Optimism
OP#116OP is the governance token of Optimism, whose OP Stack software runs OP Mainnet and a family of Ethereum layer-2 chains.
- Market cap
- $300.5M
- Volume 24h
- $111.38M
- All-time high
- —
- Circulating supply
- 2.3B of 4.29B
Passes our 8 Shariah criteria. Needs caution: excessive uncertainty (gharar) and usage.
- 6 pass
- 2 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
About Optimism
OP is the governance token of Optimism, whose OP Stack software runs OP Mainnet and a family of Ethereum layer-2 chains.
OP Mainnet is a layer-2 network for Ethereum: it runs transactions cheaply and posts data back to Ethereum, which secures it. L2BEAT rates it Stage 1 with permissionless fault proofs and showed about $1.95 billion of value secured on 1 October 2026. The same OP Stack software runs other chains in the 'Superchain', including Base, Unichain, Ink and World Chain.
OP is not used to pay fees; users pay in ETH. OP holders vote on upgrades and on how the Optimism Collective spends its funds. Superchain chains pay the Collective the greater of 2.5% of their revenue or 15% of their on-chain profit, which came to 5,868 ETH in the 12 months to January 2026.
In January 2026 governance approved a one-year plan to spend 50% of that revenue on monthly OP purchases from February 2026; the tokens go back to the treasury. About 2.30 billion of 4.29 billion OP were circulating on 1 October 2026.
A 2-of-2 multisig (the Optimism Foundation and a 10-of-13 Security Council) can upgrade OP Mainnet with no delay, and one operator runs the sequencer, though users can force transactions in through Ethereum. In September 2026 Optimism signed a tokenised-fund partnership with KB Securities and Securitize and took on Soneium as an OP Enterprise client.
Sources · 6
AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Key facts
- Consensus
- Hosted by a company
What it is used for
- Voting on Optimism Collective proposals in the Token House
- Delegating votes to governance delegates
- Spot trading and self-custody on OP Mainnet
Market data
- Market cap
- $300.5MRank #116
- Fully diluted value
- $561.24MAt 4.29B OP
- Volume 24h
- $111.38M37.06% of market cap
- Total supply
- 4.29B OPIssued so far
- All-time high
- —
- All-time low
- —
- Circulating supply
- 2.3B OP53.5% of max supply
- Max supply
- 4.29B OPFixed by protocol
Where it trades
Section in preparation
Similar halal assets
Halal verdict, same category