The Optimism Foundation plans to release 343 million OP tokens into circulation between May 2026 and April 2027, representing approximately 15% of the current supply of 2.286 billion tokens. OP’s total supply stands at 4.295 billion tokens, with 53% currently in circulation and the remainder locked or reserved. To offset sell pressure, Season 9 proposals introduced a mechanism allocating 50% of Superchain revenue toward OP token buybacks on the open market. Additionally, the Foundation has suspended its Retro Funding program, which had 775 million OP tokens reserved, equivalent to 18% of the total supply.
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