AD
Market Cap (Mcap)
Rank
#62Mcap
$2.23BFully Diluted Mcap
$7.09BSupply
Circulating
1,351,719,035Total
4,294,967,296Created On
N/AAll Time High (ATH)
ATH
$4.84ATH Change
-65.83%ATH Date
Mar 6th, 2024Total Value Locked (TVL)
TVL
N/AMCap to TVL Ratio
N/AFDV to TVL Ratio
N/A
Your Daily Summary of Everything Important
Never miss a minute! Get crypto, defi, and macro recaps sent to your inbox.
Fastest growing newsletter in crypto - read today's!
Optimism Chart
Price
Volume
Market Cap
Other coins
Weekly Reports: A Deep Dive into Crypto and NFT alphas
If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHALearn about Optimism
Optimism News
Dec 8, 2024
Gaming
What Is ‘Eve Frontier’? How to Start Playing CCP's Survival Game on Ethereum
Legendary game developer CCP Games this week lifted the lid on Eve Frontier, a space survival game set in the Eve Online universe that features blockchain integration. Initially referred to as Project Awakening, Eve Frontier appears to have a lot of similarities to the massive Eve Online game, but with more of a survival focus—and the ability to use crypto tokens and blockchain code to impact and reshape the game in new ways. With such a prestigious development studio behind it, hopes are high...
Nov 3, 2024
Technology Guides
What Are Layer-2 Networks and Sidechains? Ethereum Scaling Explained
Blockchain infrastructure has evolved to encompass an ecosystem of layer-1 and layer-2 networks. In this article we’ll explore the difference between the two, and how layer-2 networks and other scaling methods like sidechains attempt to address the scalability challenges of layer-1 blockchains. What are layer-2 networks? Simply put, layer-2 networks are blockchain networks that live atop a layer-1 network such as Ethereum, with the layer-1 network providing the base layer of infrastructure and s...
Oct 24, 2024
DeFi
Crypto Exchange Kraken Launching Ethereum Layer-2 Network Ink
Cryptocurrency exchange Kraken has unveiled Ink, an Ethereum-based layer-2 blockchain powered by Optimism's OP Stack. Ink will offer on-chain wealth management tools for seasoned digital asset traders and crypto-curious clients, Kraken said Thursday in a joint statement with the Optimism Collective. The network, which rolls out on testnet in November, will be interoperable with Optimism's Superchain, a network of layer-2s that share security and infrastructure. “As part of the Superchain, Ink i...
Oct 17, 2024
Technology
Why Worldcoin Built an Ethereum Network Specifically for Humans
Worldcoin, newly rebranded World—the crypto-fueled, eyeball-scanning identity platform co-founded by OpenAI CEO Sam Altman—launched the mainnet for its own Ethereum layer-2 network called World Chain on Thursday. World Chain is rolling out with the goal of bringing millions of verifiable human users onto the blockchain, in addition to promoting the development of digital identity tools and applications that promote financial freedom, its core team told Decrypt. Many blockchains are dominated by...
Sep 12, 2024
Gaming
‘Eve Frontier’ Survival Game Is Being Built on Ethereum, CCP Reveals
Eve Online creator CCP Games announced Thursday that its upcoming survival-centric blockchain game, previously referred to as Project Awakening, will launch as Eve Frontier instead—and that it’s being built within the Ethereum ecosystem. Eve Frontier, as it has been rebranded, is an on-chain space simulation game that players will be able to mold and expand as they see fit—and they must collaborate or face certain doom, CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG earlier...
Aug 23, 2024
Technology
Sony’s Long-Awaited Ethereum Layer-2 Chain to Launch in Coming Weeks
Sony Group has finally pulled back the curtain on Soneium, an Ethereum layer-2 blockchain developed in partnership with Web3 infrastructure provider Startale. Driven by a joint venture between Sony and Startale—known as Sony Block Solutions Labs—Soneium marks the company's initial steps towards developing a fully realized blockchain. The network, planned for launch in the coming weeks, will initially operate on a testnet in collaboration with Astar Network, a blockchain platform known for its mu...
