Optimism Coin Market Cap Guide and Insights

Optimism coin has seen significant growth in its market cap, currently standing at over $1 billion.

This impressive growth can be attributed to the increasing adoption of Optimism's layer 2 scaling solution, which has been gaining traction in the Ethereum ecosystem.

One of the key drivers of Optimism's success is its ability to provide fast and low-cost transactions, making it an attractive option for developers and users alike.

Optimism's market cap is expected to continue growing as more projects and users migrate to its platform.

The current market cap of Optimism is a significant factor in its overall value.

The price of 1 Optimism currently costs $1.66, which is a crucial aspect of its market cap.

This price point directly affects the total market capitalization of Optimism, making it a vital consideration for investors and traders.

Market cap is a measure of an asset's total value, and a high market capitalization implies that the asset is highly valued by the market. This is evident in the case of Optimism, which has a market cap of $2.24B.

Market capitalization is calculated by multiplying the total number of outstanding shares by the current market price of each share. A high market cap can indicate a strong brand or a well-established business model.

A high market cap can also attract more investors, as it suggests a lower risk and a more stable asset.

The current value of Optimism is a great place to start. The market capitalization of Optimism is a whopping $2.24B, indicating that the asset is highly valued by the market.

Optimism's current price is $1.66, which is a relatively stable number. However, the price can fluctuate over time, as we'll see in a moment.

Looking at the price change over the past few days, we can see that Optimism has dropped significantly. Here's a breakdown of the price change over the past 30, 60, and 90 days:

As you can see, Optimism's price has dropped significantly over the past few months. Its all-time high of $4.85 was reached on 6 Mar 2024, and it's currently down -65.6%.

The current Optimism price is $1.66, a 7.64% decrease in the last day. This significant drop has impacted its market value, which is now at $2,245,594,992.

Optimism's trading volume in the last 24 hours is $128,443,249. Its circulating supply is 1,351,719,035 OP coins.

The current market capitalization of Optimism is $2,245,594,992. It has a max. supply of 4,294,967,296 OP coins.

Optimism's price has plummeted by 23.17% in the last 7 days. Its current rank on the market is #50.

The Optimism price is 65.57% below its all-time high.

The total supply of OP tokens is over 4.2 billion. This is a significant amount of tokens that will be circulating in the market.

25% of the tokens are held in the ecosystem fund, which is a substantial amount dedicated to supporting the Optimism ecosystem.

Tokens on Chain are unique digital assets that exist on a blockchain, allowing for secure and transparent transactions.

Each token on a chain has its own distinct characteristics, such as its name, symbol, and total supply, which are all stored on the blockchain.

The blockchain acts as a public ledger, recording all token transactions and ensuring that the total supply of tokens remains accurate.

Tokens can be transferred between users on the blockchain, creating a decentralized and trustless system for token ownership.

By using smart contracts, tokens can be programmed to have specific rules and restrictions, further enhancing their functionality and security.

The use of tokens on chain has numerous benefits, including increased security, transparency, and efficiency in transactions.

The Optimism token, OP, has a total supply of over 4.2 billion tokens.

25% of the OP tokens are held in the ecosystem fund, which suggests that the project is committed to supporting its own growth and development.

19% of the tokens went to investors, which is a significant allocation, indicating that the project has attracted substantial investment.

Another 19% were allocated to key players in the ecosystem, which could include developers, contributors, and other stakeholders.

20% of the tokens were dedicated to retroactive public goods funding, a unique approach that rewards public goods and services that have already been created.

19% was set aside for airdrops, which is a way to distribute tokens to a large number of users at once.

5% was dropped during the initial airdrop, which suggests that the project wanted to get the token into as many hands as possible from the start.

14% were set aside for future drops, indicating that the project plans to continue distributing tokens to users over time.

If you're looking to buy or sell Optimism, the most active exchanges to consider are Binance, Kraken, and Kucoin. These platforms offer a range of trading pairs, including OP/USDT on Binance.

The most popular Optimism trading pairs are OP/USDT on Binance, OP/USDT on Huobi Global, and OP/USD on Coinbase.

Trading and exchanges are always buzzing with activity. Currently, 182.12M of OP were traded within 24 hours of time.

This level of trading activity is significant, with $302.31M changing hands within the past 24 hours through trading. That's a change of -7.86%.

If you're looking to buy and sell Optimism (OP), you'll want to know the best exchanges to use. The most active and dominating exchanges for buying and selling Optimism are Binance, Kraken, and Kucoin.

Binance is a popular choice for trading OP, with the OP/USDT pair being one of the most active.

Kraken and Kucoin are also solid options, offering a range of trading pairs for Optimism.

The Optimism coin has an initial token supply of 4,294,967,296 OP tokens.

The inflation rate is a modest 2% per year, which helps maintain the value of the token.

The token allocation is divided among various groups, including ecosystem fund, retroactive public goods funding, user airdrops, core contributors, and investors.

Here's a breakdown of the token allocation:

In the first year, 30% of the initial token supply will be made available to the Foundation for distribution.

The initial token supply of Optimism (OP) coins is 4,294,967,296 tokens.

The inflation rate of OP coins is 2% per year. This means that the total number of coins in circulation will increase over time.

In Year 1, 30% of the initial token supply will be made available to the Foundation for distribution. This amounts to 1,278,290,288 OP coins.

After the first year, token holders will vote to determine the Foundation's annual OP distribution budget. The Foundation expects to seek the following annual allocations:

According to the data, the average daily circulation of a newspaper is around 250,000 copies.

This number can vary greatly depending on the location and type of publication. In urban areas, circulation can be as high as 500,000 copies per day.

The majority of newspapers are still printed on paper, with only a small percentage being digital. In fact, it's estimated that around 90% of newspapers are still in print.

Online readership is on the rise, however, with some publications reporting a significant increase in digital subscribers. For example, one study found that online readership increased by 25% in just one year.

The demographics of newspaper readers are also worth noting. Research shows that the majority of readers are between the ages of 45 and 65, with a slight bias towards females.

In terms of education, newspaper readers tend to have a higher level of education, with around 60% holding a college degree or higher.

Optimism coin market cap has a significant impact on the overall cryptocurrency market. Optimism is a layer-2 scaling solution for Ethereum, aiming to increase transaction capacity and reduce gas fees.

The Optimism protocol has a native token, OP, which serves as a governance token and a fee payment mechanism. OP token holders can participate in decision-making processes and influence the development of the Optimism protocol.

As of the last update, the Optimism coin market cap is relatively low compared to other major cryptocurrencies.

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Optimism's highest price was $4.83, reached on March 7, 2024.

What's the significance of this price? It shows that Optimism has seen a notable peak in its value.

Optimism's highest price was 10 months and 6 days ago.

Optimism's value can be checked in real-time, showing its current price in various currencies.

You can easily find out the current price of Optimism in different currencies, making it simple to stay informed.

The price of Optimism can fluctuate, so it's a good idea to check it regularly for the most up-to-date information.

Optimism's price can be found in a variety of currencies, including those commonly used for cryptocurrency transactions.