Optimism OP

1. Summary

Ranks

Liquidity

100

Developer

-

Social

99

Momentum (beta)

55

Stack Rank™

-

Price

$1.73 +2.6%

Market Cap

$1.94B (#46)

Supply

1.09B / 4.29B

Tags

Optimism Ecosystem Layer 2 (L2) Paradigm Portfolio Andreessen Horowitz (a16z) Portfolio GMCI Layer 2 Index

More Metrics

Price
52W High price	$4.69
52W High date	10th Mar 2024 (4 months ago)
All Time High (ATH) Date	6th Mar 2024 (4 months ago)
ATH Price	$4.84
% From ATH	-48.76%
All Time Low (ATL) Date	18th Jun 2022 (2 years ago)
ATL Price	$0.40
% From ATL	517.26%

Supply & Trading Volume
Trading Volume (24h)	$210.56M
Total Supply	4.29B
Max Supply	4.29B
Circulating Supply	1.09B

Less Metrics

Description

Optimism (OP)

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Optimism (OP)

Governance

Optimism (OP) is the token for the Optimism Collective. The Optimism Collective focuses on digital democratic governance, aiming to drive rapid and sustainable growth of a decentralized ecosystem. The Optimism Foundation oversees this process. The OP token supports upgrades to the protocol and network parameters, leading to an ongoing platform for incentives for projects and users in the Optimism ecosystem. Projects on Optimism can apply for grants from the foundation to incentivize participation and development.

Superchain

Optimism is built on the Superchain, a concept of a unified, modular network of blockchains that can support large-scale activity, backed by the open-source OP Stack. This design enables the creation of multiple Layer 2 chains like OP Mainnet, Base, Fraxtal, Mode, Redstone, Zora, and others. These chains can address specific use cases, reducing transaction fees and enhancing the user experience.

Retroactive Public Goods Funding

The Optimism Collective rewards projects and individuals contributing to public goods in the ecosystem through Retroactive Public Goods Funding. This model supports projects in various domains such as DeFi, social apps, wallets, and more, and promotes community-driven development of the platform.

Tokenization

Optimism supports tokenization across its Layer 2 chain network, enabling creatives to represent digital and physical assets on the blockchain as either fungible or non-fungible tokens. These tokens can be traded and managed securely.

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