Live · updated 12 minutes ago
Optimism Price chart
Key stats
Performance
How the price moved over each period.
Supply
2.29B of 4.29B OP are in circulation.
- Circulating
- 2.29B
- Total supply
- 4.29B
- Max supply
- 4.29B
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 15.13% of market cap. Trades easily.
$247.38M market cap, rank #157. Bigger is harder to push around.
53% of the maximum supply circulates. Little dilution ahead.
97.8% below its all-time high of $4.84.
Largest recent swing: 4.90% a day. Moderate.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Optimism (OP)?
Optimism is blockchain infrastructure that grew out of an Ethereum layer 2 scaling network. OP Mainnet is a public chain where applications can launch with lower fees than Ethereum, and the OP Stack is the open-source software behind it. The OP Stack is MIT licensed, so anyone can use and fork it. OP is the governance token of the Optimism Collective, the community that stewards the network, and it began circulating on 31 May 2022.
Optimism has since become a platform for other chains. Chains built on the OP Stack, such as Ink from Kraken and Celo, can share standards, upgrades and services in what Optimism calls the Superchain.
What OP is used for
OP is not the gas token of OP Mainnet, where fees are paid in ETH. Its role is governance and ecosystem alignment:
- Voting: tokenholders take part in Collective governance, and are one of the groups that can veto a protocol upgrade during its seven-day veto period.
- Delegation: holders can delegate voting power to community members.
- Ecosystem funding: a share of supply was reserved to fund builders and public goods through governance programs.
Protocol upgrades are drafted by OP Labs or core contributors and reviewed by an independent Developer Advisory Board before they enter the veto window.
OP supply and token design
The initial supply was 4,294,967,296 OP. Part of it went to users in airdrops, and the first airdrop covered 5% of supply. Governance has also discussed adjusting the originally planned yearly inflation, so any further issuance is a matter for tokenholders. Live circulating supply is shown in the market data on this page.
OP's contract on OP Mainnet is 0x4200000000000000000000000000000000000042.
Official information is on optimism.io.
What to check before using OP
- Governance token only: holding OP does not entitle you to network fees, and its value depends on how much weight the Collective carries.
- Competition: many layer 2 networks compete for the same developers and users, and rollups on rival stacks do not need OP.
- Upgrade and centralization risk: upgrades are proposed by a small set of core teams, so decentralization is a work in progress.
- Bridge risk: moving assets to and from OP Mainnet relies on bridge contracts and, where used, withdrawal delays.
- Supply changes: governance can change issuance and treasury use, so check the latest decisions.
Optimism project profile
- Launched
- May 31, 2022
- Consensus
- Not mineable
- Open source
- No
Token contracts
- Optimism:
0x420000…000042
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Optimism market analysis
With a market capitalisation of $247.38 million, Optimism (OP) is classed as a small-cap asset and ranks #157 of 1,340 cryptocurrencies with a reported market cap on CryptoWave, larger than about 88.3% of them. It accounts for roughly under 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $37.42 million of OP changed hands, equal to 15.13% of its market cap, which puts its trading volume ahead of about 94.6% of tracked assets. That is an active level of turnover for an asset of this size. Its turnover ratio is higher than that of about 76% of tracked assets.
Price action: OP moved −4.90% in 24 hours and −2.02% over 7 days. It underperformed Bitcoin by 2.69 percentage points over 24 hours but outperformed it by 2.11 points over 7 days. Against the median tracked coin (behind by 2.63 points on the day and ahead by 4.20 points on the week), it has been a relative strength in recent sessions.
To overtake Ape and Pepe (APEPE) just above it, Optimism would need to grow its market cap by about 1.9%; it is 1.7% larger than Alchemix USD (ALUSD) just below. Its market cap is 0.02% of Bitcoin's.
Based on market data; not investment advice.
Optimism FAQ
What is Optimism (OP)?
OP is the governance token of the Optimism Collective, which runs OP Mainnet and the OP Stack, open-source software for building Ethereum layer 2 chains.
What is OP used for?
