No single dated event in the next 90 days.
Foundation grants keep coming. The buyback is small.
OP governs Optimism: 2.30B coins circulate, about 54% of the 4.29B supply. Nothing is minted; new coins come from the Foundation's reserve.
Sell pressure. Foundation grant payouts sent 33.83M OP to the market in 90 days. Next, about 16.42M contributor coins join them.
Buy pressure. The revenue buyback took back 4.94M OP on Oct 1 2026.
Net. Net, supply grows about 1.26% in 90 days and about 1.96% next.
No new OP was minted in these 90 days. The token can mint up to 2% a year, but only after a governance vote, and the last approved rate is 0%. The next mint window opens on Oct 28 2026; no vote to use it has been posted.
Investors are fully unlocked (735.86M OP). Early core contributors have 686.92M OP out and did not grow between Aug 6 and Oct 14 2026, so nothing booked for the last 90 days. The Foundation expects about 35.22M more contributor OP by Apr 30 2027; spread evenly, that is about 16.42M in the next 90 days. Base's quarterly 4.47M OP grant did not reach the market on its Oct 10 2026 date.
The Optimism Foundation paid 33.83M OP from its treasury to grant wallets in these 90 days, mostly in September and October 2026, and pays in rolling batches. Still held: 1.29B OP in its main reserve, 318.48M and 113.36M in two treasury Safes, 21.39M in its grants wallet and 3.29M in the payout wallet. Two other large Safes hold 149.14M OP with no published owner and did not move. With no release schedule: the re-labelled 546.9M OP airdrop pool (now a strategic fund), 777.6M OP of paused public-goods rewards and 123.41M OP of contributor coins not yet out.
No bankruptcy estate, trustee or long lock is releasing OP.
Half of the revenue OP chains pay the Collective buys OP back. One purchase landed in this window: 4.94M OP on Oct 1 2026, held in the buyback wallet (now 14.39M OP) and not counted as circulating. The next 90 days assume the same dollar amount at today's price, about 5.20M OP.
Gas on OP Mainnet is paid in ETH, so no OP is burned by use. Supply fell by only 0.25 OP in the window.
Apart from the buyback above, the Foundation did not buy OP in this window.
OP has no staking lock, and no new long-term lock was announced.
Two sides: how much people want OP right now, and how much buying could come later.
It shows how hot OP is right now. A better rank means more people are talking about it.
Today, people are talking about OP for two reasons:
On Oct 22 2026 the Optimism Foundation proposed that the Security Council Lead picks new council members, and that the cohort elections end. A nominee would join unless 20% of the active voting OP says no, which one delegate group said on Oct 26 2026 is about 11M OP. People ask if token holders are losing too much say over who holds the upgrade keys.
On Oct 22 2026 the Optimism Foundation and Uniswap Labs said OP Mainnet and Unichain will be the first two chains in a shared Interop set, with no outside bridge in the middle. The first release only moves ETH between the two chains; more tokens and chains come later, after a governance vote. People ask when it goes live and if it brings more use to OP Mainnet.
Checked Oct 28 2026
As of Oct 19 2026, Optimism (OP) supply moves +1.96% in 90 days and +6.96% in a year, so OP is inflationary. New OP outweighs what is burned or bought back.
Optimism (OP) supply grows +6.96% over the next 12 months and +1.96% over the next 90 days (checked Oct 19 2026). That puts OP #34 of 101 coins we track for new supply (#1 = the most new supply).
No dated Optimism (OP) unlock is scheduled in the next 90 days (checked Oct 19 2026). New OP still arrives: about 50.3M OP in 90 days.
Yes. In our count, about 5.2M OP is expected to leave the market over the next 90 days through burns, buybacks or locks (checked Oct 19 2026). How it works: Half of Superchain revenue buys OP back: 4.94M OP on Oct 1 2026, held off the market, about 5.2M OP a quarter at today's price.
In our count, about 50.3M new OP reaches the market over the next 90 days (checked Oct 19 2026). How it works: Foundation grants put about 34M OP a quarter on the market, plus about 35M OP of early-team coins due by Apr 2027; no OP is minted.
Optimism (OP) has about 2.3B coins in circulation as of Oct 19 2026; the next 90 days change that by +1.96% (+6.96% over a year).
Over the next 90 days (checked Oct 19 2026): OP +1.96%, PIEVERSE +25.93%, CFX +0.44%, KAIA +1.04%. OP sits in the middle of these 4 coins.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things: supply and demand. Fewer new coins mean less selling pressure. We also show each coin's age, with a warning when it is younger than 1 year. Demand shows how much people want the coin. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss. OP supply grows +1.96% in the next 90 days, so it shows in red: more OP reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
Related supply research: PIEVERSE +25.93% · CFX +0.44% · KAIA +1.04% · All crypto inflation rates (110 coins) → · Full OP supply report → · Embed this coin
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