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Home Optimism Price
Day Week Month Year
You pay
You get
1 EUR = 1.859800 OP
+1.25%
The live price of Optimism is € 0.49 per (OP / EUR) with a current market cap of € 867,743,727.69 EUR. 24- hour trading volume is € 153,839,586.90 EUR. OP to EUR price is updated in real-time. Optimism is +1.25% in the last 24 hours with a circulating supply of 1,752,186,819.00.
OP Price History EUR
Date Comparison
Today
€ 0.49
+1.25%
30 Days
€ 0.60
-21.75%
60 Days
€ 0.59
-20.72%
90 Days
€ 0.65
-32.99%
About Optimism (OP)
Optimism (OP) is a layer 2 scaling solution designed to enhance the scalability and usability of Ethereum by processing transactions off-chain while maintaining the security of the Ethereum mainnet.
 
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People Also Ask: Other Questions About Optimism

Buying Optimism (OP) is a straightforward process once you understand the steps involved. Here’s a quick guide to help you purchase Optimism (OP) tokens:
 

1. Choose a Wallet for Optimism (OP) Before purchasing Optimism (OP), you’ll need a compatible wallet to store your tokens. Optimism is an Ethereum Layer 2 solution, so you'll need a wallet that supports Ethereum-based assets. Here are some options:

Choose a wallet that fits your security needs and ease of use.

- Hardware Wallets: Physical devices that store your tokens securely offline (e.g., Ledger, Trezor).
- Software Wallets: Apps you can download to your phone or computer (e.g., MetaMask, Trust Wallet).
- Web Wallets: Online wallets managed by a third party (e.g., Coinbase Wallet, MyEtherWallet).
 

2. Register and Verify Your Account on a Cryptocurrency Exchange To purchase Optimism (OP), you’ll need to use a cryptocurrency exchange that supports OP. Here’s a general guide on how to get started:

- Create an Account: Go to the exchange’s website and click the "Register" or "Sign Up" button.
- Complete the Registration Form: Enter your email address, create a username, and set a strong password.
- Verify Your Email: After registering, check your email for a verification link. Click the link to verify your email address.
- Verify Your Identity: Follow the platform’s instructions to complete identity verification. This may involve uploading a photo ID and providing additional personal information.
 

3. Buy Optimism (OP)

- Deposit Funds: Once your account is verified, deposit funds into your exchange account. You can typically use bank transfers, credit cards, or cryptocurrency deposits.
- Select Optimism (OP): Go to the trading section of the exchange, find Optimism (OP) in the list of available cryptocurrencies.
- Place an Order: Choose the "Buy" option, enter the amount of OP you want to purchase, and review the details.
- Complete the Purchase: Confirm your order and complete the payment using your deposited funds.
- Transfer to Your Wallet: After purchase, transfer your OP tokens from the exchange to your personal wallet for added security. To do this, navigate to your exchange account's withdrawal section, enter your wallet address, and complete the transfer.
 

4. Keep Your Wallet Secure

- Backup Your Wallet: Regularly back up your wallet to prevent loss of access.
- Enable Two-Factor Authentication (2FA): Enhance security by enabling 2FA on both your wallet and exchange accounts.
- Use a Hardware Wallet: For larger amounts, consider using a hardware wallet to store your OP tokens securely offline.
 

By following these steps, you’ll be well on your way to purchasing and securely storing Optimism (OP) tokens.

The total supply of Optimism (OP) tokens is capped at 4.29 billion coins. This fixed supply is designed to provide scarcity and help manage inflation over time. As of now, a portion of the total supply has been released into circulation, while the rest remains in reserve or is planned for future distribution.

Optimism (OP) tokens are distributed through various mechanisms, including initial allocations, grants, and incentives for network participants. The distribution and release schedule is typically outlined in the project's tokenomics and governance plans. Unlike Bitcoin, which has a mining reward system, Optimism's token distribution does not involve mining. Instead, OP tokens are primarily allocated through governance processes, staking rewards, and ecosystem incentives.

The overall supply of OP tokens will gradually be introduced according to the project's release schedule, with a significant portion already available to the community and investors. After reaching the total supply limit, no new OP tokens will be created, and the focus will shift to the management and utilization of the existing supply within the Optimism ecosystem.

