Report on OP Token Liquidity and Market Depth

Objective

The purpose of this report is to determine the volume required to create a 2% impact on the price of the OP token. This analysis is based on market data retrieved from CoinGecko, which includes liquidity depth metrics from various centralized and decentralized exchanges.

Data Overview

The dataset comprises trading pairs, exchange names, liquidity depth at ±2% price movement, 24-hour trading volume, and trust scores. The key parameters relevant to this analysis are:

• +2% Depth ($): The total amount of buy orders required to push the price up by 2%.
• 2% Depth ($): The total amount of sell orders required to push the price down by 2%.

Findings

Based on the aggregated market data as of March 19, 2025:

• Total Buy Liquidity (+2% Depth): $18,999,228.34
• Total Sell Liquidity (-2% Depth): $21,927,707.69

This indicates that:

• A buy volume of approximately $18.99 million would be required to increase the OP token price by 2%.
• A sell volume of approximately $21.93 million would be necessary to decrease the OP token price by 2%.

Conclusion

The OP token market demonstrates significant liquidity, with approximately $19 million required to push the price up by 2% and $21.93 million to bring it down by 2%. We can consider around 10-20million OP can be bought or sold at a 2% price impact.

Data: CoinGecko (as of March 19, 2025, 10:07 UTC)

Dataset: Google Sheet