what’s going on at op with all these folks leaving
good pick up for the ef though
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cryptohuntz
while everyone was focused on the $pump ico (congrats @a1lon9 and team), @circle was quietly putting in a new ath for $usdc market cap, crossing $60.8bn yesterday, up +3.7% in the last 30 days
what chains is the growth happening on?
- $eth mainnet (l1): +5.3%
- $arb eth l2: +7.5%
- $base eth l2: +0.9%
- $op eth l2: +12.0%
- $matic eth l2: +6.1%
- $sol solana: -2.2%
- $avax avalanche: -22.3%
- $xlm stellar: -8.5%
ethereum is the kingmaker and leader for stablecoins, tokenization, and rwas
the ticker is $eth
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Dune
This week in Dune Digest 18:
💥 $40M exploit hits @GMX_IO
📈 Intent surge on @NEARProtocol
🎯 @pumpdotfun fights back with $PUMP
🏆 @maplefinance flips BlackRock’s BUIDL
📊 @centrifuge brings the S&P 500 onchain
Let’s dive in 🧵👇
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Deep Value Memetics
Fund Flow Matrix | BTC ETF, L1, Bridge, DeFi
$BTC ETFs saw $2.7b in inflows this week, pushing YTD inflows to $16.7b and total AUM to $143.2b, marking back to back billion dollar days, underscore strong institutional demand. $ETH ETFs recorded their highest single week inflow of $908m, bringing MTD inflows to $1.1b and AUM to $12b. Netflows were led by $ETH with $736m, while $BASE, $ARB, and $UNI faced notable outflows. On-chain activity favoured $ETH, $SOL, and $ARB, supported by TVL growth in large caps like $TRX, $SUI, and $ETH, alongside mid-caps $HEMI, $ADA, and $CRO.
(Thread)
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World Of Charts
$Op #Op Recently breaks descending trendline, and upon successful retest, it can give a solid rally.
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Convert USD to OP
USD
OP
Optimism price performance in USD
The current price of Optimism is $0.63770. Over the last 24 hours, Optimism has decreased by -6.76%. It currently has a circulating supply of 1,752,186,819 OP and a maximum supply of 4,294,967,296 OP, giving it a fully diluted market cap of $1.12B. At present, Optimism holds the 48 position in market cap rankings. The Optimism/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
To tackle scalability issues and high transaction costs on the Ethereum network, Optimism has emerged as a compelling Layer 2 solution. Functioning as an off-chain network layered on top of Ethereum, Optimism extends the capabilities of the blockchain. Fueled by its native token OP, the platform aims to alleviate Ethereum's challenges and enhance its performance.
What is Optimism
Optimism (OP), also known as Optimistic Ethereum (OE), is a Layer 2 solution built to address the scalability issues of the Ethereum network. At its core, Optimism utilizes a technology known as optimistic rollups. This technology bundles, or rolls up, multiple transactions into a single transaction, significantly improving the speed and cost of transactions. As Optimism is built on top of Ethereum’s architecture, developers and users can make use of the speedy and low-cost transactions whilst having the security of the Ethereum blockchain.
The Optimism team
The Optimism team comprises a group of dedicated blockchain experts, including Jaynti Kanani, Jinglan Wang, Ilya Polosukhin, Ben Jones, Paul Hauner, and Matteo Rizzi.
How does Optimism work
When a user initiates a transaction, it's executed on the Optimism network rather than directly on the Ethereum mainnet. Throughout this process, Optimism maintains communication with Ethereum's Layer 1 and leaves the original network unchanged. This is achieved through optimistic rollups, which consolidate multiple transactions into a single batch submitted to Ethereum.
By adopting this approach, the computational burden on the Ethereum mainnet is lessened, resulting in faster transaction speeds and lower gas fees. Ultimately, Optimism plays a pivotal role in alleviating strain on the Ethereum network, consequently reducing congestion and associated high fees.
Optimism’s native token: OP
OP is the token of the Optimism ecosystem, crucial in securing and powering the Optimism network. The token also serves as incentivizes and rewards for validators who correctly process and confirm transactions. Validators are able to stake OP tokens as collateral, which can be confiscated if they act maliciously.
OP tokenomics
There is a maximum supply of 4,294,967,296 OP tokens. The supply of OP tokens is carefully controlled and released into the market via strategic allocation methods such as staking rewards, developer incentives, and ecosystem grants. This approach ensures a balanced and sustainable distribution of tokens, maintaining the long-term stability and health of the Optimism ecosystem.
OP use cases
The primary purpose of the OP token is governance. This encompasses various essential functions, including allowing token holders to cast votes pertaining to proposed updates to the protocol as well as distribution of incentives for projects through the Governance Fund. Additionally, it facilitates the funding of projects hosted on the Optimism platform. OP holders are also allowed to engage in project management alongside other OP Citizens.
Distribution of OP
OP’s distribution is as follows:
25 percent: Ecosystem fund
20 percent: Retroactive Public Goods Spending (RetroPGF), an experimental spending mechanism designed to align with OP's objective of equating impact with profit.
19 percent: Airdropped to the community
19 percent: Awarded to core contributors
17 percent: Given to investors
Optimism: The road ahead
On the project's horizon is the launch of a public mainnet, marking a significant milestone that will elevate Optimism's capabilities. Looking ahead, Optimism aims to become the leading Layer 2 scaling solution for Ethereum. The project envisions a future where Ethereum's transaction processing capabilities skyrocket to millions per second while upholding its foundational principles of security and decentralization.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.9K new posts about Optimism, driven by 1.1K contributors, and total online engagement reached 278K social interactions. The sentiment score for Optimism currently stands at 92%. Compared to all cryptocurrencies, post volume for Optimism currently ranks at 2773. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Optimism.
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Posts
2,917
Contributors
1,055
Interactions
278,265
Sentiment
92%
Volume rank
#2773
X
Posts
2,872
Interactions
278,211
Sentiment
93%
Optimism FAQ
How much is 1 Optimism worth today?
Currently, one Optimism is worth $0.63770. For answers and insight into Optimism's price action, you're in the right place. Explore the latest Optimism charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Optimism, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Optimism have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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