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Optimism (OP) Price
 

Optimism (OP) Price

$0.72968 4.09%

24H
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ERC20

Latest Updates

Updated at 13:16

Market cap

$1,297,840,998.66 

Market rank

#69 

Volume 24H

$122,046,133.21 13.26%

Price change 24h

+$0.02982 4.09%

Price change 7d

+$0.03009 4.12%

What about Optimism?

Optimism is a low-cost and lightning-fast Ethereum L2 blockchain. Ethereum is one of the most popular blockchain platforms for developing decentralized applications (dapps). However, the network has been facing scalability issues, resulting in high gas fees and slow transaction times. To address this problem, various layer 2 (L2) solutions have emerged, and Optimism (OP) is one of them.

Optimism is a decentralized L2 scaling solution for Ethereum that aims to improve the network's performance and provide a better user experience. It uses a technology called Optimistic Rollups, which allows for faster and cheaper transactions while retaining Ethereum's security and decentralization.

The concept behind Optimistic Rollups is simple. Instead of executing transactions on the main Ethereum chain, the transactions are processed off-chain on the Optimism network. Once a group of transactions is processed, a proof is generated and submitted to the Ethereum network. This proof is verified by the Ethereum nodes, and the results are recorded on the main chain.

This process significantly reduces the transaction fees and time, making it easier for developers to build dapps on Ethereum. Also, it increases the network's capacity, enabling it to handle more transactions without compromising its security.

One of the primary benefits of Optimism is its speed. Transactions on the Optimism network are processed in seconds, whereas transactions on the Ethereum network can take minutes or even hours. This makes it suitable for building real-time applications that require fast transaction times.

Another advantage of Optimism is its low transaction fees. Since the transactions are processed off-chain and the proof is submitted to the Ethereum network, the gas fees are significantly lower than using the main Ethereum chain. This makes it easier for developers to build applications that require micro transactions.

Buy Optimism Without Any Hassle

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FAQ

What determines the price of Optimism?

The price of Optimism is determined by a range of factors, including supply and demand, market news and events, investor sentiment, and competition from other cryptocurrencies.
Investors can follow the performance of OP on various platforms, including online exchanges and price-tracking websites like Changelly. By monitoring market news and keeping up to date on the cryptocurrency's performance, investors may gain insights into its prospects and make informed investment decisions.
However, it's worth keeping in mind that cryptocurrency prices are highly volatile and can fluctuate rapidly, so you should exercise caution and conduct your research before investing.

What was the starting price of Optimism?

The starting price of an asset refers to the price at which it debuted on the market.
The change in price is due to various factors, including mainstream acceptance of the cryptocurrency, the size of the initial offering, and the level of demand from investors.
You can find historical price data for OP on Changelly's real-time charts. They offer valuable insights into the cryptocurrency's past performance and can help you make informed investment decisions.
When investing in cryptocurrencies, keep in mind that prices can change quickly due to market conditions and other factors.

What was the highest price of Optimism?

The highest price of Optimism refers to the highest value that it has ever achieved on the market. This can be influenced by a range of factors, including market demand, investor sentiment, and the overall health of the cryptocurrency ecosystem.
You can track real-time prices of OP with just a few clicks on Changelly. Our platform provides you with access to historical price data so you can easily analyze the performance of the cryptocurrency over time. Interactive charts make it super easy to understand and help you stay on top of market trends, identify key price points, and keep up with the latest industry developments all in one place.
It is important to note that the highest price ever reached by a cryptocurrency in the past does not always mean it is going to do well in the future. So, before investing, you should exercise caution and do your research.

What was the lowest price of Optimism?

Cryptocurrencies are known for their volatile nature, and their prices can fluctuate rapidly in a short period. As a result, traders are always keen to know the lowest price of a cryptocurrency to assess its potential risks and returns.
With Changelly's live charts, you can easily view historical price data for a wide range of cryptocurrencies, including Optimism. Our charts provide a wealth of information on the performance of an asset, including its lowest price point.
It is crucial to remember that the crypto's previous lows do not mean it is doomed to fail. Before making any investments, take your time to research and proceed with caution.

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