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Optimism

Optimism priceOP

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Optimism price calculator

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OP
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1 OP = 3.7 USD
Last updated 2024-02-27 23:41:20(UTC-0)

Optimism price live data summary

The live price of Optimism is $3.7 per (OP / USD) today with a current market cap of $3.55B USD. The 24-hour trading volume is $253.91M USD. OP to USD price is updated in real time. Optimism is -3.12% in the last 24 hours. It has a circulating supply of 957,378,560 .

What is the highest price of OP?

OP has an all-time high (ATH) of $4.57, recorded on 2022-05-31.

What is the lowest price of OP?

OP has an all-time low (ATL) of $0.4005, recorded on 2022-06-18.

When is a good time to buy OP? Should I buy or sell now?

When deciding whether to buy or sell OP, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget OP technical analysis can provide you with a reference for trading.
According to the OP 4h technical analysis, the trading signal is Sell.
According to the OP 1d technical analysis, the trading signal is Buy.
According to the OP 1w technical analysis, the trading signal is Strong buy.

Optimism price performance in USD

24h7d30d90d1yAll-time
-3.12%-8.98%+22.19%+119.66%+27.88%--

Optimism price history in USD

TimeLowHigh
24h$3.67$3.93
7d$3.43$4.07
30d$2.83$4.18
90d$1.64$4.25
1y$1.06$4.25
All-time$0.4005(2022-06-18, 1 years ago )$4.57(2022-05-31, 1 years ago )

Optimism market information

Market capCombinedShapeIcon
$3,546,568,262.23
-3.12%
Fully diluted market capCombinedShapeIcon
$15,910,524,016.76
-3.12%
Volume (24h)CombinedShapeIcon
$253,908,015.13
+8.10%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+22.00%
24h volume / market capCombinedShapeIcon
0.0715
Circulating supplyCombinedShapeIcon
957,378,560 OP
Total supply / Max supplyCombinedShapeIcon
4.29B OP
-- OP
ICO price
$0.01500 ICO details
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Optimism ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Optimism Social Data

In the last 24 hours, the social media sentiment score for Optimism was 0.1, and the social media sentiment towards Optimism price trend was Bearish. The overall Optimism social media score was 26,705, which ranks 86 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,564,152 times, with Optimism being mentioned with a frequency ratio of 0.03%, ranking 109 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Optimism, with a total of Optimism mentions of 465. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 17%.

On Twitter, there were a total of 19 tweets mentioning Optimism in the last 24 hours. Among them, 37% are bullish on Optimism, 0% are bearish on Optimism, and 63% are neutral on Optimism.

On Reddit, there were 0 posts mentioning Optimism in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Optimism. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0.1
Social score(24h)
26.70K(#86)
Social contributors(24h)
0
0%
Social mentions(24h)
465(#109)
+17%
Social dominance(24h)
0.03%
Twitter
Tweets(24h)
19
+533%
Twitter sentiment(24h)
Bullish
37%
Neutral
63%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Optimism(OP)

What is Optimism?

Optimism is a layer 2 scaling solution for Ethereum that aims to increase the throughput of the network while maintaining a high level of security. Utilizing a technology known as Optimistic Rollup, it allows for faster and cheaper transactions compared to the Ethereum mainnet. In essence, Optimism acts as a second layer that sits on top of the Ethereum blockchain, processing transactions and smart contracts more efficiently. This has made it a popular choice for decentralized applications (dApps) looking to provide their users with a smoother and more cost-effective experience.

Launched in 2022, the goal of Optimism is to make the Ethereum network more scalable and usable, addressing issues like high gas fees and slow transaction speeds that have been barriers to mainstream adoption. By bundling multiple transactions together and submitting them as a single unit to the Ethereum mainnet, Optimism can substantially reduce the cost per transaction and make the overall network more efficient.

Resources

Official Documents: https://community.optimism.io/

Official Website: https://www.optimism.io/

How Does Optimism Work?

Optimism uses a technology called Optimistic Rollup to improve scalability. Here's how it works: instead of each transaction being processed individually on the Ethereum mainnet, multiple transactions are grouped together in a rollup and processed as a batch. This reduces the amount of computational work required, thereby decreasing transaction fees and increasing speed.

The name "optimistic" comes from the underlying assumption that all transactions, when bundled together and sent to the main Ethereum layer (Layer 1), are presumed to be valid unless proven otherwise. Validators on this Layer 1 have the ability to challenge any transaction that seems suspicious. If a challenged transaction turns out to be invalid, the gas fees incurred for running the fraud-proof process are reimbursed. Additionally, any Layer 2 nodes involved in executing the fraudulent transaction face penalties. This setup allows Optimism to maintain robust security while optimizing for speed and efficiency.

What is Optimism Token (OP)?

The OP token is the native cryptocurrency of the Optimism network. It serves multiple functions, including governance, staking, and incentivizing various activities within the ecosystem. Holders of the OP token can participate in governance decisions, such as protocol upgrades or changes to network parameters. The token also plays a role in securing the network; validators are required to stake OP tokens as collateral, ensuring that they have a vested interest in properly executing transactions.

Which Factors Affect Optimism Token (OP) Price?

Several factors can influence the price of the OP token:

- Demand for Layer 2 Solutions: As Ethereum struggles with scalability issues, the demand for layer 2 solutions like Optimism could drive up the value of the OP token.