May 21, 2024
Markets
Ethereum Soars 20%, Lifting Arbitrum and Optimism
Rumors of a potential approval of Ethereum spot ETFs have fueled a full day of gains for the Ethereum ecosystem, with the price of ETH skyrocketing 20% intraday to just shy of $3,700—trading at $3,687 at time of writing—and sister tokens Arbitrum (ARB) and Optimism (OP) both notching gains of 18% on Monday. The optimistic mood had already spread to other cryptocurrencies, including Solana (SOL) and Avalanche (AVAX), which are peaking above $40 and $188 respectively, as of this writing, represent...
May 1, 2024
Gaming
Redstone Network Launches to Power Fully On-Chain Ethereum Games
Redstone, a new Ethereum scaling network designed for fully on-chain games and “autonomous worlds,” launched its mainnet today—with a number of early games already available for play. Developed by Ethereum startup Lattice, Redstone was built via Optimism’s OP Stack scaling tech. But it’s much more than a rebranded riff on the layer-2 tech that also powers networks like Base and Zora—Redstone has been significantly retooled for the needs and demands of video games, particularly those that use blo...
Apr 26, 2024
DeFi
Ethereum Allies: Arbitrum Team Helps Optimism Avoid ‘High Risk’ Vulnerability
The on-chain competition is always watching, but sometimes it will be compelled to help. Offchain Labs, the core team behind the Ethereum layer-2 scaling network Arbitrum, recently uncovered several security issues in a testnet version of Optimism, a separate Ethereum layer-2 scaling network created by OP Labs. After fixes were implemented, the issues were detailed Friday in a blog post published by Offchain Labs co-founder Ed Felton. As the potential vulnerability was found in Optimism’s system...
Mar 20, 2024
Technology
How Much Has the Ethereum Dencun Upgrade Cut Layer-2 Gas Fees?
Heralded by Ethereum developers as the technical milestone they’d been “dreaming of,” last week’s Dencun upgrade was supposed to forever alter the Ethereum ecosystem—by making transactions on its layer-2 networks exponentially cheaper and thus more accessible. One week later, how do things stand? On the whole, Dencun has delivered exactly as promised. Across layer-2 networks that have already integrated the software update, gas fees have plummeted to unprecedented lows, in most cases by over 9...
Mar 13, 2024
Markets
Ethereum L2s Arbitrum, Optimism and Polygon See Gains Ahead of Dencun Upgrade
Just hours to go until the Dencun upgrade goes live on Ethereum mainnet, the tokens of layer-2 scaling solutions like Arbitrum, Optimism, and Polygon have all seen hefty gains. Arbitrum is the only one to have seen double-digital gains as the Ethereum community counts down the minutes to Dencun. Its ARB token has risen 11% in the past day and 7.5% compared to this time last week. ARB rose as high as $2.25 early Wednesday morning, but has since settled to $2.20 at the time of writing. Arbitrum is...
Feb 7, 2024
Technology
What's Next for Farcaster? Frames Are Just the Start, Says Co-Founder
It’s been a wild 10 days for decentralized social media startup Farcaster, which catapulted from relative obscurity to crypto industry darling last week after debuting a novel feature for independent developers. Overnight, activity on the network increased exponentially, dramatically broadening its reach. That growth caught many in the industry by surprise—including Farcaster’s leadership. (Video by Rug Radio Creator Benjamin White.) “We thought it was going to be popular,” Farcaster co-found...
Feb 6, 2024
The Projects
Farcaster Explained: The Blockchain-Powered Decentralized Social Media Protocol
Farcaster is a decentralized social media protocol built with a focus on interoperability, user autonomy, and privacy. Leveraging blockchain technology, it aims to solve the prevalent issues of censorship, privacy breaches, and centralization that plague traditional social media platforms. But what sets Farcaster apart in the crowded space of decentralized applications (dapps)? (Video by Rug Radio Creator Benjamin White.) Technical underpinnings Blockchain Basis: At its core, Farcaster runs on...
