OP Coin: The Fuel and Governance Token of the Optimism Network
OP Coin is the native token of the Optimism network, which is one of the most popular Ethereum Layer 2 scalability solutions and officially launched the OP token in 2022. Simply put, Optimism is like adding a highway to Ethereum, making transactions faster and cheaper, while the OP Coin serves as both a highway pass and a fuel card.
The core technology of Optimism is Optimistic Rollup, which means assuming all transactions are valid, then batch packaging them off-chain before submitting to the Ethereum mainnet. If someone acts maliciously, the system has a 7-day challenge period during which others can prove it wrong and claim rewards. This method is simpler than zk-Rollup and has lower development costs, so many projects run on Optimism, such as Uniswap, Synthetix, Aave, and others.
The main uses of OP Coin are threefold: paying network gas fees (although ETH can be used at many times, OP is cheaper). participating in governance: holding OP allows for voting on major matters such as network upgrades and fund allocation. incentivizing the ecosystem: distributing OP to users and developers through Airdrop and RetroPGF (retrospective public goods funding) encourages everyone to build DApps and contribute code.
The total supply of OP is 4.29 billion tokens, most of which is gradually released through airdrops, ecosystem funds, and staking rewards. During the first airdrop in 2022, many early users directly received hundreds to thousands of dollars worth of OP, making it one of the most sought-after airdrops of the year. Later, the price peaked at over 4 dollars and now fluctuates between 1.5 and 2.5 dollars.
The Optimism ecosystem is developing rapidly, with a TVL (Total Value Locked) exceeding 20 billion dollars by 2025, making it the second player in Layer 2 after Arbitrum. Its slogan is the Super Chain of Ethereum, and it plans to connect with other Rollups in the future to form a larger network. Overall, OP Coin is not merely a speculative coin but a practical token truly linked with Ethereum's scalability. If you are optimistic about the Layer 2 track and the future of Ethereum, OP is an infrastructure coin worth considering.
$OP
{future}(OPUSDT)