Bullish
Optimism (OP) token holders approve buyback plan redirecting 50% of protocol revenue
In a recent governance vote, Optimism's OP token holders approved a proposal to redirect 50% of the protocol's revenue toward monthly over-the-counter (OTC) token buybacks. This initiative aims to bolster the OP token's value by reducing its circulating supply. The plan is set to commence in February 2026, with the first buyback expected to be approximately $8 million, based on 2025's revenue.
Key points
- Optimism's OP token holders approve buyback plan redirecting 50% of protocol revenue to OTC swaps.
- Optimism's OP token price remains steady at around $0.10, with a market capitalization of $223.64 million.
- Optimism's OP token has a fully diluted valuation of $1.4 billion and a current market capitalization of approximately $611.3 million.
Sources
- OP token holders approve buyback plan redirecting 50% of Optimism protocol revenue to OTC swapsThe Block · January 29, 2026
- Optimism (OP) Trading 5.3% Higher Over Last WeekThe Lincolnian Online · July 15, 2026
- Optimism Foundation Unveils Monthly OP Buyback Plan Using RevenueCoinMarketCap · July 16, 2026
AI-generated from public news sources. Not financial advice.
