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View ChartOpium (OPIUM) is the in-house token of the Opium Protocol, a decentralized derivatives marketplace built on Ethereum that enables the creation and trading of custom financial instruments. Its roles are mostly centered around platform governance.
Opium (OPIUM) is the in-house token of the Opium Protocol, a decentralized derivatives marketplace on Ethereum that uses an off-chain order book for matching and on-chain settlement. The protocol allows users to create, trade, and settle custom derivative contracts, such as credit default swaps (CDS) and options. OPIUM token holders can participate in governance votes to decide on protocol upgrades, fee structures, and treasury management. The token is used for staking to back the protocol's insurance fund and for paying fees within the ecosystem. OPIUM is a tradable token, though according to CryptoSlate only one spot market is currently listed and trading activity is very low.
Opium is a decentralized protocol for creating and trading derivative contracts on the Ethereum blockchain.
| Item | Details |
|---|---|
| Name (Ticker) | Opium (OPIUM) |
| Alternative Names | Opium Protocol Token |
| Contract Address (Ethereum) | 0x888888888889c00c67689029d7856aac1065ec11 |
| Consensus Mechanism | Ethereum Proof-of-Stake (PoS) |
| Smart Contracts | Yes (EVM-Compatible) |
| Category | DeFi, Derivatives |
| Hash Algorithm | Keccak-256 |
| Max Supply | 100,000,000 OPIUM |
The Opium Protocol was co-founded by Andrey Belyakov (CEO), a CFA Institute member with over 20 years of experience in professional derivative trading and fund management, and Arjan van der Kooij, a Dutch entrepreneur and private investor focused on IT and technology startups. The project emerged from the need for a flexible, on-chain infrastructure for derivative products that could operate without centralized intermediaries. The team aimed to build a protocol where anyone could create and trade financial derivatives, leveraging the security and composability of the Ethereum network. Opium began operations in May 2020, and the OPIUM token launched in January 2021. Opium uses a governance model based on a DAO, in which OPIUM holders submit and vote on governance proposals covering protocol upgrades, fee structures, and treasury management.
The Opium Protocol functions as a decentralized derivatives marketplace specifically for derivatives. Its core mechanism involves smart contracts that define the terms of derivative products.
Contract Creation: Users can deploy smart contracts that represent custom derivative instruments, such as swaps, options, or futures, with defined underlying assets, expiration dates, and payout conditions.
Order Book & Trading: The protocol utilizes an off-chain order book relayed by network participants for price discovery and order matching, while settlement and custody are handled on-chain by the smart contracts. This hybrid model aims for efficiency.
Settlement & Insurance: Upon contract expiration, outcomes are settled automatically by the smart contract logic. The protocol maintains an insurance fund, staked with OPIUM tokens, to cover potential smart contract failures or extreme market events.
Fee Structure: Trades on the Opium platform attract an optional derivative fee; if implemented, 90% goes to the derivative's creator and 10% is retained by Opium.
Opium's primary value proposition is its focus on customizable, on-chain derivatives within the DeFi ecosystem.
Custom Derivative Creation: Unlike many DEXs that offer standardized perpetual contracts, Opium allows for the creation of bespoke financial instruments. This enables hedging strategies and financial products tailored to specific needs.
Composability with DeFi: Being built on Ethereum, Opium derivatives can interact with other DeFi protocols. For example, a yield farmer could use an Opium credit default swap (CDS) to hedge against the risk of a lending protocol failure.
Dual-Token Staking Model: The protocol's security is bolstered by staking. Users can stake OPIUM tokens directly into the insurance fund or stake LP tokens from OPIUM/ETH liquidity pools, earning rewards while contributing to the protocol's resilience.
The OPIUM token has several key utilities within its ecosystem:
Governance: OPIUM holders can vote on proposals that govern the Opium Protocol's future, including parameter adjustments, fee changes, and treasury allocations.
Staking & Security: Users stake OPIUM tokens to back the protocol's insurance fund, which is intended to cover potential smart contract failures or extreme market events; stakers receive a share of the protocol's revenue.
Fee Payment: OPIUM can be used to pay fees within the ecosystem.
Liquidity Incentives: Users can stake LP tokens from OPIUM/ETH liquidity pools, earning rewards while contributing to the protocol's resilience.
OPIUM can be acquired on the venues where it is listed. Before trading, verify that the venue is available in your jurisdiction, complete any required identity verification, and check liquidity and fees, as OPIUM markets are currently thin.
Risks: OPIUM is a small-cap token with very low trading activity; according to CryptoSlate its trading activity is assessed as "Dormant", and low liquidity can make the displayed price sensitive to a handful of trades. Derivative products and smart contracts carry additional technical and market risks. This article is for informational purposes only and is not investment advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for OPIUM are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Opium (OPIUM) is $0.011431. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated OPIUM to USD rate at the top of BTCC’s price page. In terms of market scope, Opium records a 24h trading volume of $24.079231 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $48.04974K. Its current circulating supply stands at 4.16M out of a maximum supply cap of 100M.
The price volatility of Opium (OPIUM) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (4.16M) to max supply (100M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Opium (OPIUM) hit an all-time high (ATH) of $21.001617 on 2021-02-03 22:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.00987 on 2026-06-30 13:35. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading OPIUM futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($24.079231), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s OPIUMUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Opium, simply log into your BTCC account with USDT margin available, navigate to the OPIUMUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for OPIUMUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.011431), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for OPIUMUSDT with zero financial risk.
Trading Opium (OPIUM) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for OPIUMUSDT, and review its live price ($0.011431) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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