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Check the Latest Price of Optimism in India Today on BuyUcoin

Optimism Price OP-INR

₹ 78.11

Current Price

Optimism Price Chart in INR

  • Day
  • Week
  • Month

Last Price ▲ 5.58 %

₹ 78.11

24h High

₹ 80.43 

24h Low

₹ 73.52

24h Vol

₹ 8974075305

1 OP to INR

Instant Buy

Current Price of 1 OP = 600,000 INR
For 100 INR you will get = 0.00045 OP

Optimism Price History in INR

  • Day
  • Week
  • Month
Time Price in INR Change in %
26-09-2022 ₹ 79.6 +2.78%
25-09-2022 ₹ 77.45 -1.53%
24-09-2022 ₹ 78.65 -2.18%
23-09-2022 ₹ 80.4 +0.17%
22-09-2022 ₹ 80.26 +5.95%
21-09-2022 ₹ 75.75 -2.81%
20-09-2022 ₹ 77.94 0
Time Price in INR Change in %
26-09-2022 ₹ 78.53 -0.70%
24-09-2022 ₹ 79.08 -23.21%
17-09-2022 ₹ 102.98 +3.56%
10-09-2022 ₹ 99.44 +6.86%
03-09-2022 ₹ 93.06 -4.29%
27-08-2022 ₹ 97.23 -14.88%
20-08-2022 ₹ 114.23 0
Time Price in INR Change in %
09-2022 ₹ 93.05 -22.08%
08-2022 ₹ 119.42 +96.29%
07-2022 ₹ 60.84 -3.46%
06-2022 ₹ 63.02 -43.89%
05-2022 ₹ 112.31 0

About Optimism (OP)

Market Cap Rank

#157

On top of Ethereum, Optimism (OP) is a layer-two blockchain. Using Optimistic rollups, Optimism makes use of the security features of the Ethereum mainnet and helps in scaling the Ethereum ecosystem. This means that while transactions are initially stored on Optimism, they are ultimately secured on Ethereum.

With over $300 million in TVL, Optimism is one of the most effective scaling solutions for Ethereum. There are 35 protocols there, with Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM, being the largest. Users can start using Optimism by adding the chain to their Metamask and connecting tokens like ETH to the L2.


What is Optimism ?

One of the many alternatives being tested to deal with Ethereum's congestion issue is the Optimism Rollup network. Since the Ethereum network is frequently almost completely overloaded, scaling methods like Optimism make it possible to continue using Ethereum's transactional capabilities while saving money on gas costs.

To speed up and lower the cost of Ethereum transactions, Optimism makes use of cutting-edge data compression algorithms. They accomplish this via optimistic rollups, where several transactions are rolled up into one and settled on a different, less expensive blockchain. The primary Ethereum blockchain is then updated with the validated transactions.


Who Created Optimism?

Midway through 2017, Joseph Poon and Vitalik Buterin co-authored a paper outlining Plasma as an early scaling solution for Ethereum. A team of Ethereum's core researchers founded a non-profit research organization to carry out the plan. Late in 2019, development halted due to serious design flaws in Plasma. Karl Floersch, Jinglan Wang, and Ben Jones—three of Plasma's principal investigators—decided to change course in favour of what appeared to be the Optimistic Rollup, Plasma's obvious replacement. Early in 2020, they established Optimism PBC.


How does Optimism (OP) Work?

Rollups are a technology that optimism uses, specifically optimistic rollups. Rollups are so-called because they combine information from dozens, hundreds, or even thousands of Ethereum mainnet transactions - including non-fungible token (NFT) mints, token swaps, and more - into a single transaction (layer 1). The blockchain transaction, or gas fee that must be paid reduces to only one transaction when so many transactions are combined into one, easily divided among all parties.

They are known as optimistic rollups because transactions are presumed to be valid until they are shown to be untrue or, to put it another way, until they are proven guilty. By presenting fraud-proof and running the transactions' computations concerning accessible state data, potentially invalid transactions may be challenged within a specific time frame.