Feb 5, 2024
Technology
What Is Farcaster and Why Is Crypto So Excited About the Twitter Alternative?
In the last two years—particularly, since Elon Musk’s divisive purchase and overhaul of Twitter in late 2022—a number of upstart decentralized social media protocols have attempted to harness the transparent, uncensorable power of blockchain networks to improve the online social experience. Farcaster is the latest such project to do so. Now, it’s making waves after releasing a key update that has attracted thousands of new users in a matter of days. Here's why Crypto Twitter is so optimistic abo...
Nov 13, 2023
Business
Former Polygon Labs President Ryan Wyatt Joins Ethereum Layer-2 Optimism
Four months after departing Polygon Labs, Ryan Wyatt is joining the team supporting a totally different Ethereum scaling network: Optimism. On Monday, the former Polygon Labs president was announced as the Chief Growth Officer for Optimism Unlimited, a newly created subsidiary of the Optimism Foundation. Wyatt will build a team to support adoption and development on Optimism across a variety of functions, including business development, marketing, partnerships, and beyond. Ahead of the announcem...
Sep 12, 2023
Markets
Optimism Flips Arbitrum Market Cap Amid Crypto Market Downturn
Monday’s carnage in the crypto market on Monday caused the market cap of Arbitrum to slip below that of rival project Optimism. Arbitrum’s governance token ARB dropped to a new all-time low of $0.745, according to data from CoinGecko, while Optimism’s OP token gained 6.8% in the past 24 hours to trade at $1.33. Currently, ARB has recovered some of its losses and is trading at $0.782, at par with yesterday’s price. The flipping of the two projects’ market caps occurred due to considerable liquida...
Aug 18, 2023
DeFi
Another Crypto Bridge Collapses as DeFi Lender on Optimism Suffers $7 Million Attack
Continuing the trend, another decentralized finance (DeFi) protocol bridge has been hacked, according to the project and various security firms. Exactly, a credit market on the Optimism network, said early Friday that it was “actively investigating a security issue within our protocol.” It added that the protocol was temporarily paused, but users could still withdraw assets. Security firm PeckShield said on Twitter that it had “detected an ongoing attack.” Furthermore, blockchain security firm...
Aug 11, 2023
Technology
Ethereum DeFi Dashboard DeBank Launches Layer-2 on Optimism’s OP Stack
DeFi blockchain explorer platform DeBank has announced DeBank Chain, a new layer-2 blockchain built on Optimism’s OP Stack. Billed as an “asset later for social,” DeBank Chain is built as an optimistic rollup which claims to have reduced the “L1 data storage gas cost by 100 to 400 times.” The OP Stack is a blockchain development standard by Optimism team on which new layer-2 blockchains can be built. DeBank, a DeFi portfolio visualisation and blockchain explorer platform for Ethereum and other E...
Jun 13, 2023
NFTs
You Can Mint This Ridiculous Song About Vitalik Buterin as a Free NFT
The crypto community has, historically, adorned certain male founders with reputations so epic they verge on myth—from Zeus-like Bitcoin founder Satoshi Nakamoto, to hero-turned-villain Sam Bankman-Fried, and his once-friend and now nemesis, the ever-mysterious Binance CEO Changpeng Zhao. Still, none of them have yet been equated, in a rousing Eurodisco dance track, to the Empire-ending, mythically well-endowed Russian mystic and holy man Rasputin. That changed this week with “V Buterin,” a sing...
Apr 1, 2023
DeFi
An Arbitrum Airdrop and Two zkEVM Launches: Welcome to Rollup Season
Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) A layer-2 airdrop and two mainnet launches has the market clamoring for more scaling action. On March 23, Arbitrum finally distributed its highly-anticipated ARB token, decentralizing its inventory into the hands of its most dedicated users. The hype was so fierce, though, that it took down the project’s main website as well as that of Arbiscan—Arbitrum’s Etherscan equivalent—because eligible wallets could claim their aird...