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OP — Optimism
An add-on network that bundles many Ethereum payments and thereby makes them cheaper.
What it is for
- Set out to
- Cheaper Ethereum transactions through a rollup.
- Today in addition
- The OP Stack as a kit for further chains, the Superchain federation.
- Notable
- Revenue sharing by the chains running on the kit with the collective.
- Strength
- A widely used chain kit.
- Weakness
- Base announced a switch to its own code in February 2026 and had previously been the main source of that revenue.
Contract address
Chain: OP Mainnet
0x4200000000000000000000000000000000000042
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
42of 93
Market capitalization
$221Mas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#11840numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | did not yet exist |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.4860481.20 satJune 22, 2025 | $4.716,874 satMarch 9, 2024 | in dollars +$0.3870 (+79.6%)against Bitcoin +47.1%from $0.4860 on June 22, 2025 to $0.8730 on August 13, 2025 | in dollars -$4.22 (-89.7%)against Bitcoin -93.0%from $4.71 on March 9, 2024 to $0.4860 on June 22, 2025 |
| Year by year |
| 2022: in dollars +8.4% (from $0.8460 to $0.9170) · against Bitcoin +3.3% |
| 2023: in dollars +300.9% (from $0.9240 to $3.70) · against Bitcoin +57.5% |
| 2024: in dollars -56.2% (from $3.99 to $1.75) · against Bitcoin -79.3% |
| 2025: in dollars -58.2% (from $1.81 to $0.7590) · against Bitcoin -68.3% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.0820126.76 satAugust 18, 2026 | $0.1122144.32 satAugust 23, 2026 | in dollars +$0.0302 (+36.8%)against Bitcoin +13.9%from $0.0820 on August 18, 2026 to $0.1122 on August 23, 2026 | in dollars -$0.0258 (-23.0%)against Bitcoin -22.9%from $0.1122 on August 23, 2026 to $0.0864 on August 30, 2026 |
| Year by year |
| 2026: in dollars +4.0% (from $0.0970 to $0.1009) · against Bitcoin -20.3% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure2 of 20
Starting valuation and size leverage10 of 14
Survivability8 of 12
Relative strength against Bitcoin4 of 6
the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 5, 2026.
The figures in detail
Price, as stored$0.0965
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceJune 2022
Age since listing4.26 years
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked15 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
For this asset the summarized finding has not yet been transferred to this page. The individual reasons for all twelve criteria are in the assessment file Follow-up A2, September 4, 2026.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.