Optimism (OP) operates differently from Bitcoin in terms of its network and token distribution. Here’s a detailed look at the process for Optimism (OP), which is a Layer 2 scaling solution for Ethereum, rather than involving mining like Bitcoin:

- Transaction Processing and Verification Optimism enhances Ethereum’s scalability by processing transactions off-chain and then rolling them up into batches that are submitted to the Ethereum mainnet. This approach reduces the computational load on Ethereum while still leveraging its security. The transactions processed on Optimism are aggregated into batches called "rollups."

- Batching and Commitment Transactions are grouped into batches and then submitted to the Ethereum mainnet as a single rollup. This rollup includes a summary of the transactions, cryptographic proofs, and other necessary data to ensure correctness and consistency. The commitment process involves posting these rollups to the Ethereum mainnet to be verified.

- Rollup Verification While the Optimism network itself does not rely on mining, the verification of rollups involves consensus mechanisms and smart contract execution on Ethereum. Validators on the Optimism network ensure that transactions are correctly processed and that rollups are valid before submitting them to Ethereum. This process is essential to maintaining the integrity and security of the transactions.

- Reward Distribution Instead of mining rewards, Optimism (OP) tokens are distributed through various mechanisms, including incentives for validators, network participants, and contributors. These rewards are often used to encourage participation and secure the network.

- Network Security Optimism enhances Ethereum’s security by leveraging the underlying Ethereum network. The rollup technology ensures that any disputes or errors in the transaction processing can be challenged and corrected. This system relies on the Ethereum mainnet's security to prevent fraud and ensure that all transactions processed on Optimism are accurate and tamper-proof.

The all-time high and all-time low prices of Optimism (OP) reflect its journey since inception:

- All-Time High
Optimism (OP) reached its all-time high price on April 16, 2024, when it peaked at approximately $8.45 USD. This peak occurred during a period of strong interest and adoption in Ethereum Layer 2 solutions, driven by increased use of Optimism’s scaling technology and growing institutional and retail enthusiasm for Ethereum-based projects.

- All-Time Low
Optimism (OP) had its all-time low price on August 1, 2021, when it was valued at around $0.40 USD. This low point was early in the token's life cycle, reflecting the initial volatility and the early stage of adoption for Optimism’s technology and the broader Ethereum Layer 2 ecosystem.

These price points illustrate the significant volatility and growth potential in the cryptocurrency space, showing how Optimism has evolved from its early stages into a more established component of the Ethereum scaling solutions landscape.

Storing Optimism (OP) tokens securely is essential to protect your investment and ensure safe access to your assets. Here’s a guide on how to store OP tokens:


1. Choose the Right Wallet Various types of wallets are available for storing Optimism (OP) tokens, each offering different levels of security and convenience:


- Hardware Wallets: These physical devices store your private keys offline and are considered the most secure form of storage. They are ideal for holding large amounts of OP tokens securely. Examples include Ledger and Trezor, which support Ethereum-based tokens like OP.
- Software Wallets: These are applications that you can download to your computer or smartphone. They are more convenient for frequent transactions but can be vulnerable to online threats. Examples include MetaMask and Trust Wallet, which support Ethereum Layer 2 tokens.
- Paper Wallets: This method involves printing your private and public keys and storing the paper securely. It’s a form of cold storage that protects against online threats but can be lost or damaged.
- Web Wallets: Also known as online wallets, these are hosted by third parties and accessible via the internet. They are convenient for frequent transactions but less secure since the third party controls the keys. Examples include wallets provided by exchanges like Coinbase or Binance, which may support OP.
 

2. Backup Your Wallet Backing up your wallet is crucial to protect against data loss or device failures. For software and mobile wallets, this typically involves writing down a recovery phrase (12-24 words) generated by your wallet. Store this recovery phrase in a secure location separate from where you keep your wallet.
 

3. Use Strong Security Measures

- Encrypt Your Wallet: Use a strong password to encrypt your wallet, safeguarding your tokens from unauthorized access.
- Enable Two-Factor Authentication (2FA): Add an extra layer of security by enabling 2FA on any service that supports it.
- Keep Software Updated: Regularly update your wallet software to protect against security vulnerabilities.
 

4. Consider Your Needs


- For Daily Use: Keep a smaller amount of OP tokens in a more accessible wallet that you use frequently.
- For Savings: Store the majority of your OP tokens in a more secure environment, such as a hardware wallet or another form of cold storage.
 

5. Secure Your Environment


- Physical Security: If using paper or hardware wallets, consider secure storage options such as a safe deposit box or a personal safe.
- Cybersecurity: Ensure that your computer and any devices used to handle cryptocurrencies are free from malware and have robust security measures in place.
 
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