OMG Network
OMGWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$3.55
24 Hour % Change
0.25%
Market Cap
$497.31M
Volume (24h)
$355.97M
USD
Linear
Log
to
Key metrics
24 Hour Low
$3.50
24 Hour High
$3.83
Net change
$0.008851
24 Hour Open
$3.54
All time high
$25.62
Total Supply
140.25M
Returns (24H)
0.25%
Returns (YTD)
39.53%
Volatility (30d)
1.46
Transaction Count (24h)
1,869
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$23.55M
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.
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
May 13, 2020
May 13, 2020
