Osmosis
Current price
$0.0426
+4.93%24h
LiveUpdated 23s ago
TodayOsmosis rises 4.9%, while the market falls.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.95%
- 24 hours+4.93%
- 7 days+24.20%
- 30 days+28.31%
- 1 year−66.27%
Osmosis's move in context
Beating the market today
+4.93% today against −3.27% for the market as a whole, a gap of 8.2 points. A gap this wide suggests something specific to Osmosis may be moving it, not just the market mood.
Part of a climb
+24.2% over 7 days and +28.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Osmosis
Overview
Osmosis is a decentralized protocol designed for the creation and management of liquidity pools in the realm of decentralized finance (DeFi). Launched in 2021, it enables users to trade tokens seamlessly and provides incentives for liquidity providers through its unique automated market maker (AMM) model. The core mission of Osmosis is to empower users by enabling them to create customized liquidity pools that cater to specific token pairs and trading needs, thereby democratizing access to finance and trading opportunities. Unlike traditional exchanges, Osmosis operates without intermediaries, fostering a permissionless environment that skills users to retain full control over their assets. Key distinguishing features include a governance model that allows users to vote on proposals and changes to the protocol, as well as incentives for liquidity providers and stakers that align with the network’s growth.
Technical Features
At its core, Osmosis operates on the Cosmos SDK, a powerful framework for building application-specific blockchain networks. Its consensus mechanism is based on Tendermint, an efficient and secure Byzantine Fault Tolerant (BFT) algorithm that ensures fast transaction finality and high throughput. Security in Osmosis is bolstered by its proof-of-stake model, where validators secure the network, and token holders can delegate their tokens to earn rewards. Additionally, Osmosis features a unique algorithm called "superfluid staking" that allows users to stake their liquidity tokens while simultaneously earning rewards from both liquidity provision and staking. This dual-reward mechanism enhances user engagement and attracts more capital into the ecosystem.
Use Cases
The primary use cases of Osmosis revolve around decentralized finance applications. As a primary venue for token trading, it supports various decentralized exchanges (DEXs) that allow users to swap tokens with minimal slippage. The platform also facilitates liquidity provision, where users can deposit tokens into liquidity pools and earn a share of the transaction fees. Additionally, Osmosis is integral to governance, granting token holders a voice in protocol-related decisions. Beyond simple token trading, Osmosis opens avenues for innovative financial products such as synthetic assets and stablecoins. The versatility of its framework also allows integration with NFTs and cross-border payment solutions, enhancing its utility in the broader blockchain ecosystem.
Development Background
Osmosis was developed by the team at Osmosis Labs, a group of experienced developers and blockchain enthusiasts who aimed to create a user-friendly and efficient platform for liquidity provision and trading in the DeFi space. The project was officially launched in June 2021 and quickly garnered attention due to its innovative features and unique approach to AMMs. Since its launch, Osmosis has undergone significant upgrades and improvements, including the introduction of governance mechanisms and new liquidity pools. The project has received support and investment from various prominent organizations within the cryptocurrency space, positioning it as a key player in the Cosmos ecosystem.
Community and Ecosystem
The Osmosis ecosystem is characterized by an active community of developers, liquidity providers, and users who contribute to its growth and development. Community engagement is facilitated through decentralized governance, allowing users to propose and vote on improvements and changes to the protocol. Partnerships with other projects within the Cosmos network, as well as cross-chain collaborations, have fostered a diverse ecosystem of applications built on Osmosis. These include integrated DEX platforms, yield farming protocols, and various financial tools that leverage the liquidity pools offered by Osmosis, enhancing the overall user experience and expanding its utility.
Future Potential
The future potential of Osmosis appears robust, with its unique technology and a strong focus on user empowerment setting the stage for continued growth. As DeFi continues to gain traction, Osmosis is well-positioned to capture a significant share of the liquidity provision market. Upcoming developments, such as enhanced interoperability with other blockchains and improvements to user experience, are outlined in its roadmap, promising a vibrant and evolving ecosystem. Additionally, the potential for innovative financial products based on Osmosis's robust infrastructure could further establish it as a leading protocol in the decentralized finance landscape.
Osmosis market
- Position by market cap among the coins we track.
- #274
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $33.25M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0377High $0.0537
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $11.25
- Now 0% of itReached 4 Mar 2022 · Needs +26,308% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 780.47M OSMO
- 78% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 956.28M OSMO
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B OSMO
- The most coins that can ever exist. Some coins have no limit.
Osmosis converter
1 Osmosis = $0.0426
