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OP

Optimism

OP

Live Optimism price in India

₹187.6

4.36%

Currency

Optimism Market Insights

Market Cap

₹0

Fully Diluted Market Cap

₹0

Volume 24H

₹0

Circulating Supply

0 OP

Total Supply

0

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1 Optimism equals to 187.6 INR

As of Invalid Date

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Things to know about Optimism

What is Optimism (OP)?

Optimism (OP) operates as a layer-two blockchain on top of Ethereum and utilizes optimistic rollups to scale the Ethereum ecosystem while retaining Ethereum's security. Optimism hosts 97 protocols, including major projects like Synthetix (SNX), Uniswap (UNI), and Velodrome (VELO). Users participate by adding the chain on Metamask and bridging tokens to L2. Optimism’s OP token provides holders with participation rights in The Optimism Collective's governance system, consisting of two tiers: Token House and Citizens' House. Token House oversees technical decisions like software upgrades, while the Citizens' House governs public goods funding choices.

Things to consider before buying Optimism

It cannot support all functions of Ethereum’s smart contracts.

The fraud-prevention mechanism within Optimism makes withdrawals a little longer than just on Ethereum

Optimism is dependent on Ethereum and its consensus mechanism, ie. Proof-Of-Stake.

The total supply of OP, ie. 4.2 billion optimism is in circulation according to Coinmarketcap (August 2023)

The TVL of OP, according to DefiLlama, is $877.51m (August 2023)

Reasons to buy Optimism (OP)

Optimism has reduced gas fees by over 47% after the bedrock update.

It is compatible with Ethereum as it is built on the network and helps scale up the Ethereum network.

It provides improved security and finality of transactions on Ethereum.

Optimism’s adoption is rapidly growing by developers and Ethereum users.

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Pratik Poddar

Pratik Poddar

Partner, Nexus Venture Partners

Was feeling a bit lost on what to do with the current market conditions but the conversation with Mudrex’s relationship manager was really helpful. Got some genuine, unselfish advice. Highly recommend giving them a call.

Rahul Arkram

Rahul Arkram

Partner, Nexus Venture Partners

Absolutely used to hate updating my crypto portfolio manually. This is a real need that Mudrex is addressing! Big ups👍💯

Frequently asked questions about buying OP in India

Have a question that is not answered? You can contact us at help@mudrex.com

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