Optimism

24h change: -3.47%. From $0.1056 to $0.1019.

• Toss, a major South Korean super app, started a three-month proof of concept for a won-backed stablecoin using Optimism's OP Stack and Sunnyside Labs privacy technology. The pilot evaluates settlement, KYC, AML rules, and transaction privacy for regulated financial use on a public blockchain. It marks the fourth regulated financial institution to adopt the OP Stack in the past year after Bitpanda, Kraken, and Mitsui. This signals growing institutional interest in compliant onchain payment infrastructure in Asia.
• Optimism governance approved a plan to direct 50 percent of net Superchain sequencer revenue toward recurring monthly OP token buybacks over a 12-month pilot. The program links the token's value more directly to usage and economic activity across OP Stack chains. Superchain generated millions in revenue in the prior year. This creates sustained buy pressure tied to network growth rather than external factors.
• Recent L2 data places Optimism with roughly $1.48 billion in value secured and significant user operations per second on OP Mainnet. The broader Superchain sees robust transaction volumes even as value remains concentrated in top networks like Arbitrum and Base. OP Stack powers multiple chains including those used for institutional pilots. These metrics highlight ongoing development and usage independent of near-term token price.

24h change: +1.10%. From $0.1047 to $0.1059.

• South Korea's Toss super app, used by over 30 million people or two-thirds of the country, signed an MOU with Optimism and Sunnyside Labs. The three-month proof of concept tests whether the OP Stack can support a regulated KRW-pegged stablecoin for payments while meeting compliance, privacy, and performance needs. Kyu-ha Kim of Toss highlighted evaluating throughput, compliance, and costs. The collaboration could expand onchain adoption in a major regulated market.
• Exchanges including Bybit supported Optimism's network upgrade scheduled for July 8, 2026 at 16:00 UTC. Deposits and withdrawals were temporarily paused to ensure a smooth transition. The upgrade is part of ongoing technical improvements to the OP Stack and Superchain. It coincides with broader ecosystem efforts including enterprise-focused offerings like OP Enterprise for reliable infrastructure.
• Kraken-incubated Ethereum L2 Ink upgraded to Optimism's OP Enterprise Fully Managed service in a multi-year deal. Optimism will handle production infrastructure while Ink focuses on ecosystem growth and financial products. The move includes improved uptime, shorter withdrawal windows, policy engines, and plans for 200ms blocks by end of 2026. It reflects growing enterprise use of the OP Stack.

24h change: +2.01%. From $0.1028 to $0.1049.

• South Korea's Toss, a super app with over 15 million users, signed an MOU with Optimism and Sunnyside Labs on July 8, 2026. The three-month pilot will evaluate whether the OP Stack can support a regulated KRW-pegged stablecoin for institutional payments, focusing on throughput, compliance, privacy, and costs. Toss's chief business officer noted the importance of assessing feasibility in South Korea's regulated environment. This follows Toss's earlier plans to issue a won-backed stablecoin.
• Bybit announced support for the Optimism network upgrade that took place on July 8, 2026 at 04:00 PM UTC. Deposits and withdrawals on the OP network were temporarily suspended shortly before the upgrade to facilitate a smooth transition. This upgrade forms part of ongoing technical improvements across the OP Stack and Superchain ecosystem. Similar support was noted from other platforms.
• Optimism governance approved a program directing 50 percent of net Superchain sequencer revenue toward recurring OP token buybacks and burns. The initiative, which began implementation earlier in 2026, aims to link the token's economics more directly to network activity. It runs for a defined period following community vote and reflects efforts to align incentives across the ecosystem.

24h change: +4.38%. From $0.0985 to $0.1028.

• Optimism governance approved a proposal in January 2026 to allocate 50% of net Superchain sequencer revenue to recurring monthly OP token buybacks over a 12-month period. The plan aims to more closely align the economic success of the Superchain with value accrual for the OP token. It has received strong community support and remains an ongoing program as of mid-2026.
• A weekly unlock around July 6 2026 introduced new OP supply equivalent to 1.62% of the circulating amount valued at roughly $9.15 million. These scheduled releases continue to create selling pressure even as ecosystem usage grows. Market participants watch how revenue-funded buybacks interact with this inflation.
• In June 2026 Kraken-incubated Layer 2 network Ink upgraded to Optimism's OP Enterprise Fully Managed infrastructure under a multi-year agreement. Optimism will handle production infrastructure while Ink focuses on ecosystem growth and financial products. This reflects continued demand for OP Stack technology among institutional and scalable blockchain projects despite some chains adjusting their technical dependencies.

24h change: -5.53%. From $0.1042 to $0.0985.

• Approximately $9.15 million worth of OP tokens entered circulation on July 6 2026. This represents a 1.62 percent increase to the circulating supply and follows the project's regular vesting schedule. The unlock occurs alongside the established buyback program that uses Superchain revenue to repurchase OP tokens. Such events can contribute to near-term selling pressure observed in recent price action.
• Governance approved directing 50 percent of net Superchain sequencer revenue toward monthly OP buybacks in a 12-month pilot. The initiative began in early 2026 and represents one of the first direct ties between an L2 token and ecosystem usage fees. It aims to create sustainable demand for OP as activity across OP Stack chains grows. The program continues to operate following its approval.
• Four regulated entities across Europe the US Japan and Korea have chosen the OP Stack in the past year for their blockchain initiatives. A proof of concept with Toss in Korea will test a Won-backed stablecoin on the network while meeting local compliance standards. Kraken-incubated Ink upgraded to OP Enterprise Fully Managed in a multi-year deal allowing Optimism to operate its infrastructure. These developments highlight focus on programmable compliant onchain financial products.