Opium
OPIUM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Opium (OPIUM) exhibits a profile of a largely dormant decentralized derivatives project undergoing an orderly wind-down. Active development has effectively ceased, with the last protocol upgrade dating to December 2020 and residual governance limited to administrative actions like withdrawing suspended pools. Community and governance engagement are minimal, with Snapshot and forum activities largely stagnant since mid-2023 and an expired project domain (opium.team). On the market front, OPIUM has suffered extreme value erosion, trading at an ultra-micro-cap valuation with negligible daily volume ($20-$40), leading to severe illiquidity. Supply transparency and active token utility mechanisms are virtually absent in recent documentation. On the positive side, Opium historically underwent multiple independent smart contract audits by Pessimistic and MixBytes in 2020-2021 with no recorded hacks, exploits, or regulatory actions. However, with code security scores rated low (35% on CertiK) and protocol activity flatlining, the asset carries immense risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Opium (OPIUM)
Opium (OPIUM) is the governance token of the Opium protocol, a decentralized derivatives platform on the Ethereum blockchain that is currently in an orderly wind-down and largely dormant state. Designed to facilitate the creation, settlement, and trading of decentralized derivative contracts, the ERC-20 token historically functioned as a liquidity mining reward and a voting asset for protocol parameters. The protocol's public team includes co-founder and Chief Technology Officer Ali Nuraldin.
During its active development period, the protocol's smart contracts underwent independent security audits. Pessimistic and MixBytes audited the staking contracts in December 2020 and January 2021, and Pessimistic provided an additional security review for the Opium v2 contracts. There are no recorded hacks, exploits, or regulatory actions involving the protocol, though analytics platform CertiK registered a "BB" rating tier with a 35% code security metric.
The project faces critical operational and market challenges. OPIUM has suffered a price collapse of more than 99.9% from its all-time high of $23.01, resulting in an ultra-micro market capitalization and negligible daily trading volume that creates severe illiquidity. Feature development has ceased, with no primary protocol upgrades deployed since December 2020, the project domain opium.team has expired, and governance participation has remained largely inactive aside from isolated administrative proposals to withdraw suspended liquidity pools.