Optimism price OP

What is Optimism?

Optimism is one of the biggest Ethereum layer-2 networks. It uses a technique called an optimistic rollup to bundle transactions off-chain and settle them on Ethereum, giving users much lower fees and faster transactions while keeping Ethereum’s security. Its token, OP, is mainly a governance token, steering the Optimism Collective.

Optimism is also the home of the OP Stack, an open-source toolkit for building interoperable layer-2 chains. Coinbase’s Base network is built on it, part of a shared “Superchain” vision.

Following the live Optimism price

On this page you will find the live Optimism price in both US dollars and euros, with the context you need to read the market. The chart opens on the last 7 days by default, and you can switch to 24 hours, 7 days, 1 month, 3 months, 6 months or a full year. Pick a period with the buttons and the chart updates on the spot.

It is a quick way to set short-term swings against the longer trend before you decide anything.

Market data at a glance

Beside the live rate, the page brings together:

• The intraday high and low.
• Market capitalisation in dollars (B for billion, M for million).
• Combined trading volume across the major exchanges.
• The amount of OP in circulation.
• The all-time high, the date it was set and how far below it the price sits now.
• Where you can buy OP.
• Links to the official website, whitepaper and social channels.

Convert OP and see the real cost

The calculator turns any amount of OP into dollars or euros instantly, and it works in reverse too. Alongside it sits an exchange fee calculator, so you can see what a trade really costs after fees and roughly how much OP you would end up with, not just the headline rate.

Historical Optimism data

Under historical data you can look back at past prices on any date, shown in dollars as the market standard, with the matching trading volume and market cap.

Optimism’s price story

• May 2022: the OP token launches through a community airdrop and trades around a dollar.
• 2022: it dips under selling pressure, bottoming below 0.50 dollars in the bear market.
• early 2024: a layer-2 boom carries OP to its all-time high near 4.80 dollars.
• since: a long decline, even as the OP Stack comes to power more chains, including Base.

OP’s value is tied to the growth of Ethereum’s layer-2 ecosystem as a whole.

What moves the Optimism price?

The value of OP reflects supply and demand, with layer-2 growth and a large token supply both playing a part. The main drivers:

Why the value climbs

• Growth in activity across Optimism and OP Stack chains.
• Upgrades that make transactions even cheaper.
• New chains joining the Superchain.
• A strong crypto market and risk-on sentiment.

Why the value drops

• Token unlocks adding fresh supply.
• Intense competition from Arbitrum and zero-knowledge rollups.
• Market-wide downturns or a global crisis.
• A buy the rumour, sell the news reaction.

These are not the only factors, but they cover most of the moves. For more, follow our latest Ethereum news and our altcoin news.