Optimism

Optimism
OP
$0.1005
$0.000648(+0.65%)Today
Market cap
217.05m
Total volume (24h)
40.30m
Volume / Market cap
0.1857
Circulating supply
2.16bn
Day range (24h)
$0.0998$0.1043
All-time low
$0.0889
All-time high
$4.84

About Optimism (OP)

Optimism (OP) is a decentralized cryptocurrency. Today, 23 June 2026 00:23 UTC, OP is currently trading at $0.1 with a market cap of $217,054,980 and 24h volume of $40,297,181.

The all-time high of Optimism was $4.84 and the all-time low was $0.09.

You can buy, sell, manage, and trade OP directly in MetaMask.

Price history

Today (23 June 2026)$0.1005+0.65%
24 hours ago (22 June 2026)$0.0999+0.65%
1 week ago (16 June 2026)$0.1085-7.35%
1 month ago (24 May 2026)$0.13-22.67%
1 year ago (23 June 2025)$0.4851-79.28%

Calculator

OP market moves

Powered by MetaMask Market Insights


24h change: -0.48%. From $0.1026 to $0.1021.

  • Governance approved a proposal in January 2026 to allocate 50 percent of net Superchain sequencer revenue to monthly OP token buybacks for a 12-month period. This creates a direct economic link between network activity across chains like OP Mainnet and the value of the OP token. The program aims to support sustainable value accrual as the ecosystem expands. It represents a shift toward tying token economics more closely to real usage and revenue.
  • Curve Finance launched its Llamalend v2 upgrade first on Optimism in mid-June 2026. The deployment received support from a 250,000 OP token grant from the Optimism Foundation to help bootstrap liquidity. This adds advanced DeFi functionality to the network and demonstrates continued developer and foundation investment. It may drive additional on-chain activity and usage within the OP Stack ecosystem.
  • As of June 2026 the OP token trades around $0.10-$0.11, roughly 98 percent below its 2024 all-time high of $4.84. On-chain data from mid-June showed increased whale accumulation during the period of price weakness. Some analysts have included OP in lists of altcoins that could see capital rotation. The token price remains subdued even as the broader Superchain and OP Stack infrastructure sees development and new DeFi deployments.

24h change: -0.69%. From $0.1035 to $0.1027.

  • Optimism's token unlock schedule includes a release of approximately 31.3 million OP tokens around June 30 to core contributors and investors. This represents one of the last major cliff events in the multi-year vesting plan that has gradually increased circulating supply to over 50 percent of the total 4.29 billion. The event arrives while the token trades near levels seen earlier in June. Completion of the schedule is expected to reduce predictable future supply increases.
  • Since February 2026, governance has directed 50 percent of net sequencer revenue across the Superchain to automatic OP token buybacks. Repurchased tokens fund Retroactive Public Goods Funding to reward ecosystem contributors. The mechanism ties token demand more directly to actual network usage and fee generation on OP Stack chains including OP Mainnet and Base. It remains active as of mid-2026.
  • Base deployed the Beryl upgrade to testnet on June 19 with mainnet activation scheduled around June 25. The upgrade introduces a native token standard and aims for faster withdrawals. World Chain TVL surged over 30 percent in mid-June to approximately $602 million. These developments reflect ongoing technical and adoption progress across OP Stack chains.

24h change: +2.90%. From $0.1006 to $0.1035.

  • Optimism plans to release 31.34 million OP tokens valued at roughly $3.4 million to core contributors on June 30 2026. This represents one of the final notable distributions under the project's vesting schedule which extends in smaller amounts to 2029. The event arrives while OP trades near its all-time low hit earlier in June. It concludes much of the multi-year unlocking process that has gradually increased circulating supply from the initial 4.29 billion total.
  • Curve Finance deployed Llamalend v2 first on Optimism in mid-June 2026 backed by a 250000 OP grant to boost liquidity. Alchemix v3 went live on OP mainnet introducing mix-yield tokens higher LTV vaults and new transmuter features. These moves expand decentralized finance options on the network and align with Superchain growth initiatives. They occur alongside broader efforts to drive usage and revenue that supports OP token buybacks.
  • Optimism mainnet reached 196.7 million transactions and 44.26 transactions per second during Q1 2026. This reflects increasing adoption and improved scalability for the layer-2 network. Activity metrics support the Superchain vision that spans multiple OP stack chains. Revenue from sequencer fees continues to fund OP token buybacks tying token economics more closely to network usage.

24h change: -6.38%. From $0.1074 to $0.1006.

  • Curve Finance deployed the Llamalend v2 upgrade first on the Optimism network in June 2026. The rollout is supported by a 250,000 OP token grant from the Optimism Foundation aimed at boosting liquidity. This integration expands DeFi capabilities on the chain and reflects active protocol development within the OP Stack ecosystem. It matters because it drives real usage and positions Optimism as a hub for advanced lending markets.
  • Market observers noted whale accumulation in OP with net CEX outflows exceeding $12 million in a recent week. Technical analysts highlighted bullish setups if key supports like $0.105 hold, with potential targets above $0.11. This accumulation trend appears alongside broader ecosystem grants and upgrades. It links token demand to ongoing developments in the Optimism network.
  • South Korea's Upbit exchange launched its GIWA Chain using the OP Stack with direct support from the Optimism Foundation. Ronin also migrated from a sidechain to an OP Stack layer 2. These moves expand the ecosystem beyond consumer DeFi into gaming and exchange infrastructure. Optimism provides technical support while chains manage their own sequencers in the self-managed model.

24h change: -0.19%. From $0.1077 to $0.1075.

  • OP Mainnet launched a pilot in late May 2026 allowing users who stake at least 100000 OP to gain priority in transaction ordering. The four-week experiment runs in two phases, beginning with a FIFO approach for qualified stakers and shifting to a model that weights stake size, duration, and gas fees with a cap on the boost. This represents the first change to the chain's transaction ordering rules away from pure gas auctions. The test aims to explore better incentive alignment and could shape future designs for network congestion management across layer 2 ecosystems.
  • Curve Finance launched Llamalend v2 first on Optimism around June 10 2026. The upgrade expands collateral options beyond crvUSD to include LP and PT tokens, adds soft liquidations, and introduces a dedicated risk curator. Optimism supported the deployment with a 250000 OP token grant to bootstrap liquidity. The move strengthens DeFi activity on the network and aligns with broader Superchain growth.
  • Governance-approved in early 2026, the program directs 50 percent of net Superchain sequencer revenue toward monthly purchases of OP tokens. The bought-back tokens support ecosystem initiatives such as retroactive public goods funding. This creates a direct link between network usage across OP Stack chains and the economic value of the OP token. Updates throughout 2026 continue to reference the mechanism as Superchain activity grows.

Start swapping

Get OP in seconds

Buy, sell, trade, and swap OP on MetaMask, crypto's most trusted wallet.

Ready to try MetaMask?

Ready to try MetaMask?