#20 of 25 · Optimism
Is OP deflationary?
Growing · +2.0% policy supply next year
OP supply is expected to grow over the next twelve months (+2.0% policy). That figure is a published protocol policy, not a measured rate. Under its governance-controlled issuance program, there is no permanent supply reduction, funded by 2% annual supply policy + collective treasury. Its unlock timing is not fully disclosed, so releases are scored as unknown rather than as zero. Beneat Supply Watch ranks OP #20 of 25 with an overall supply score of 63 out of 100, as of Sep 6, 2026.
Supply score
63 / 100
Key figures
Supply next year
+2.0% policy
Tokens unlocking, 12 months
Not disclosed
Circulating
53.3%
Market cap
$252M
Supply direction score
62
Release pressure score
31
Program strength
90
Track record
80
Scores are 0–100 research shortcuts, not price forecasts. Sources: partial. Data as of Sep 6, 2026.
Supply history
Daily observed circulating supply from the market snapshot. Scheduled releases are shown separately below.
Upcoming releases
Part of the release schedule is dated; the rest depends on governance or is undisclosed. Contributor vesting and Collective allocations are only partially predictable.
No calculable OP release is published for the coming months.
How OP supply changes
Paid for by
2% annual supply policy + Collective treasury
What happens
Governance-controlled issuance
Where tokens go
Ecosystem and public goods
The supply policy permits annual expansion while exact Collective distributions are proposal-dependent.
Questions people ask about OP supply
- Is OP deflationary?
- OP supply is expected to grow over the next twelve months (+2.0% policy). That figure is a published protocol policy, not a measured rate. Under its governance-controlled issuance program, there is no permanent supply reduction, funded by 2% annual supply policy + collective treasury. Its unlock timing is not fully disclosed, so releases are scored as unknown rather than as zero. Beneat Supply Watch ranks OP #20 of 25 with an overall supply score of 63 out of 100, as of Sep 6, 2026.
- When is the next OP unlock?
- No dated OP release is published for the coming months: part of the release schedule is dated; the rest depends on governance or is undisclosed. Contributor vesting and Collective allocations are only partially predictable.
- How much OP is in circulation?
- 2.29B OP is in circulation, about 53.3% of the 4.29B reference supply, with a market cap of $252M. Release progress is 3 of 5; expected completion: Open-ended.
- How does OP supply change?
- The supply policy permits annual expansion while exact Collective distributions are proposal-dependent. Program: Governance-controlled issuance. Paid for by 2% annual supply policy + collective treasury. Destination: ecosystem and public goods.
- How reliable is this data?
- OP has partial sources: 2 cited documents, last checked Sep 6, 2026. Reconciliation against the published plan is "matched". Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation.
Sources
- CoinGecko · Market and circulating-supply snapshot ↗2026-09-06
- Optimism Collective · OP allocation and supply policy ↗2026-09-01
Reconciliation: matched. Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation. Machine-readable data: /api/screener/deflationary and calendar for OP.
Compare with
All 25 tokens on Beneat Supply Watch · How Supply Watch compares with other tools
Research only. Not investment advice. Beneat Supply Watch does not forecast prices.