Optimism
OP
$3.64

Sector

Layer 2

Exchange Debut

2022-01-06

Market Cap

3,482,985,881

Maxim Supply

4,294,967,296

Circulating Supply

957,378,568

Circ. Supply(%)

22.29%
Optimism logo

Optimism

OP

Price

$3.64

Market Cap

Sector

Exchange Debut

3,482,985,881
2022-01-06

Volume 24h

High 24h

Low 24h

347952275
4.120570316372
3.614876463239

Change 24h

Change 7d

Change 30d

-6.589
-3.2959
21.4887

Maxim supply

Circulating supply

Circulating supply(%)

4,294,967,296
957,378,568
22.29%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Optimism cryptocurrency:

The fundamental analysis of the Optimism cryptocurrency introduces us to an innovative project, called Optimism. It’s characterized by speed, stability, and scalability, designed specifically as an L2 blockchain solution by Ethereum developers, for Ethereum developers. The EVM-equivalent architecture of Optimism seamlessly scales Ethereum applications without unforeseen complications. This means Ethereum apps can function on Optimism at significantly reduced costs, thus optimizing the Ethereum ecosystem’s efficiency.

Fundamental analysis of the Optimism cryptocurrency shows that, based on a multi-criteria analysis, Optimism has an impressive overall score of 7.4 out of 10, suggesting a generally positive evaluation. Yet, when considering risk and investment analysis, it becomes crucial to pay attention to specific factors, primarily audit and security, token economy, ecosystem development, and product utility.

Audit and security

Audit and security are fundamental aspects of any blockchain project. While Optimism received a moderate score of 5 out of 10 in this area, it’s important to note that the transparency of publicly available information was rated higher at 8 out of 10. This high score implies that the Optimism team is committed to maintaining a high level of transparency regarding project security and audits, a factor that could help alleviate associated risks.

Token economy

The fundamental analysis of the Optimism cryptocurrency reveals that its token economy received a relatively low score of 3.75 out of 10, signifying potential risks. This lower score may be attributed to the limited supply of money launched on the market, which could lead to high inflation.

Ecosystem development

In terms of ecosystem development, Optimism scored an impressive 8.8 out of 10. This high score indicates that the project’s team has made substantial progress towards achieving their goals. Nonetheless, it is paramount to consistently track the project’s progress and stay abreast of industry innovations to retain a competitive edge.

Product utility

In the realm of product utility, Optimism excelled with a high score of 9 out of 10. This score suggests that Optimism offers substantial utility and can be employed in a broad range of applications within the Ethereum ecosystem.

Fundamental analysis of Optimism cryptocurrency – The final conclusion

To conclude, the fundamental analysis of the Optimism cryptocurrency depicts a project with notable growth and development potential. However, potential investors must be aware of the risks associated with certain project aspects, like the token economy and security. Therefore, we strongly recommend investors to conduct their due diligence before committing to this promising project.

Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism’s EVM-equivalent architecture scales Ethereum apps verry effficient. If it works on Ethereum, it works on Optimism at a fraction of the cost.

The Superchain project seeks to maximize interoperability and composability between different chains using the OP Stack, and integrate siloed L2s into a single, cohesive layer.

Optimism is more than just a blockchain. It’s an experiment in sustainable ecosystem funding fueled by protocol revenue.
What are the main characteristics of Optimism?
Optimism is designed around four core tenets:

Optimism
Sustainability
Simplicity
Pragmatism

Optimism aims for the minimum number of moving parts while building a layer-two solution for Ethereum. In practice, this means using proven Ethereum code and infrastructure when possible. Optimism thus aims to keep its code as simple as possible and work directly with existing codebases.

The ecosystem further emphasizes pragmatism and is driven by the real-world needs and constraints of its own team and the users engaging with the ecosystem. Hence, Optimism aims to build iteratively and implement features like EVM equivalence gradually.

Fundamental analysis of the Optimism cryptocurrency

Optimism - OP performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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