Price has increased by 130.39% in the last 1 year.
Optimism is currently trading 38.43% above the 200-Day SMA which is $1.44.
The 14-Day Relative Strength Index (RSI) is at 47.99 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
The number of green days in the last 30 days is 14 which is 47%.
Over 21.22% of the total supply is in circulation.
Has high liquidity with 0.24118 volume to market cap ratio. The current market cap is $1.94B while the 24-hour volume is $467.44M
OP comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist.
Ethereum's mainnet (layer 1) is layered with Optimism, a layer two chain. Optimism handles transactions, but data about them is collected on the mainnet for validation. A highway offers the safety of a side street but has the less crowded feel of a side road.
According to Defi Llama, it has smart contracts with a total value of $313 million, making it the second-largest Ethereum layer 2. The first place goes to Arbitrum with $1.32 billion.
A derivative liquidity protocol called Synthetix ranks first among the Optimism protocols, with a total value locked (TVL) of $125 million. The chain'schain's second most commonly used protocol is Unswap, a decentralized exchange (DEX). On Optimism, 35 protocols have smart contracts containing at least $1,000 as of this writing.
Kevin Ho, Karl Floersch, and Jinglan Wang co-founded Optimism in 2019. Data from Crunchbase indicates that the company raised $178.5 million so far in 2022.
The Optimism blockchain network supports all Ethereum decentralized apps, which is one of its key attributes. Increasing speeds and decreasing transaction costs are achieved by running all computations off-chain. The Ethereum blockchain, however, records all transaction details.
Scalability can be achieved without sacrificing security with Optimism, one of the best attempts at scaling Ethereum. On Optimism's infrastructure, transaction speeds have soared while costs have been reduced to a fraction compared with Ethereum's mainnet.
Rollups, specifically optimistic rollups, are used by Optimism.
As the name implies, rolls combine (or bundle) hundreds of transactions, such as non-fungible token (NFT) mints and token swaps. On the Ethereum mainnet (layer 1), these transactions are combined into a single transaction. A blockchain transaction, or ""gas,"" fee, can be calculated by combining so many transactions into one transaction, conveniently distributing the charge across everyone involved.
Optimistic rollups are referred to as such because they assume valid transactions until proven invalid. The transaction computations concerning available state data can be challenged during a time window when fraud proofs can be submitted. Fraud-proof calculations are reimbursed by Optimism. This process is described in more detail here.
The issue of state bloat in Ethereum can be addressed by Optimism as one of several potential solutions. There is a lot of capacity on the Ethereum network, and until upgrades to the main blockchain save the day, scaling solutions like Optimism ensure that Ethereum'sEthereum's decentralized finance industry will be able to grow and stay helpful to those who cannot afford it.
A scaling solution that uses optimistic rollups is the protocol. Ethereum users can also save on fees by using Arbitrum and Boba Network. Immutable X, Loopring, and ZKSync also operate zero-knowledge rollups.
In the same way that Arbitrum lacks a native cryptocurrency to pay for gas fees, Optimism lacks a native cryptocurrency as well. In the same way as Arbitrum, it uses ETH. The Decentralization of Optimum is still in beta, as with Arbitrum.
Community contributions are at the heart of the Ethereum ecosystem. There is no free labor involved in the development process. As the Ethereum Foundation does, the Optimism Collective coordinates developers.
A handful of venture capital firms, including Andreessen Horowitz and IDEO Colab, provide funding for Optimism. A total of $178.5 million has been raised by Optimism thus far. With an inflation rate of 2% annually, optimism tokens, or OP, are not limited in supply.
The circulating supply of OP is 234.7 million. Optimism Collective, the public, and investors will have access over the next four years.
To introduce the OP token to the public, the Collective airdropped it on May 31. The Optimism network was jammed by the high demand for the token.
In the coming months, Optimism will conduct even more airdrops, which will be announced on its social media channels.
This is one of the newest Layer 2 solutions for Ethereum, optimistic. As Ethereum's blockchain continues to develop, it could play a critical role. As the world's most popular blockchain, Optimism has had scalability problems, which inhibited its growth.
Optimism allows users to reduce transaction costs and speed up transactions by utilizing innovative roll-up technology. The Virtual Optimism Machine (OVM) offers developers an alternative to other rollup technologies and sidechains for deploying their apps. OVM allows developers to deploy smart contracts with only a few tweaks to their code.
The philosophy behind Ethereum is as unique as its technology: its mission is to support Ethereum's values by producing infrastructure that promotes the growth and sustainability of public goods. In addition to this, the initiative has a well-known investor, a large following, and an extensive road map.
$ 297.10 million ($ 297,099,508)
$ 400.73 million ($ 400,732,027)
|Fully diluted market cap|
$ 8.01 billion ($ 8,014,640,578)
214.75 million OP (214,748,364.00 OP)
4.29 billion OP (4,294,967,296.00 OP)
4.29 billion OP (4,294,967,296.00 OP)
Where is the Optimism (OP) coin available?
Optimism (OP) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy Optimism (OP)
The current price of the Optimism(OP) is $2.13, with a current market cap $1,938,116,952.54.
The maximum supply of the Optimism(OP) is around 4.29B.
OP is a ticker symbol of the Optimism.
At the movement,911.29M Optimism tokens are already in the market out of 4.29B OP.
No, It is not a stablecoin.
Optimism had an all-time low of $0.40.
Optimism had an all-time low of $0.40.
No, the Optimism (OP) coin cannot be mined.
The current Optimism price is $2.13. In the last 24 hours, Optimism price has gone up by 23.35%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Optimism price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Optimism at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging OP against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Optimism can be earned or received in various ways. OP considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the OP, including OP to PHP, OP to INR, OP to NGN, OP to THB, OP to CAD, OP to PKR, OP to IDR , OP to EUR , OP to AUD , OP to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
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Optimism price today is $2.13 USD, which is Up by 23.35% over the last 24 hours. There has been an hourly Rise by 1.71%. Optimism's market cap currently sits at $1,938,116,952.54 USD, holding up for a market cap rank at #38. The volume were at $467,438,260.85 USD Optimism ranks no 38 in the market capitalization of Optimism is at $1,938,116,952.54 and its volume for 24 hours is $467,438,260.85. Optimism are under circulation, with total supply of 4.29B and the Maximum supply of 4.29B.
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