Crypto

OP Token Price Prediction: Buyback Plans, OP Stack Adoption, and Market Outlook

OP

Optimism has approved a new buyback program, linking OP token to revenue generated across the Superchain. 

Summary 

  • Optimism governance approved the proposal to allocate 50% of Superchain sequencer revenue toward OP token buybacks. 
  • It will link OP’s value to network usage across chains like Base and Unichain. 
  • The repurchased tokens will be stored in the Optimism treasury, and the upcoming activities will be decided by governance. 

What is Optimism (Optimism)? 

Optimism (OP) is the native governance and utility token for the Optimism network. It is an Ethereum Layer 2 scaling solution that uses optimistic rollups for faster and cheaper transactions. 

OP holders can participate in the Optimism Collective, shaping decisions on network upgrades, treasury management, and project funding. Its governance system is divided into two parts: the Token House for technical, on-chain, and resource allocation decisions. 

Optimism Approves OP Token Buyback 

Optimism governance has approved a new buyback program that links the OP token to revenue generated across the Superchain. The vote was passed on January 28, 2026, and about 84.4% Optimism community voted in favor of the buyback. 

The buyback is set for a 12-month pilot, which will begin in February 2026. 50% of net sequencer revenue is committed to monthly Optimism (OP) buybacks. Initially, over-the-counter providers will be used to minimize market impact. 

OP to be linked to Superchain revenue 

Based on the approved network, 50% of net sequencer revenue generated across the Superchain will be used to fund monthly open-market purchases of OP tokens. The Optimism Foundation will initially execute the program to minimize the market impact. The purchases will be made through over-the-counter vendors. 

So far, the Superchain generated roughly 5,868 ETH in sequencer revenue over the last year. With recent prices, about 2,700 ETH, or about $8 million annually, could be aimed at OP buybacks if the activity stays stable. 

Tokens that are repurchased will be transferred to the Optimism Collective Treasury. The governance will determine whether to burn tokens, utilize them for a staking-related mechanism, or use them as ecosystem incentives. 

Safeguards are also built in, such as automatic pauses if the execution requirements are not met or when there are steep revenue drops. 

New mechanism ties OP’s value to Superchain 

The new mechanism will now tie OP’s value directly to Superchain’s performance. This measure also addresses concerns among token holders as the ecosystem grew without a clear revenue feedback loop. 

The OP stack continues to dominate the Layer-2 (L2) landscape, generating nearly 61.4% of the L2 fee market share. Major integrations are also placed by major Superchain members, such as Base (Coinbase), Sonetium (Sony), Unichain, Ink, and World Chain. 

Supporters believe that redirecting the revenue can bring builders, users, and investors into better alignment. It also enhances confidence in OP’s long-term economic model. The proposal was implemented after a prolonged downturn, where OP is still trading 90% below its all-time high. It is aimed at a sustainable and steady price acceleration rather than a temporary measure to raise prices. 

How would the buybacks work? 

According to the plan, the foundation will conduct monthly ETH-to-OP conversions. The conversions would take place during a predetermined window each month, without considering price. It would be paused if established conditions are not met. 

A dashboard will be published showing trade data, including pricing, pacing, and balances. The OP tokens will be held in the collective’s treasury with remaining ETH revenue. 

Initially, it will operate under fixed parameters to impose limits. Slowly, it would transition to a complete on-chain activity, lowering the foundation’s governance role.

OP: Current Market Outlook 

Optimism (OP) is currently trading at $0.2636, indicating a period of extreme fear and bearish sentiment. Despite the recent approval of a landmark buyback, the price targets remain cautious. Analysts predict a recovery towards $0.63 – $1.09 by the end of 2026. According to technical analysts, $0.2528 is expected to be a critical support level. 

Once the buyback program is implemented, the launch of the Interop Layer can reduce the circulating supply and boost its utility.