DeFi Intel

OP — Optimism

OP is the native token of Optimism, currently ranked #27 by market capitalisation in the Layer 2 category with an approximate circulating market cap of 3.2B. This page provides live price data, tokenomics, recent news flow, and peer comparison drawn from the DeFi Intel research database.

Live price & chart

Tokenomics

SymbolOP
CategoryLayer 2
Market cap rank#27
Approx market cap$3.2B
Total supply4,300,000,000
Circulating supply1,500,000,000
Max supply4,300,000,000
Inflationary?No (hard cap)

Issuer

op labs is the principal issuing or sponsoring entity for OP.

Chains

OP is live on the following chains:

Recent news

Comparison to peers

The closest peers of OP in the Layer 2 category by market-cap rank:

Audit history

OP smart contracts have been audited by recognised firms; the DeFi Intel /audits/ index lists the latest engagements. As with any DeFi asset, audits reduce but do not eliminate residual risk.

Risk factors

Key risk factors for OP: competitive pressure from other chains and L2s, validator/sequencer centralisation; large remaining unlock schedule — token-emission schedule is the dominant near-term flow risk. Sizing should reflect the principal's tolerance for these risks; the DeFi Intel research desk views OP risk as commensurate with its category mean.

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