What is Optimism?

Optimism (OP) is an Ethereum Layer-2 network token currently ranked 160th by market capitalization across all crypto assets we track. L2 networks scale Ethereum by batching transactions and posting compressed proofs back to the L1, lowering fees while inheriting Ethereum security guarantees.

Market position

At the current price of $0.1290, Optimism carries a market capitalization of $277.41M. Daily trading volume across exchanges sits at roughly $36.68M. That works out to a 24-hour turnover of about 13.22% of the float — elevated turnover, often a signal of active narrative-driven trading.

Price action across timeframes

Over the past 24 hours, Optimism has moved -0.44%; over the past week, Optimism has moved -11.80%; over the past 30 days, Optimism has moved ++5.77%; over the past year, Optimism has moved -82.51%. The trend reads as broadly negative across timeframes — short-, mid-, and long-term momentum align downward.

Cycle position

Optimism is currently trading far below its all-time high (all-time high of $4.87, -97.4% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.0990, current pricing represents a +30% recovery.

Supply & dilution

The circulating supply stands at 4,294,967,296 OP. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.

Volatility profile

Recent price action puts Optimism in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the past 30 days, the 30-day move totals +5.77%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Optimism

A balanced read on OP typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is OP performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Optimism (OP) is a Layer 2 scaling solution for Ethereum that enhances transaction speed and reduces costs by utilizing Optimistic Rollups. It aims to provide a seamless experience for decentralized applications while maintaining Ethereum's security. Source: CoinPaprika.com