coin_name

Optimism Price in India (OP)

₹0

arrow_icon

NaN%

1D

1W

1M

6M

1Y

ALL

1D

1W

1M

6M

1Y

ALL

OP to INR Converter

As per last price at 00:00:00, 01/01/70

INR

OP

TRADE OP NOW

chevron_right_black

OP Performance

24H Low

-

24H High

-

Price Change 24H

-%

Price Change 7D

-%

OP Market Information

Popularity

-

Market Cap

-

24H Volume

-

Circulation Supply

-

OP Price Today

The live price of Optimism is ₹ 0 per (OP / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. OP to INR price is updated in real-time. Optimism is +0% in the last 24 hours with a circulating supply of .

About Optimism (OP)

What is Optimism (OP)?

Optimism (OP) is a Layer 2 scaling solution for Ethereum. It has its own native and utility token, the OP token that facilitates all in-chain transactions in the Optimism platform. Similar to other layer 2 solutions, Optimism was created with the goal of making transactions faster and cheaper on the Ethereum network without compromising security. To achieve this goal, the platform leverages Optimistic Rollups, a technology that processes transactions off-chain, reduces congestion, and lowers costs on the Ethereum mainnet. 

Who founded Optimism (OP)?

Optimism (OP) was founded by Kevin Ho, Karl Floersch, and Jinglan Wang in 2019. The trio previously worked as developers for Ethereum.

Primary features of Optimism (OP)

• Optimistic Rollups: Optimism uses a technology called Optimism Rollups to facilitate faster and cheaper transactions increasing Ethereum’s scalability.

• OP token: OP is the native utility token of the OP ecosystem that is used as a medium of exchange for governance and operations. OP token holders can also vote on key decisions, proposals, and protocol upgrades.

• Incentives: The platform rewards individual and team actors who contribute to the overall network maintenance and growth such as developers, liquidity providers, and active network participants.

• Dual governance structure: Optimism follows a dual governance model, namely the Token House and the Citizen House. Token House represents OP token holders, who also contribute to governance, whereas Citizen House focuses on funding public goods and ecosystem-benefiting projects.

Is OP a promising cryptocurrency?

OP is the native token of the Optimism blockchain, a layer 2 solution provider for Ethereum. For all its versatility, Ethereum is plagued by issues like scalability and high gas fees, so a layer-2-like Optimism aims to resolve this problem. In doing so, Optimism has established itself as one of Ethereum’s prominent scaling solution providers, with its native token OP ranking among top cryptos. As of August 2024, the OP token is the top #47 crypto as per CoinMarketCap’s ranking by market cap. OP has a ranking of top #37 in terms of trading volume, highlighting investor interest in the token. As per analyst prediction, OP is poised to reach around $30 by 2030.

To invest in OP, download the CoinSwitch app.

How do I use OP?

• OP can be used as a medium of exchange with vendors that accept the OP token. 

• It can be bought, sold, or held like any other cryptos. 

• OP token holders can participate in major decisions concerning the platform. 

• OP token holders or users in the Optimism platform can leverage the reduced transaction fees.

• Token holders can stake their OP tokens to earn passive income while contributing to the network maintenance.

Pros & Cons of Optimism (OP)

Pros

• Optimism improves Ethereum’s scalability, making the blockchain faster and cheaper.

• The ecosystem identifies and incentivizes network participants and contributors, promoting active contribution and growth.

• The platform offers interoperability and is compatible with existing Ethereum applications.

Cons

• Like any other digital currency, the volatility in the crypto market may impact OP price.

• Optimism, which was created to address Ethereum’s limitations, is closely tied to Ethereum.

• Concepts like its dual governance structure may be difficult to understand for people new to the crypto space.

How to trade Optimism (OP) on CoinSwitch?

• To trade in Optimism (OP), download the CoinSwitch app. 

• You can start with funds as low as ₹100.

• CoinSwitch offers an ideal environment for crypto trading with its secure and friendly environment.

Optimism (OP) ICO summary

Optimism (OP) was launched in 2021, however, the company behind the top crypto was founded in 2019. Optimism secured $178.5 million in investments over three rounds. The non-profit Optimism Foundation was established to manage these funds and promote ecosystem development.

Bitcoin Resources

1. How do I buy Optimism?

chevron_down

To buy Optimism, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Optimism.

Step 3:

Once you find Optimism and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Optimism?

chevron_down

The price of 1 Optimism is ₹0.

Note: Optimism prices are subject to change in the future based on market trends.

3. What is the price of Optimism today?

chevron_down

The current price of 1 Optimism is ₹0.

Note: Optimism prices are subject to change in the future based on market trends.

4. Can I buy Optimism for ₹100?

chevron_down
Yes! You can buy Optimism for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Optimism in rupees?

chevron_down
The current value of 1 OP is ₹0.

6. What is the current trend in Optimism?

chevron_down
OP has been NaN% in the last 24 hours.

Related Articles

article

Income Tax Slabs Rate FY 2023-2024 (AY 2024-25)

Simply put, income tax is levied by the central government on the income earned by individuals and businesses in a financial year.

article

10 Cheapest Cryptocurrencies To Invest in India

The crypto market is not just about Bitcoin and Ethereum. There are numerous crypto projects that have strong growth potential and have been known to give investors good returns.

article

Spot Trading vs. Futures Trading in Crypto: How Are They Different?

In crypto trading, traders use two popular methods—spot trading and futures trading. Both methods have their characteristics and benefits but they also come with risks.

article

Bitcoin Price Prediction & Forecast 2024-2050

Bitcoin, the first decentralized crypto, operates as a digital and decentralized form of currency. It enables peer-to-peer transactions without the need for intermediaries like banks or financial institutions.

OP to INR Converter

As per last price at 00:00:00, 01/01/70

INR

OP

TRADE OP NOW

chevron_right_black
price_banner