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Optimism

OP

OP to USD Price

$4.01

Optimism Market Cap

$4.03B

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OP USD price chart / performance

OP USD price chart / performance

Risk warning|
From
Feb 25, 2024
To
Mar 3, 2024

Returns

Returns

Return (24h)
+3.48%
Return (7D)
+8.25%
Return (1M)
+33.08%
Return (1Y)
+57.24%

My Investment

My Investment

Profit Taken
$0.00
0%
Profit/Loss
$0.00
0%
You Have:
$0.00

Optimism (OP) History and Overview

Optimism (OP) History and Overview

Optimism is a layer-two blockchain that operates on top of Ethereum. It leverages the security of the Ethereum mainnet and helps scale the Ethereum ecosystem through the use of optimistic rollups. This means that transactions are recorded trustlessly on Optimism, but ultimately secured on Ethereum. With over $500 million in total value locked, Optimism is one of the leading scaling solutions for Ethereum, hosting 97 protocols, including Synthetix (SNX), Uniswap (UNI) and Velodrome (VELO). Users can access Optimism by adding the chain to their Metamask wallet and bridging tokens like ETH to layer-two.

Optimism is built around four core principles: simplicity, pragmatism, sustainability and optimism. It aims to minimize the number of components while providing a layer-two solution for Ethereum. This approach involves using existing Ethereum code and infrastructure whenever possible and keeping the code as simple as possible.

The ecosystem is driven by the real-world needs and constraints of the team and users, with a focus on building iteratively and gradually implementing features such as EVM equivalence. The design process prioritizes long-term sustainability and avoids shortcuts to scalability. Optimism uses optimistic rollups and takes advantage of the Ethereum consensus mechanism to scale the network. Transactions are executed on layer-two, while batches of transactions are submitted to layer-one. The layer-two does not have a mempool, and transactions are immediately accepted or rejected, providing a smooth user experience while maintaining security.

Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a period of seven days. After that, a transaction is considered final, which is why withdrawals from Optimism to Ethereum take seven days to complete.

How To Buy Optimism or Add it to your Strategy

The fastest, most convenient way to purchase Optimism is to purchase it on ICONOMI. We check Optimism live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Optimism by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Optimism is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Optimism, we recommend you read the next section, as copying might be a better approach.

Add Optimism to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Optimism in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Optimism OP. See all Optimism price predictions in real time and make the best use of their crypto knowledge.

Crypto Index 25
1 Mar, 2024

🤟 Rebalancing Info 01.03.2024 🤟 


Strategy Performance February: +27% 🚀

Winner February: $UNI + 92% 🚀

Loser February: Monero -16% ↘️


Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token. 


There has been 3 changes in the Top25:

3x Out: Monero, $OP, $XLM

22x Rebalanced

3x New: $IMX, $FIL, $STX


Everything is rebalanced back to 4% each.🤟 www.crypto-index-25.de 🤟

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3 people like this
CARUS-AR
1 Mar, 2024

Added one more asset to our strategy: #Optimism $OP. 4% added of this L2 project.

OP Mainnet is a low-cost and lightning-fast #Ethereum L2 blockchain powered by Optimism.

#Coinbase is focused on OP via their project Base.

Nicely diversified across #DeFi #Web3 and #L2 now.

Post image
9 people like this

Not a fan of Solana, too many technical issues. And can't hold em all..

I'm also missing Solana in your portfolio. 🙃

Monthly Structure Change 2024-3

✅ Added $STX $FIL

❎ Removed XMR $OP

🔄 Rebalance Turnover 4.89%

One person likes this
Divine Investing
26 Feb, 2024

We have decided to remove $ARB due to a huge unlock coming up in March and also due to the fact it's been underperforming lately. We're increasing $OP slightly to offset the reduction in Arbitrum.


We are also increasing other assets, primarily buying up $INJ. It is looking very bullish from a technical standpoint and also we believe it is one of the gems of this bull run. We have bought into it around $6 and will most likely continue holding a large chunk of the portfolio in it for the majority of the bull market unless something unexpected happens.


ETFs continue with positive inflows, that's why $BTC does not stop printing green candles. Halving is basically around the corner at this point and it seems that supply shock is coming when taking into the account these two things.


