Optimism
OP
Explore Optimism
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Investment Risk
Baseline risk
All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.
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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
About Optimism
Optimism is a layer two protocol and smart contract platform that aims to enable low-cost and near-instantaneous Ethereum transactions. The OP cryptocurrency powers the Token House, which will be a division of the Optimism Collective alongside the Citizens' House. The Collective governs network parameters, treasury disbursements, and protocol upgrades.
Resources
Optimism (OP) is a layer-2 blockchain that operates on top of Ethereum, aiming to scale the Ethereum ecosystem by using optimistic rollups. This means transactions are recorded on Optimism but ultimatley settled on Ethereum, benefiting from Ethereums consensus mechanism. The Optimism Foundation, a nonprofit organization, leads Optimism with the goal of growing the Optimism ecosystem. The foundation is funded by donations and grants and strives to produce infrastructure that promotes the growth and sustainability of public goods.
Optimism operates with a focus on simplicity, pragmatism, and sustainability. It aims to keep its code as simple as possible, using proven Ethereum code and infrastructure when possible. The ecosystem is driven by the real-world needs and constraints of its team and users, aiming to build iteratively and implement features gradually. Optimism uses optimistic rollups and leverages the consensus mechanism of Ethereum to scale the network. Blocks are constructed and executed on Optimism (L2), while user transactions are batched up and submitted to Ethereum (L1). Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time. After this period, a transaction is considered final.
Optimism's potential use cases involve enhancing Ethereum's scalability and efficiency. This includes supporting faster and more cost-effective transactions (compared to transacting directly on an L1) for Decentralized Finance (DeFi) platforms, enabling minting of Non-Fungible Tokens (NFTs), and providing infrastructure for Decentralized Autonomous Organizations (DAOs). It also caters to a better user experience in blockchain-based gaming and various decentralized applications (DApps), making these platforms more accessible and user-friendly. Optimism thus plays a crucial role in expanding the practicality and reach of Ethereum's blockchain technology.
Optimism is led by the Optimism Foundation, which is dedicated to growing the Optimism ecosystem. The foundation is completely funded by donations and grants and pledges to produce infrastructure that promotes the growth and sustainability of public goods. The foundation has set several milestones for the development of Optimism, including the introduction of Optimistic Rollup, the launch of the EVM Compatible Testnet, and the opening of the Mainnet. The foundation is working on decentralizing the sequencer and implementing next-generation fault proofing. The initial token supply of Optimism was 4,294,967,296 OP tokens, with a token generation rate of 2% per year.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
United Kingdom Market Stats
£2.0B
£159.2M
1.1B OP
9 days
#45
£3.81
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
United Kingdom Market performance
+0.25%
-3.8%
-6.33%
-6.17%
-17.35%
+70.67%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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Social
Some highlights about Optimism on social media
511 unique individuals are talking about Optimism and it is ranked #238 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Optimism has an average sentiment score of 4 out of 5. Finally, Optimism is becoming more newsworthy, with 0 news articles published about Optimism. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Optimism. There were 51.61% of tweets with bullish sentiment compared to 16.13% of tweets with a bearish sentiment about Optimism. 32.26% of tweets were neutral about Optimism. These sentiments are based on 62 tweets.
On Reddit, Optimism was mentioned in 0 Reddit posts and there were 0 comments about Optimism. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
511 people