Thanks to a friend's hint about what OP is, I started to look into it and found this quite interesting. Basically, Overlay Protocol is a DeFi platform that allows you to long or short any type of data—NFT prices, hashrate, even real-world statistics. No traditional partners needed; everything is handled on-chain.

The mechanism of OP is also fascinating: you lock OP tokens as collateral, profits are paid in OP, but if you incur losses, they will be burned. The entire system is trustless, with no one able to intervene. OP tokens serve both as governance tokens and collateral assets—they are the main driver of the entire protocol economy.

A few months ago, Overlay was listed on several platforms, and now I see the current OP price is around $0.02, up nearly 7% in 24 hours. So, what exactly is OP that so many people are interested in? It’s because it opens up a completely different way of trading—you’re no longer limited to traditional markets.

If you’re exploring what OP is, the core idea is that it allows you to gain exposure to any data stream you believe will fluctuate. No middlemen, no market makers. This approach is quite revolutionary in the DeFi space.