Earn Free Optimism

Optimism (OP) Price Prediction

Optimism Price Today in India is ₹ 78.11 with a 24-hour trading volume of ₹8,97,40,75,305. In the last 24 hours, OP-INR price has increased by 5.58%. Optimism CoinMarketCap rank is 157. The circulation supply of Optimism is 21,47,48,364.8OP coins, with maximum circulating supply being unlimited.

Optimism (OP) Price Prediction 2022

When OP first entered the market with the first airdrop on May 31, 2022, it was valued at $4.57. As of June, the market was still negatively impacted by the UST stablecoin's de-pegging. For the recently launched Optimism, which on June 18 hit an all-time low of $0.4005, this was terrible news.

Again, July's headlines got off to a poor start, and on July 13, the currency fell as low as $0.4147. Even though it had climbed by more than 80% during the week beginning July 13, it is essential to keep in mind that after reaching its peak on July 19, it had declined by even more than 5%.

According to Wallet Investor that used an algorithm for price prediction of optimism (OP). The value of digital money might rise as high as $2.059 by 2022. The disadvantage is that it could drop to $1.097. Due to regular buying and selling forces, the price can reach $1.566.


Optimism (OP) A Good Investment in 2022?

The protocol is supported by a solid group and has several cutting-edge technological features that could set it apart from competitors. Being a new project, it's challenging to forecast its plan of action.

The currency has strong fundamentals, and if it adds more recent enhancements and beneficial partnerships in the future, it might hit new highs.

According to Trading Beasts' estimate, optimism will reach an average price of $2.310 by the beginning of December 2022. A minimum price of $1.963 and a maximum price of $2.887 are projected. Additionally, the company predicts that by the annual closure of 2025, the price of OP will rise to its greatest price of $6.847.


Optimism Features

Simplicity:

In building a layer-two solution for Ethereum, optimism aims for the fewest possible moving parts. In actuality, this means employing tested Ethereum infrastructure and code. Thus, optimism seeks to maintain the simplest feasible code and integrate seamlessly with pre-existing codebases.

Pragmatism

The ecosystem places an even greater emphasis on pragmatism. It is guided by the demands and limitations faced in the actual world by its team and the users who interact with the ecosystem. As a result, Optimism intends to incorporate features like EVM equivalence gradually and build iteratively.

Sustainability

Optimism's design methodology is essential to the idea of long-term sustainability and avoiding shortcuts to scalability. To scale the network, it utilises optimistic rollups and uses Ethereum's consensus system. User transactions are grouped and submitted to the L1 (Ethereum) while blocks are generated and executed on the L2 (Optimism).

Secure Transactions

Without direct verification of their validity, transactions are submitted to Ethereum and are subject to dispute for a specific time (currently seven days). A transaction is then regarded as being completed. Because of this, Optimism to Ethereum withdrawals takes seven days to process.

Buy and Sell Optimism Coin In India at the best price

Whether you want to buy Optimism (OP) in India or you want to sell Optimism in India at the best OP price in INR then you can count on Buyucoin- The most secure and safest platform in India. It is the best Indian Exchange that offers OP to INR trading pair. It is India’s most secure, dedicated, User friendly and trusted digital exchange.

At BuyUCoin you can not only buy/ sell at the best Optimism price in INR but also more than 100+ cryptocurrencies and It follows payment industry best practices with strict KYC-AML policies because of these features BuyUCoin become a leader in the Indian cryptocurrency Market of cryptocurrency exchanges

Should I Buy Optimism in India with BuyUcoin?

BuyUcoin users can buy and sell Optimism through various payment methods we provide. It’s quick, simple, and safe. BuyUcoin is an exchange platform where consumers can swap digital currencies such as Bitcoin, Ethereum, Shiba Inu, Dogecoin and over 150 other cryptocurrencies. In addition, when you sign up, you will be rewarded with free Bitcoin worth INR 100.

BuyUcoin, which has over 1M+ registered users, provides a comprehensive range of options that allow users to buy, sell, trade and store cryptocurrencies at a low price in India. Start trading now to receive INR100 worth of free Optimism after registering.

1 OP to INR

Instant Buy

Current Price of 1 OP = 600,000 INR
For 100 INR you will get = 0.00045 OP

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