includes wallets such as MetaMask, Coinbase Wallet and Rainbow. You can find a list of wallets that support Optimism on the official Optimism website.

Who gets the money when you buy Optimism (OP)?

Cryptocurrency exchanges match buyers and sellers. When you buy OP tokens on an exchange, your money goes to the person that submitted a sell order, and you get their OP tokens in return. If you’re using a decentralized exchange that uses an automated market maker (AMM) model, your funds go to a liquidity pool, and a small portion of the transaction is distributed as a reward to liquidity providers.

How many Optimism (OP) tokens are left?

Optimism (OP) started with a total supply of 4,294,967,296 tokens, but not all of them were distributed at launch. The remaining tokens will be distributed gradually to different stakeholders in the Optimism ecosystem. The total supply of OP is designed to inflate at a rate of 2% per year.

Which coins are similar to Optimism (OP)?

Optimism can be compared to other tokens created by Layer-2 project that are building on top of Ethereum. Some examples include Loopring (LRC), Immutable X (IMX) and Metis Token (METIS). However, the tokens are implemented with their respective networks in different ways, making direct comparisons difficult.