Sooner or later the gains from Bitcoin will start flowing into alts, we believe we have not entered the true altcoin season at all yet, that is when we will see most gains. So far we have only had a few altcoins that have overperformed, but the altcoin market as a whole is still very far off the all time highs.


We are attaching a screenshot of Injective's chart, since we can only add one photo we will share TOTAL3 graph (marketcap of all coins excluding $BTC and $ETH).

Post image
8 people like this

Great adjustment 📈

Avatar
@MomenJaradat
25 Feb, 2024

$STX

Are the Stacks L1 or L2 ?


Layer 1 blockchains are sovereign systems, meaning that the system can exist without anything else.

$BTC & $ETH is a sovereign L1 blockchain.


Layer 2 blockchains, can't exist by themselves, they depend on the underlying L1.

Lightning an L2 can’t exist without the $BTC L1 blockchain.

$ARB , $OP an L2 can’t exist without the $ETH L1 blockchain.


L2 is benefiting 100% from the security of the underlying L1, which also means that the L2 is actually contained fully within the programming abilities of the L1.


$STX

Are the Stacks L1 or L2 ?


L1: This is because Stacks has independent miners as well as a separate security budget in addition to the security benefits that it gets from Bitcoin.

Not L1: Stacks is not a sovereign system, as it cannot exist without Bitcoin.


It’s also not an L2 because it brings functionality that cannot be implemented with Bitcoin script, specifically fully expressive smart contracts.


From my personal point of view, I think that STX is considered something different and there is no specific classification for it in my classification system except that it can be expressed as a mixture between layer1 and layer2!


Why?


It is difficult to consider it as layer 1 and it is difficult to consider it as layer 2.


So I like to see it like a mix.

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5 people like this

They are all tech companies often with utility tokens backed by fried air. I do not consider myself an investment manager, so cannot help you with the categorisation. Tho you can categorise them as you want as long as your ontology is ground based.

@HopefulFutures I agree with you somewhat, though anyway, can you suggest how STX would be classified from our perspective as investment managers?


Usually we look at things from the perspective of the sector, then the Industry group, then the industry and sub-industry.


I have already posted this on several posts


https://www.iconomi.com/asset/DMINDEX?postId=d792d6b1-cf8b-4e49-ac6e-0cbb65284fe1


https://www.iconomi.com/asset/DMINDEX?postId=e07da214-de69-46df-bf61-8462f10f2bd6


https://www.iconomi.com/asset/DMINDEX?postId=4ce84409-a9ab-4e72-b0f2-952ec43888bd


Some examples to clarify the classification system further for you:


ARB, OP

Sector: Blockchain infrastructure.

Industry Group: Blockchain utilities.

Industry: Network scaling  “Layer 2 scaling solution ”.

Sub-Industry: Optimistic Rollups.


LINK, PYTH

Sector: Blockchain infrastructure.

Industry Group: Computing.

Industry: Applications utilities.

Sub-Industry: Oracle.


MATIC

Sector: Blockchain infrastructure.

Industry Group: Blockchain utilities.

Industry: Network scaling “Layer-2 scaling side-chain solution”.

Sub-Industry: Side-chains.


IMX

Sector: Blockchain infrastructure.

Industry Group: Blockchain utilities. 

Industry: Network scaling  “Layer 2 scaling solution ”.

Sub-Industry: ZK-Rollup.


JASMY

Sector: Blockchain infrastructure.

Industry Group: Computing. 

Industry: Information Technology

Sub-Industry: Internet of Things (IoT).


FIL

Sector: Blockchain infrastructure.

Industry Group: Computing. 

Industry: Information Technology.

Sub-Industry: Compute & Private Storage - Shared Storage.



What do you suggest for the STX project to be accurate in my classification system.

The asset must be in one sector, one industry group, one industry and one sub-industry.

It can survive imho. Layer 2 have their own transactional based consensus. Not having a layer 1 does not necessarily mean those system cannot work apart, a code refactoring should be needed probably either to change the L1 they validate their consensus onto or to change their consensus based algorithm to make it fully independent.

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Optimism Price FAQ

What Is the Highest Price of Optimism (OP) in USD?

Optimism (OP) price history shows the highest value of 4.32 USD . We recorded this price on March 3, 2024, but we cannot exclude that a higher price was registered before January 25, 2023.

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