OP is the governance token of Optimism, a leading Ethereum Layer 2 scaling solution.
It aims to reduce gas fees while improving transaction speed on Ethereum.
Optimism uses optimistic rollups to maintain security and scalability.
The OP token is used for governance and ecosystem incentives.
Strong adoption by DeFi protocols strengthens Optimism’s network effects.
Ethereum’s growth directly supports long-term OP demand.
Token unlocks and emissions can create short-term selling pressure.
OP often shows strong moves during Layer 2 narrative rallies.
Developer activity remains one of Optimism’s biggest strengths.
Overall, OP is a solid Layer 2 play with long-term ecosystem potential.
OP
0.1758
-20.05%