Optimism
About Optimism
The price of Optimism (OP) is $1.44 today, as of Sep 16 08:19 p.m., with a 24-hour trading volume of $137.85M. Over the last 24 hours, the price has decreased by -5.75%. Optimism currently has a circulating supply of 1.19B and a market cap of $1.72B.
Optimism (OP) is the native token of Optimism, a Layer 2 network for the Ethereum blockchain that seeks to cut down settlement times and lower transaction costs.
OP has a total supply of 4.294 billion. The first 5% of this was distributed in an airdrop on May 31, 2022.
The airdrop went to those who met a variety of criteria before March 25, 2022, including swapping tokens on Optimism’s blockchain and voting on governance proposals. Most of the 248,699 eligible wallets have claimed their airdrop, according to a dashboard on Dune Analytics.
However, the airdrop did not go as planned. It slowed down the blockchain, and some users managed to claim OP before Optimism “officially” announced the airdrop on social media. The token was worth $4.57 at launch and quickly fell to $0.79 hours later before recovering to about $1.37 by June 3.
A further 14% of the token’s total supply is reserved for future airdrops, with 19% to go to core contributors, 25% to an ecosystem fund and 17% to investors. A final 20% will go to “Retroactive Public Goods Funding,” – where Optimism’s community rewards projects that have provided public goods.