The Motley Fool Investing Philosophy: We generally recommend investors buy shares of at least 25 stocks and hold them for at least 5 years. Learn More
| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| OP | -75.3% | N/A | N/A | -70% |
| S&P | +16.23% | +94.45% | +14.22% | +62% |
Optimism (OP) is a layer-two platform on Ethereum that improves dApp scalability and accessibility using "optimistic rollups". OP allows dApps to offload computation and data storage to a separate layer, enabling low-cost, near-instantaneous Ethereum transactions. It was introduced in 2019 and has been used to develop financial apps, social networks, games, etc. The team behind Optimism is made up of blockchain developers and researchers, including Ethan Frey and James Ray, and is funded by venture capital firms and individual investors.
The momentum higher ended quickly for some of the hottest altcoins this week.
Some investors were fearful about traditional financial institutions and bought cryptos as a hedge against this.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.