OP is used to vote and delegate in Optimism governance and to fund ecosystem programs. Fees on OP Mainnet are paid in ETH.
When did OP launch?
The OP token began circulating on 31 May 2022, with an initial supply of 4,294,967,296.
What is the OP Stack?
It is Optimism's MIT-licensed software for deploying chains. Chains that use it can share standards and upgrades as part of the Superchain.
Price history
| Date | Close | Change |
|---|---|---|
| 2026-11-02 | $0.1098 | 2.83% |
| 2026-11-01 | $0.1130 | 0.18% |
| 2026-10-31 | $0.1132 | 6.06% |
| 2026-10-30 | $0.1205 | 18.84% |
| 2026-10-29 | $0.1014 | 10.42% |
| 2026-10-28 | $0.1132 | 1.07% |
| 2026-10-27 | $0.1120 | 0.09% |
| 2026-10-26 | $0.1119 | 0.72% |
| 2026-10-25 | $0.1111 | 2.20% |
| 2026-10-24 | $0.1136 | 1.47% |
| 2026-10-23 | $0.1153 | 2.12% |
| 2026-10-22 | $0.1178 | 8.61% |
| 2026-10-21 | $0.1289 | 0.77% |
| 2026-10-20 | $0.1299 | 4.34% |
| 2026-10-19 | $0.1245 | 0.72% |
| 2026-10-18 | $0.1254 | 2.87% |
| 2026-10-17 | $0.1291 | 6.52% |
| 2026-10-16 | $0.1381 | 0.36% |
| 2026-10-15 | $0.1376 | 2.34% |
| 2026-10-14 | $0.1409 | 11.10% |
| 2026-10-13 | $0.1585 | 21.08% |
| 2026-10-12 | $0.1309 | 8.91% |
| 2026-10-11 | $0.1437 | 3.16% |
| 2026-10-10 | $0.1393 | 5.13% |
| 2026-10-09 | $0.1325 | 11.34% |
| 2026-10-08 | $0.1190 | 3.33% |
| 2026-10-07 | $0.1231 | 5.67% |
| 2026-10-06 | $0.1305 | 5.84% |
| 2026-10-05 | $0.1386 | 3.28% |
| 2026-10-04 | $0.1342 | 1.61% |
| 2026-10-03 | $0.1364 | 7.23% |
| 2026-10-02 | $0.1272 | 0.70% |
| 2026-10-01 | $0.1281 | 1.16% |
| 2026-09-30 | $0.1296 | 0.54% |
| 2026-09-29 | $0.1289 | 4.02% |
| 2026-09-28 | $0.1343 | 10.11% |
| 2026-09-27 | $0.1494 | 3.82% |
| 2026-09-26 | $0.1439 | 1.71% |
| 2026-09-25 | $0.1464 | 11.42% |
| 2026-09-24 | $0.1314 | 6.83% |
| 2026-09-23 | $0.1230 | 9.09% |
| 2026-09-22 | $0.1353 | 6.12% |
| 2026-09-21 | $0.1275 | 1.92% |
| 2026-09-20 | $0.1251 | 2.88% |
| 2026-09-19 | $0.1216 | 0.83% |
| 2026-09-18 | $0.1206 | 19.41% |
| 2026-09-17 | $0.1010 | 5.43% |
| 2026-09-16 | $0.0958 | 2.24% |
| 2026-09-15 | $0.0937 | 8.50% |
| 2026-09-14 | $0.1024 | 8.02% |
| 2026-09-13 | $0.0948 | 1.04% |
| 2026-09-12 | $0.0958 | 0.31% |
| 2026-09-11 | $0.0955 | 1.81% |
| 2026-09-10 | $0.0938 | 5.73% |
| 2026-09-09 | $0.0995 | 5.51% |
| 2026-09-08 | $0.1053 | 4.62% |
| 2026-09-07 | $0.1104 | 0.18% |
| 2026-09-06 | $0.1102 | 2.42% |
| 2026-09-05 | $0.1076 | 9.68% |
| 2026-09-04 | $0.0981 | 3.06% |