OMG Network

OMG
Price
$3.64
24 Hour % Change
-2.92%
Market Cap
$510.14M
Volume (24h)
$132.81M
Linear
Log
to
1h12h1d1w1m3m1yall
Key metrics
24 Hour Low
$3.60
24 Hour High
$3.81
Net change
$-0.109449
24 Hour Open
$3.75
All time high
$25.62
Total Supply
140.25M
Returns (24H)
-2.92%
Returns (YTD)
45.81%
Volatility (30d)
0.99
Transaction Count (24h)
679
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$6.60M

About OMG Network

Category
Application token
Value proposition
Payments

OMG Network, previously known as OmiseGo, is an Ethereum-based platform that aims to solve the scalability problem of the second largest blockchain by market cap. The project uses a protocol called Plasma to scale up Ethereum transactions. The explosive DeFi industry in 2020 pushed up the price of the project’s native token, OMG, after investors started seeking “layer-2” solutions amid soaring Ethereum transaction fees and network congestion. The project completed a $25 million initial coin offering back 2017 after previously securing $17.5 million in Series B funding from venture capital investors. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.


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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

Foundations - Consensus: Distributed