- Adoption Rates: If more dApps and projects choose to build on Optimism, it could result in increased demand for the OP token.

- Network Security: The perceived security and reliability of the Optimism network can influence investor confidence, affecting the token price.

- Regulatory Environment: Regulatory decisions affecting Ethereum or layer 2 solutions can impact the OP token's value.

- Community and Developer Support: A strong, active community and developer ecosystem can contribute to the token's stability and growth.

- Market Sentiment: Like any other asset, the price of the OP token can be influenced by overall market sentiment, including news, social media discourse, and other intangible factors.

Optimism’s Impact on Finance

The influence of Optimism on the financial landscape, especially within the decentralized finance (DeFi) arena, is substantial. By facilitating faster and more cost-effective transactions, Optimism makes it easier for everyday users to interact with DeFi platforms. This is a key factor that could catalyze mainstream adoption, not just for the Ethereum network but for blockchain technology in general.

Optimism acts as a critical backbone for financial applications needing fast, reliable transactions—this includes exchanges, payment gateways, and lending platforms. By effectively addressing scalability challenges, Optimism unlocks new possibilities for innovation in the financial sector. It removes barriers that have previously restricted growth and widespread adoption, paving the way for a more inclusive and efficient financial ecosystem.

Conclusion

In conclusion, Optimism presents a promising solution for scaling the Ethereum network, facilitating more efficient transactions and smart contracts. Its impact on the financial world, especially the burgeoning field of DeFi, could be transformative, enabling a more inclusive and efficient financial ecosystem.

Related Articles about Optimism

Introduction to Optimism (OP)

What is Optimism and What’s in Its Ecosystem?

Zk-rollup vs. Optimistic Rollup: Explained

How to buy Optimism (OP)

Buying Optimism on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Optimism (OP) .

Trade OP perpetual futures

After having successfully signed up on Bitget and purchased USDT or OP tokens, you can start trading derivatives, including OP futures and margin trading to increase your income.

The current price of OP is $3.7, with a 24h price change of -3.12%. Traders can profit by either going long or short onOP futures.

Join OP copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or OP tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Optimism.

What is the current price of Optimism?

We update our Optimism to USD price in real time. Get the live Price of Optimism on Bitget.

What is the 24 hour trading volume of Optimism?

Over the last 24 hours, the trading volume of Optimism is $253.91M.

What is the all-time high of Optimism?

The all-time high of Optimism is $4.57. This all-time high is highest price for Optimism since it was launched.

Can I buy Optimism on Bitget?

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

Can I get a steady income from investing in Optimism?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Optimism with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Optimism a good investment?

As Ethereum grapples with persistent challenges like network congestion and exorbitant gas fees, Layer-2 solutions such as Optimism are fast becoming the go-to for projects that prioritize scalability and cost-efficiency. This foundational strength bodes well for the sustained growth of Optimism's price and market cap, positioning OP as a potent investment contender. Additionally, the increasing global shift towards Web 3.0 dApps powered by blockchain, Optimism's ecosystem stands to see a surge in demand, propelling both its market cap and token price. The confluence of these factors makes the OP token a tantalizing addition for forward-thinking crypto portfolios.

What can Optimism OP token be used for?

The OP token, native to the Optimism platform, is multifunctional, serving as: Governance Powerhouse: OP token holders wield the power to vote on pivotal proposals aimed at refining the Optimism platform. This decentralized approach ensures that Optimism evolves through community consensus. Additionally, OP token enthusiasts have the flexibility to delegate their voting strength to trusted network participants. Cryptocurrency Asset for Trade and Investment: Rooted in one of Ethereum's premier Layer-2 scaling solutions, OP stands apart from fledgling cryptocurrencies with uncertain futures. Whether you're looking to trade OP against diverse cryptocurrencies, fiat pairs, or secure it as a long-term investment, it’s essential to monitor the Optimism token's live price, market valuation, and trading volumes. Thoroughly analyze OP's price trends using a blend of fundamental, technical, and sentiment metrics.

Does Optimism use ETH or OP for gas?

Optimism uses ETH to pay for gas fees just as Ethereum's Mainnet does. After funding your Optimism address with ETH, you can later you can withdraw your funds from the L2 back to Ethereum's L1 Mainnet Layer. This process of moving funds back and forth between L1 and L2 layers is known as bridging.

How are fees paid on Optimism?

It's automatically subtracted from the user's ETH reserve on the OP Mainnet. The deduction is determined by the gas cost for L1 operations (at the time the transaction took place).

How do I claim ETH from Optimism?

You can withdraw assets back to Ethereum Layer 1 through the Optimism Gateway which is supported by the Optimism app. Open the Optimism Gateway. Click Connect and select your wallet. Select the Withdraw tab. ... Select the token you would like to withdraw. ... Enter the amount of tokens you wish to withdraw from L2 to L1. Click the Withdraw button.

Can OP reach $100 dollars?

While it can be difficult to predict price accurately, in order for OP to reach $100, optimism will have to increase by 77 times. At $100, the market cap of $OP will be around $23.1 billion. If Optimism were to increase by 25% annually, it would take 20 years to reach $100
Cryptocurrency investments, including buying Optimism online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Optimism, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Optimism purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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OP is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support OP trades.
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BGUSER-29PJ4KMB
BGUSER-29PJ4KMB
insight537/750
13302.28%
ROI
Total profit $16,263.36
long
long
insight993/1000
569.42%
ROI
Total profit $3,278.24
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