OP

Optimism

OP
Layer 2Rank #28Ethereum

$0.1275

+3.99%24h
+10.52%7d

Market Cap

$270.07M

Volume 24h

$48.95M

Vol / Market Cap

18.13%

Rank

#28

OP Price Chart

About Optimism

Optimism is a Layer 2 scaling solution for Ethereum based on optimistic rollups.

Optimism is an Ethereum Layer 2 network based on optimistic rollups that improves scalability and lowers transaction fees for decentralized applications.

How It Works

A Layer 2 network for Ethereum that prioritizes simplicity and cost-effectiveness. Like Arbitrum, it uses Optimistic Rollups to reduce the data load on the main Ethereum chain, making dApps faster for the end user.

Use Cases

Public Goods Scaling: Used for governance of the Optimism network, with a focus on funding open-source development and public goods through its transaction revenue.

Tokenomics

Public Good Funding: An Ethereum Layer 2 that uses its fee revenue to fund "Public Goods" (open-source projects). The token is used for governance of the "Optimism Collective" and its dual-house voting system.

Risks & Considerations

Complexity of the "Superchain" vision leads to liquidity fragmentation across dozens of interconnected rollups.

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