HostOP vs WSTETH — price, size and safety, side by side
OP (Optimism) vs WSTETH (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-26 / 2026-09-27.
OP vs WSTETH — normalized performance, 2026-09-21 to 2026-09-26T18:07:24
| OP | WSTETH | |
|---|---|---|
| Price | $0.1455 | $3.38K |
| Market cap | $299.40M | $12.53B |
| 24h volume | $2.83M | $2.66M |
| Liquidity | $1.07M | $50.30M |
| FDV | $559.19M | $12.44B |
| Holders | 1,370,841 | 39,070 |
| Age (days) | — | 1,492 |
| Safety grade | B | B |
Where they differ
- WSTETH measures ~42× the market cap of OP
- WSTETH measures ~47× the liquidity of OP
- OP measures ~35× the holder count of WSTETH
- over the shared window OP moved +11.8% while WSTETH moved −0.89%
What the data says
OP
OP at 0x4200000000000000000000000000000000000042 is the Optimism Collective's governance token — the canonical OP Mainnet deployment sitting in the chain's own vanity address space, not a bridged copy. The September 26, 2026 snapshot counts 1,370,841 holders around a $299.4 million market cap, $559.2 million fully diluted against a 4.3 billion total supply — the gap between the two figures is the unissued allocation the Collective still holds.
The contract posture is worth quoting exactly. Minting is still active — new supply can be minted, consistent with OP's ongoing distribution schedule. Freeze is revoked, and the code is not a proxy. Depth is the soft spot: $1.1 million of tracked pool liquidity is thin against a nine-figure cap, and $2.8 million of 24-hour volume means ordinary exits clear but size should be measured against the pool, not the headline.
WSTETH
wstETH is stETH made legible to DeFi — the same claim on Lido-staked Ether, wrapped so the balance stops moving: where stETH re-bases your token count upward each day, wstETH holds a fixed count and lets the exchange rate against stETH do the appreciating. That is the shape lending markets, bridges and LPs need, which is why the contract at 0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0 became the canonical collateral form — our September 27, 2026 snapshot reads $50.3 million of tracked pool liquidity on it.
The verdict therefore inherits stETH's, plus one wrapper-layer note. You hold a claim on staked ETH via Lido — subject to its validator set, Ethereum's exit queue, and stETH's own depeg memory (June 2022, when it traded visibly under par) — and the price shown for wstETH is stETH's price times a steadily growing conversion rate, so it will always quote above ETH while tracking correctly. Nothing about that is a defect; it is the mechanic to understand before reading the quote as a premium.
FAQ
Which is bigger, OP or WSTETH?
By tracked market cap: OP (Optimism) measures $299.40M and WSTETH (Ethereum) measures $12.53B — dated snapshots, not a live feed.
Which is safer, OP or WSTETH?
On the contract checks we publish: OP (Optimism) grades B and WSTETH (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have OP and WSTETH performed over the shared window?
Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show OP at +11.8% and WSTETH at −0.89%.
More comparisons
COINX vs OPJOE vs OPBAS vs OPAURA vs OPWSTETH vs LGNSWSTETH vs ETHWSTETH vs GHSTWSTETH vs RLUSD
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-21→2026-09-26T18:07:24; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.