OptimismOP

The governance token of Optimism, the group behind OP Mainnet and the OP Stack used by Base.

Rank #145Since May 2022

Price on 31 Oct 2026

C$0.1588 +32.9% since 31 Jul 2026 · 97.6% below its all-time high

The short version

OP is the governance token of the Optimism Collective, which runs OP Mainnet and the open-source OP Stack that powers other layer-2 networks such as Base, Unichain and World. The Optimism Foundation (Cayman Islands) and OP Labs (US) lead development. Since Feb 2026 a 12-month pilot has spent half of Superchain sequencer revenue on monthly OP buybacks, with the tokens going to the Collective treasury. On 31 Oct 2026 one OP cost C$0.1588. From 31 Jul 2026 to 31 Oct 2026 its price changed +32.9% in Canadian dollars, and it was 97.6% below its all-time high of C$6.58 set on 6 Mar 2024.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.6230 (11 Nov 2025) · low C$0.1134 (19 Aug 2026) · -71.6%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.1583	US$0.1134
30 Sep 2026	C$0.1832	US$0.1287
31 Aug 2026	C$0.1198	US$0.0864
31 Jul 2026	C$0.1233	US$0.0879
30 Jun 2026	C$0.1423	US$0.1002
31 May 2026	C$0.1663	US$0.1206
30 Apr 2026	C$0.1627	US$0.1198
31 Mar 2026	C$0.1470	US$0.1057
28 Feb 2026	C$0.1649	US$0.1206
31 Jan 2026	C$0.3542	US$0.2625
31 Dec 2025	C$0.3718	US$0.2715
30 Nov 2025	C$0.4585	US$0.3269

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.1588^[1]
3-month change: +32.9% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 97.6% below its high of C$6.58 (6 Mar 2024)^[1]
Market rank: #145, market value about C$363.3M^[1]
Kind: Token · OP Mainnet (Ethereum layer-2)
Started: May 2022

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoInflation needs a Token House vote; total supply is still the 4.29B minted at launch^{[2, 3]}

Can anyone freeze or take coins from holders?NoGoPlus finds no blacklist, pause or balance-change function^[3]

Can the token's contract code be changed?NoFixed contract code on OP Mainnet, not a proxy^[3]

Is the supply capped?NoNo hard cap; the design defaults to 2% yearly inflation unless governance votes otherwise^[2]

Any scheduled unlocks in the next 12 months?YesSeed Fund 17.9M OP (0.8% of circulating); Ecosystem Fund releases are unscheduled^{[4, 5]}

Does a team or foundation hold over 10% of supply?YesAbout 2.0B OP (47%) is not circulating, held in Foundation-run treasury and funds^{[6, 7]}

Do network fees reach coin holders?YesPilot spends 50% of Superchain sequencer revenue on OP buybacks; tokens go to the treasury^[8]

Main network hacked or halted in the past 2 years?NoNo exploit or halt of OP Mainnet found; app hacks do not count^[9]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case found^[5]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Optimism Foundation (Cayman Islands; executive director Bobby Dresser) and OP Labs PBC (US)^[8]
Founders: Jinglan Wang, Karl Floersch, Kevin Ho and Ben Jones^[6]
Backers: Paradigm and a16z led a US$150M Series B (Mar 2022); about US$178.5M raised^[6]
Allocation: Core contributors 19% and investors 17%, fully vested; 20% reserved for retro funding^[7]

Supply

In circulation: 2.29B OP of a 4.29B maximum (53.3%)^[1]
Fully diluted value: 1.87 times its current market value^[1]
Supply: 2.29B circulating per CoinMarketCap (DefiLlama 2.71B) of 4.29B minted^{[6, 4]}
Unlocks: Seed Fund only: 4.47M OP on 1 Dec 2026, 3 Mar, 2 Jun and 1 Sep 2027^[4]
Ecosystem fund: Unscheduled; a 'Year 5' outlook projects about 343M OP released May 2026 to Apr 2027^[5]
New coins: Default design is 2% a year unless a Token House vote changes it; total still 4.29B^{[2, 3]}

Use and fees

Main use: Governance votes; since Feb 2026, monthly buybacks funded by Superchain revenue^[8]
Network fees: OP Mainnet US$0.86M in the past year; apps US$42.1M; TVL US$413M^[10]
Superchain revenue: About 5,868 ETH to the Collective in the year to Jan 2026, mostly from Base^[8]

Trading

Daily trading: About C$95.3M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 23.15% of its market value changes hands each day^[1]
20-week average: 6.3% above its 20-week average price^[1]
1-year change: -72.0% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

On 29 Oct 2026 the Foundation proposed ETH rebates to OP Mainnet partners, with buybacks calculated on the remaining revenue.^[5]
On 30 Oct 2026, after a hack that day, Aave set OP's loan-to-value to 0%, so OP cannot back new Aave loans.^[5]
The buyback pilot passed on 28 Jan 2026 with 84.4% of votes and runs about 12 months from Feb 2026.^[8]
Meritz Securities signed an MOU with the Optimism Foundation on 22 Oct 2026 to study tokenized assets on OP Stack chains.^[5]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.