Layer 2 Network Token Rallies 66% in Four Weeks, Outpacing Bitcoin and Ethereum

OP Outpaces Bitcoin and Ethereum

Optimism (OP) has spent the past month running ahead of the market's largest assets on both of the short horizons traders watch: market data shows the token of the Layer 2 network, a chain that settles on Ethereum (ETH) while executing transactions away from it, up 18% over a single day and up 66% across four weeks as of Tuesday, with its return exceeding Bitcoin's and Ethereum's over each window separately. Both figures come from the same comparison and the same session; the daily reading covers the 24 hours up to 22:04 UTC on 2026-10-13, while the four-week figure reaches back across mid-September and early October, so they describe one continuing stretch rather than two unrelated episodes. The story the numbers tell is a pattern of outperformance rather than a dated catalyst: neither the size of the lead over Bitcoin and Ethereum nor a cause behind it was quantified when the comparison was published, and no driver was named. One token did better across the longer span, Starknet (STRK), whose four-week advance came in above OP's; the comparison offered no figure for how much larger that gain was and no explanation for the difference. Optimism the asset is separate from the network of the same name in one respect: it is the network's governance token, a token carrying voting rights over protocol decisions, and its climb has unfolded while the chain kept adding institutional plumbing, including KB Securities' tokenized MMF on the OP mainnet. It is the kind of tape in which a single altcoin outruns the majors for weeks; our live reading at the time of writing put OP at $0.1581, about 0.6% below the level recorded with the 22:04 UTC figure, with the 24-hour change near 18.6%.

The two figures measure different spans, and the distinction is the part most easily lost: a one-day return of 18% and a four-week return of 66% describe separate periods of price change, and, as the comparison itself noted, neither number taken alone shows why the token rose or whether the flow behind the gain is still in place. That caution is worth holding on to. What the record does establish is the shape of the outperformance: OP beat both major assets on the one-day window and beat them again on the four-week window, a double result only Starknet interrupted, and only over the longer span. The returns of Bitcoin (BTC) and Ethereum over those same windows were not published alongside the comparison, so the size of OP's lead cannot be computed from the record as it stands; the only quantified claim about a rival is that Starknet's four-week figure was larger, and no cause was attached to that either. Both networks sit in the same scaling category, so the four-week leaderboard pairs two direct rivals at the top. On the network side, the contrast between them is a difference of design: Starknet is built around Zero-Knowledge Proofs, validity proofs that let a chain confirm batches of transactions without re-executing them, while Optimism's rollup follows the OP Stack path that institutions such as KB Securities have already used. Nothing in the published comparison ties either design choice to the return gap. What has not changed through the stretch is the relative standing the figures describe: the two largest assets by market value have spent the month returning less than OP over both windows, and the four-week chart has not broken.

The $0.1205 Floor Under the Rally

The structure behind the rally reads firm rather than stretched on our own composite scoring: the trend is classified as an uptrend, the MACD signal is bullish, and the relative strength index sits at 63.80, short of the level usually treated as overbought. The floor that matters most under the move is $0.1205, where moving average references, a Fibonacci retracement and a value-area high converge, and the level scored 98 out of 100; above the market, the nearest meaningful ceiling is $0.1819, at a much weaker 48/100. Positioning stays on the calm side of leverage: perpetual funding runs at 0.0051% and the long/short account ratio stands at 2.33, with 69.9% of accounts long, so the daily gain has not produced the crowded, funding-heavy profile that typically precedes forced liquidation selling. Our Optimism technical analysis page tracks these levels as they update. What the four-week run has not changed is the condition that carried it: gains have accumulated without a leverage spike, and as long as funding stays near zero the 66% advance rests on spot demand rather than borrowed conviction.