![]() You can find more details about Optimism on its official website and on the block explorer. Optimism's current share of the entire cryptocurrency market is 0.11%, with a market capitalization of $ 1.99 Billion. Optimism’s 24 hour trading volume is $ 137.78 Million. The current circulating supply of Optimism is 911.29 Million tokens, and the maximum supply of Optimism is 4.29 Billions. Optimism's All Time High (ATH) of $ 3.24 was reached on, and is currently -32.8% down. Optimism's current price is $ 2.18, it has dropped -1.13% over the past 24 hours. If you're building something in the Ethereum ecosystem, you can consider applying for the grant. 5.4% of the total token supply will be distributed to projects on Optimism over the next six months via governance. OP governs upgrades to the protocol and network parameters, and creates an ongoing system of incentives for projects and users in the Optimism ecosystem. The Optimism Collective is a large-scale experiment in digital democratic governance, built to drive rapid and sustainable growth of a decentralized ecosystem, and stewarded by the newly formed Optimism Foundation. A total of 231,000 addresses were eligible to claim 214 million OP tokens for free (known as an airdrop). OP is the token for the Optimism Collective that governs the Optimism L2 blockchain. Optimism launched its OP token on May 31. This append-only list forms the Optimism blockchain. Optimism blocks are held within an append-only list inside of the CTC. This simplicity gives Optimism's design a number of significant advantages over other more complex L2 constructions.Īll Optimism blocks are stored within a special smart contract on Ethereum called the CanonicalTransactionChain (or CTC for short). Ideally, Optimism should be composed of the minimum number of moving parts required for a secure, scalable, and flexible L2 system. It is using the N/A algorithm and a N/A coin proof type. Optimism is designed to be as simple as possible for the featureset it provides. Optimism (OP) is not a mineable cryptocurrency which is first started on November 11, 2021. Optimism price bearish as 24.Optimism is a low-cost and lightning-fast Ethereum L2 blockchain. Supply 911.29M, Total Supply 4.29B & Trading Volume 423.03M. Converting this level as support might extend the surges towards $1.800 – 7% beyond current prices. Current Optimism (OP) token data: Price 2.19, Market Cap 1.98B, Circ. Such developments could propel the alt to $1.723. Nonetheless, the crypto market has displayed resilience, and Optimism could see a bull resurgence. Failure to steady above this footing might call the support at $1.449, leading to a 15% plunge from current prices. Smit Vachhani, Head of DeFi at OP Labs, walks us through the basics of what Optimism is, how it works, how it's positioned within the Ethereum ecosystem, current growth drivers, challenges, and plans for the future. Magnified selling activities could plunge Optimism prices towards the psychological level of $1.600. Optimism a Layer 2 scaling solution for Ethereum. Also, Awesome Oscillator’s red histogram bars indicate bear advantage. That shows investors could be escaping more losses. The southbound RSI signals weakening buying momentum. Meanwhile, the Relative Strength Index highlights further dips for the asset (considering surged bear actions). Optimism lost the $1.723 mark (the mean level of the supply region stretching between $1.653 and $1.818. OP price outlook amid immense token unlock Moreover, the 24-hour active addresses have plummeted, confirming reduced addresses transacting OP. Santiment data shows the project hasn’t seen fresh cash flow lately. Meanwhile, the current situation shows Optimism will likely dip. The digital coin’s price saw wild volatility during the previous unlock events, fluctuating 10% up and down before and after. Stay up-to-date with the latest Optimism (OP) crypto coin price, market cap, and chart data to make informed decisions about your cryptocurrency investments. These individuals will likely sell the asset for quick returns, translating to magnified bearishness for the crypto. Meanwhile, the project will allocate the unlocked coins to core contributors and investors. That represents 2.74% of Optimism’s overall supply. The OP network will unlock 24.16 million coins, worth around $40.59 million, on Thursday, November 30. On November 30th at 12:00 PM, Optimism token ($OP) will unlock 24.16 million tokens (approximately $43.73 million), constituting 2.74% of the circulating supply.
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