Optimism (OP)

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

These are the closest matches to OP measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

• [Optimism Foundation] OP Stack powers Coinbase Base, Zora and dozens of Superchain rollupslink dead, claim unverified
• [Token Terminal] Optimism sequencer revenue exceeded $50M in 2025
• [Messari] OP circulating supply only 30% of total as of May 2026

One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.

What is the Early Thunder score for Optimism (OP)?

OP scores 123 out of 250 on the 25-variable framework, ranking 56th of 251 rated tokens (top quartile). The framework verdict is CAUTIOUS HOLD.

What are OP's strongest fundamentals?

OP ranks highest on Developer Activity 8/10, 1st of 251, Holder Concentration 5/10, 10th of 251, Exchange Depth 7/10, 12th of 251 and Team Execution 7/10, 12th of 251. Ranks are measured against all 251 tokens in the same scoring pass.

What are the weakest parts of the OP thesis?

OP scores in the bottom third of the universe on Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251, Vesting Schedule 2/10, 223rd of 251 and Insider Selling 3/10, 201st of 251. The single risk carried on the scorecard is: Only 30% circulating; OP Foundation and investor releases through 2027 create persistent sell pressure

How much OP supply is still to enter circulation?

53.2% of eventual OP supply is circulating today, leaving 1.88x the current float still to arrive. At a flat price per token that is 46.8% of fully diluted value ahead of current holders.

How far is OP from its all-time high?

OP trades 98.2% below its all-time high of $4.84. Returning to that high requires a 55.6x move from the level used in this scoring pass.

Which tokens have a similar profile to OP?

Measured on the shape of all 25 scored variables rather than on price, the closest matches to OP are ARB (134), W (92), POL (123) and EIGEN (107). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.

What is the next catalyst for OP?

Superchain interoperability connecting Base, Optimism, Zora; sequencer revenue growing