Optimism OP
Rank #145 by market cap
Last 7 days
CM Profile: Optimism
Cryptominium Profile. What we have established, measured and written about OP, and what we have not.
- Measured
- Selling $100,000 on 2 exchange order books lost between 0.48% and 0.93%, on 4 November 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold OP. How each part is worked out
What changed
Week to 4 November- Price down 0.6% since 28 October.
- On Kraken, $100,000 now costs 0.93% to sell, against 0.53% over the previous month.
The price fell and selling got more expensive.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell OP
Selling $100,000 of OP into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Coinbase OP/USD | 0.48% | $99,521 | 2026-11-04 |
| Kraken OP/USD | 0.93% | $99,070 | 2026-11-04 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps OP on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What Optimism is
Optimism is a network of blockchains called the Superchain, built on an open-source framework known as the OP Stack. OP Mainnet was the first chain to use it; others now running on the OP Stack include Base, Unichain, Ink, and World Chain, built respectively by Coinbase, Uniswap, Kraken, and Worldcoin. The source describes the OP Stack as the leading framework for Ethereum Layer 2 chains, powering most L2 activity.
Each chain in the Superchain contributes back to the Optimism Collective under a standardized revenue-sharing rule: whichever is greater of 2.5% of total chain revenue or 15% of onchain profit (fees minus L1 gas costs) is paid to Optimism. The stated aim is to align incentives across chains so that scaling Ethereum becomes self-reinforcing — cheaper transactions on each chain, with a cut flowing back to fund further development. OP, the token, carries governance rights: holders vote on protocol upgrades and funding decisions.
OP is a governance token, not a claim on the revenue-sharing payments described above — those flow to the Optimism Collective's treasury, not directly to token holders, and the source does not say otherwise. Classification services group it under Layer 2, Rollup, and Optimism Ecosystem categories, and it appears in indices such as the GMCI Layer 2 Index, which reflects how it's categorized rather than how it performs. The measured deployment here is a single chain, optimistic-ethereum; the broader Superchain narrative spans many chains, but that breadth is architectural, not a property of the token's own contract footprint. Governance votes do not guarantee any particular outcome for holders, and participation in Optimism's governance does not equate to control over the independently operated chains — Base, Unichain, Ink, World Chain — that also use the OP Stack.
What Optimism can do
Selling $100,000 on Coinbase lost 0.48% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 4 November 2026
OP does not run applications. It was launched as a governance token: holders vote on protocol upgrades, token allocations, adjusting inflation and elections.
Source: Optimism docs: capital allocation · checked 2 October 2026
OP was created in May 2022 with an initial supply of 4,294,967,296 tokens. That figure is not a ceiling: adjusting inflation is one of the matters holders vote on.
Source: Optimism docs: capital allocation · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where OP lives
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
Optimism data synced 2m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell OP.