Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism's EVM-equivalent architecture scales your Ethereum apps without surprises.

Optimism is one of the layer 2 scaling solutions. It’s powered by a technology called Optimistic rollups, which bundle large amounts of transaction data into digestible batches. Optimism is much cheaper to use than Ethereum, and it’s increasingly becoming popular along with other layer 2s, such as Arbitrum.

Optimism is governed by its eponymous token or OP for short. A portion of the OP supply was airdropped to early Optimism users in late May 2022 in a turbulent launch.

Optimism is a layer 2 chain, meaning it functions on top of the Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to the mainnet where they are validated. It’s like driving on a less crowded side street while benefiting from the security of a highway.

Optimism is the second-largest Ethereum layer 2 with a total of $313 million locked into its smart contracts, as of this writing, according to Defi Llama. Arbitrum comes first with $1.32 billion.

Optimism uses a technology called rollups, specifically Optimistic rollups.

from optimism.core.fact_hourly_token_prices
where symbol = 'OP'
and day >= '2022-10-25'

from ethereum.core.fact_hourly_token_prices
where symbol = 'WETH'

where symbol = 'MATIC'
where symbol = 'WETH'
where symbol = 'WBTC'
where symbol = 'WBNB'
where symbol = 'WAVAX'

from solana.core.fact_token_prices_hourly
where symbol = 'SOL'

OP price of OP Vs. Other tokens

:key: Key Finding: :key: The OP price has the most minor change difference with Matic.

The highest price of BNB was on November 5th. On this day, the price of BNB is 366.9 in USD; also, on this day, the price of OP is 1.32.

The highest price of BTC was on November 5th, with 21.3k and the price of OP on this day was 1.32.

The highest price of Matic was on November 7th, with 1.21. On this day, the price of OP was more than Matic. The price of OP on this day was 1.27.

The highest price of ETh was on November 5th with 1641, and the OP price on this day was 1.32 USD.

Price change per token

:key: Key Finding: :key: The most negative price change was on November 5th.

On November 5th, the price of Sol dropped the most. On this day, the price of SOL decreased by almost 48, the price of AVAX dropped by ~34, the price of OP dropped by 28.6, the price of BNB decreased by 25.7, the price of Matic decreased by almost 22.6, the price of ETH dropped by almost 18, and the price of BTC dropped the least by almost 11.

Change of OP Price Vs. ETH Since December 25

:key: Key Finding: :key: The most positive change percentage of OP price compared to ETH was on December 14th. On this day, the price of OP increased by almost 0.3, and the percentage of change is almost 27.

Swap From and To OP token

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Transfers OP Token from CEX to optimism and optimism to CEX

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Inflow and Outflow Net Vs. OP Price

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OP Transfers Vs. OP Price

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OP Price correlation with transfer volume

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Average transfer amount