Optimism’s OP Jumps 18%, Extending Four-Week Gain to 66%

The gains were uneven rather than a continuous climb. CoinGecko’s sampled history shows OP retreating from roughly $0.146 in late September to about $0.120 on Oct. 7 before recovering.

Layer 2 Tokens Diverge

OP also outperformed Arbitrum’s ARB, which fell about 6.3% over seven days and gained 30.6% over 28 days. But Starknet’s STRK climbed about 64% and 211%, respectively, putting its multiweek rally well ahead of OP’s.

These are selected token comparisons, not a ranking of the entire Layer 2 market. All returns use CoinGecko’s dollar-price observations at 5 p.m. ET on Oct. 13, with matching observations on Oct. 12, Oct. 6 and Sept. 15. They measure price changes between those endpoints, not intraday highs or uninterrupted gains.

OP carries a governance role in the Optimism ecosystem. According to the Optimism Foundation, holders can vote with their tokens or delegate them; Token House members vote on OP Stack upgrades, which the Security Council implements.