Convert Redstone RED to Optimism OP
RED to OP: 1 Redstone converts to 0.56 OP as of June 6 at 5:35 PM
About Optimism
Optimism is falling this week. The current price of Optimism is $0.59 per OP. With a circulating supply of 1,714,909,778 OP, it means that Optimism has a total market cap of $1,022,466,756.12. The amount of Optimism traded has risen by $78,883,439.15 in the last 24 hours, which is a 34.27% increase. Additionally, in the last day, $230,152,900.25 worth of OP has been traded.
The exchange rate of Optimism is decreasing. The current value of 1 OP is $0.59 USD. In other words, to buy 5 Optimism, it would cost you $2.96 USD. Inversely, $1.00 USD would allow you to trade for 1.69 OP while $50.00 USD would convert to 84.46 OP, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.21%. Meanwhile, in the last 24 hours, the rate has changed by 6.24%, and that the highest exchange rate of 1 OP to RED was $0.63 RED and the lowest 24 hour value was 1 OP for $0.58 RED. Last month, 1 OP was worth $0.61 RED. Today, it's down 2.55%. Looking back a year, Optimism has changed by $2.26 RED. That means that in a single year, the value of Optimism has shrank by 73.75%.
Optimism Market Stats
Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more
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Conversion tables
RED to OP values from Today at 5:35 pm
0.5 RED = 0.28 OP |
1 RED = 0.56 OP |
5 RED = 2.81 OP |
10 RED = 5.62 OP |
50 RED = 28.10 OP |
100 RED = 56.19 OP |
500 RED = 280.95 OP |
1,000 RED = 561.91 OP |
OP to RED values from Today at 5:35 pm
0.5 OP = 0.89 RED |
1 OP = 1.78 RED |
5 OP = 8.90 RED |
10 OP = 17.80 RED |
50 OP = 88.98 RED |
100 OP = 177.96 RED |
500 OP = 889.82 RED |
1,000 OP = 1,779.65 RED |
RED to OP over time
RED | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 RED | 0.28 OP | 0.26 OP | 0.29 OP | 0.22 OP |
1 RED | 0.56 OP | 0.52 OP | 0.58 OP | 0.44 OP |
5 RED | 2.81 OP | 2.60 OP | 2.92 OP | 2.19 OP |
10 RED | 5.62 OP | 5.19 OP | 5.83 OP | 4.37 OP |
50 RED | 28.10 OP | 25.97 OP | 29.15 OP | 21.87 OP |
100 RED | 56.19 OP | 51.94 OP | 58.31 OP | 43.75 OP |
500 RED | 280.95 OP | 259.72 OP | 291.54 OP | 218.74 OP |
1,000 RED | 561.91 OP | 519.45 OP | 583.09 OP | 437.48 OP |
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Frequently asked questions
How much is 1 Redstone in OP?
Right now, 1 Redstone is worth about 0.56 OP.
How much RED could I buy for 1 OP?
Based on the current rate, you could get 1.78 RED for 1 OP.
How do I calculate or convert RED to OP?
You can use our RED to OP calculator at the top of this page to convert any amount of RED to OP. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 OP is equivalent to 8.9 RED. Inversely, 5 RED will cost about 2.81 OP.
How can I buy 1 Redstone on Coinbase?
Redstone is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Redstone.
What are assets similar to Redstone that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Redstone, including WAX, Keep Network, and XPR Network. For a more robust list of assets to explore, jump to the asset page dedicated to Redstone.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.