TL;DR
- Optimism approved an OP token buyback program that will allocate 50% of Superchain revenue over 12 months.
- Buybacks will be executed monthly via ETH-to-OP conversions through an OTC provider, and the purchased tokens will remain in the treasury.
- OP is trading at $0.2623, down 0.6% in 24 hours. Its daily volume is $102 million, and its market capitalization is around $510 million.
Optimism approved a reform to OP’s token economics introducing a formal buyback program funded by revenue from the Superchain ecosystem. The proposal authorizes allocating 50% of the revenue generated by the Superchain to repurchase OP over an initial 12-month period. The program is set to begin in February 2026 and was validated under the Joint House governance framework.
How the Token Buybacks Will Be Executed
Buybacks will be conducted monthly through ETH-to-OP conversions via an OTC provider. Purchased tokens will not be removed from circulation or burned. They will remain in the Collective treasury alongside remaining sequencer ETH. The mechanism reduces circulating supply and establishes a recurring demand flow linked to the ecosystem’s economic activity.
The vote exceeded quorum and approval thresholds. More than 84% of participants supported the proposal, according to final governance results. Execution is limited to the approved framework and will not involve changes to token issuance or unlocking schedules.
The program directly links Superchain operational revenue with the OP secondary market. The Superchain consolidates multiple rollups built on Optimism and channels revenue from sequencing and network activity. Under the new scheme, a fixed portion of those flows will be redirected to systematic buybacks.
Optimism Trades Slightly Lower
OP is currently trading at $0.2623 per unit, down 0.6% over the past 24 hours, according to CoinMarketCap. Daily volume is around $102 million, down 6%. Market capitalization is approximately $510 million.
Over the past week, Optimism (OP) fell 16% and did not show an immediate market reaction after the buyback program approval. Selling pressure remains in the spot market, and trading flow is contained.
Technical indicators show weakness. The daily RSI hovers around 35, and the MACD remains below the signal line with a negative histogram. No resistance breaks or sudden volume spikes were observed following the vote.
