Optimism Price

Optimism is the native governance token of the Optimism network, a Layer 2 scaling solution for Ethereum. Launched in May 2022, OP is used for protocol governance and incentivizing network participation. As of 2026-02-08, OP ranks 123 by market cap at $0.1959, with a 24-hour trading volume of $1.73M. The token has a circulating supply of 2.11B OP and a total supply of 4.29B OP. Optimism plays a crucial role in the Optimism ecosystem, allowing holders to vote on protocol upgrades and resource allocation. The token's price has ranged from an all-time low of $0.1646 to an all-time high of $4.84. With its focus on scalability and lower transaction costs, Optimism aims to drive adoption of Ethereum-based applications and contribute to the growth of the broader decentralized finance ecosystem.

Optimism was created on May 31, 2022. The project launched its native governance token OP on this date, marking the official creation of the cryptocurrency. OP was introduced as part of the Optimism ecosystem, which aims to provide a low-cost, high-speed Layer 2 scaling solution for Ethereum. Since its creation, Optimism has gained significant traction in the crypto space, currently ranking 123 with a price of $0.1959 and a market cap of $414.52M as of 2026-02-08. The token plays a crucial role in the governance of the Optimism protocol and has seen widespread adoption among DeFi projects and users seeking more efficient transactions on Ethereum.

The founders of Optimism are Jinglan Wang, Karl Floersch, and Ben Jones. They established the project in 2019 with the goal of scaling Ethereum and making it more accessible. Jinglan Wang serves as the CEO, Karl Floersch as the Chief Technology Officer, and Ben Jones as the Chief Scientist. Together, they bring extensive experience in blockchain technology and Ethereum development to the Optimism project. Their vision for Optimism is to create a low-cost, high-speed Layer 2 solution for Ethereum that maintains security and decentralization. Since its launch, Optimism has grown to become one of the leading Layer 2 scaling solutions for Ethereum under their leadership.

Optimism works as a Layer 2 scaling solution for Ethereum, utilizing optimistic rollups to increase transaction speed and reduce costs. Here's how it operates: 1. Transactions are batched and processed off-chain on the Optimism network. 2. Transaction data is then compressed and posted to the Ethereum mainnet as calldata. 3. There's a 7-day challenge period where anyone can dispute the validity of transactions. 4. If no challenges occur, the transactions are finalized on Ethereum. 5. OP token is used for governance and paying transaction fees on the network. 6. Validators stake OP to participate in securing the network. 7. Optimism achieves up to 2,000 transactions per second, compared to Ethereum's ~15. 8. Fees on Optimism are typically 10-100 times lower than on Ethereum mainnet. As of 2026-02-08, OP is ranked #123 with a price of $0.1959. It has a 24-hour trading volume of $1.73M and a market cap of $414.52M. The circulating supply is 2.11B OP OP out of a total supply of 4.29B OP OP.

Optimism utilizes a Layer 2 scaling solution built on top of Ethereum, employing Optimistic Rollups technology. This architecture allows for faster and cheaper transactions while inheriting Ethereum's security. Key components include: 1. Sequencer: Batches transactions and submits them to Ethereum 2. State commitment chain: Stores compressed state updates on Ethereum 3. Fraud proofs: Enables challenge of invalid state transitions 4. Canonical transaction chain: Orders transactions deterministically 5. Bridge contracts: Facilitate asset transfers between L1 and L2 This design enables Optimism to achieve significantly higher throughput and lower fees compared to Ethereum's base layer, while maintaining strong security guarantees. The OP token plays a crucial role in governance and incentivizing network participants. As of 2026-02-08, Optimism ranks #123 with a price of $0.1959 and market cap of $414.52M.

The future of Optimism looks promising. As a leading Layer 2 scaling solution for Ethereum, OP aims to continue improving transaction speeds and reducing costs. Key roadmap items include: 1. Scaling improvements: Enhancing throughput and efficiency to handle more transactions. 2. Ecosystem expansion: Growing the number of dApps and services built on Optimism. 3. Governance enhancements: Refining the DAO structure for more decentralized decision-making. 4. Interoperability: Improving connections with other blockchain networks. 5. Sustainability initiatives: Focusing on environmentally-friendly blockchain solutions. By 2027, OP is projected to reach $0.2331. Long-term price predictions estimate $0.282 by 2028, $0.3825 by 2031, and potentially -- by 2036. However, these projections are speculative and subject to market conditions. Optimism continues to innovate in the Layer 2 space, aiming to become a cornerstone of Ethereum's scaling strategy and drive wider blockchain adoption.