Optimism’s OP jumps 18%, extending four-week gain to 66%

Optimism’s OP token rose approximately 18% on October 13, 2026, trading between $0.13 and $0.16 during the session. That single-day move caps a month in which OP climbed somewhere between 62% and 66%. Over a matched window of roughly four weeks, Bitcoin gained around 9% and Ether gained around 3%. The numbers behind the move OP’s run has momentum across several timeframes. The token was up around 21% over seven days, on top of the 30-day gain of 62% to 66%. OP’s market capitalization now sits between $350 million and $365 million. Circulating supply is around 2.3 billion tokens, against a maximum supply of 4.29 billion. OP did not win the month outright, though. Starknet’s STRK, a competing scaling token, surged 322% over the previous four weeks. What’s been happening under the hood Optimism is a layer-2 network, meaning it runs on top of Ethereum to handle transactions faster and more cheaply. The project also anchors the Superchain, its vision of many networks built on shared Optimism technology that can talk to one another. In September 2026, Optimism governance approved Upgrade 20. The update targets better Superchain interoperability and improvements to fault proofs, the syste...