Osmosis Price
osmo
Market Statistics
OSMO Live Price Summary
As of Nov 22, 2024, the global cryptocurrency market cap is $376.07M with a +4.30% change in the last 24 hours. Today's price of OSMO is $0.541017, with a 24-hour trading volume of $--. OSMO is +4.40% in the last 24 hours, with a circulating supply of 695.24M OSMO coins and a maximum supply of 1.00B OSMO coins. OSMO ranks 223 by market cap. It has a 24H high of $0.553099 recorded on Nov 22, 2024, and its 24H low so far is $0.51791, recorded on Nov 22, 2024.
What Is the Highest Price of OSMO?
OSMO has an all-time high (ATH) of $11.25 , recorded on Mar 4, 2022.
What Is the Lowest Price of OSMO?
OSMO has an all-time low (ATL) of $0.224523, recorded on Oct 19, 2023.
About Osmosis (OSMO)
What Is Osmosis (OSMO)?
OSMO is the native token of Osmosis, an automated market maker (AMM) protocol built using Cosmos SDK to enable the development and launch of custom AMMs via Osmosis’ on-chain governance. Additionally, Osmosis runs its own cross-chain AMM DEX.
Osmosis implements Inter-Blockchain Communication (IBC), a protocol designed to facilitate interoperability between different blockchains. Similar to other blockchains built using Cosmos SDK, Osmosis is a proof-of-stake (PoS) network. A distinct feature of its PoS model is its superfluid staking mechanism, whereby crypto used in liquidity pools on the Osmosis platform may be further re-used for staking to increase the security of the consensus layer.
Osmosis (OSMO) price
The OSMO token was launched in late June 2021, initially trading at slightly under $5. The token experienced a less-than-ideal start, dropping to $1.38 about three weeks after its launch. However, following its false start and until March 2022, OSMO was all about growth. During a period between late July 2021 and early March 2022, the token was largely in an uptrend.
During that time, OSMO did experience downward corrections along the way, but it invariably rebounded after each correction. OSMO’s price reached three distinct local peaks during this 8-month period: $7.38 on September 20, 2021; $10.71 on January 17, 2022; and an all-time high (ATH) of $11.25 on March 4, 2022.
After March 2022, OSMO’s performance took a U-turn, its price declining to just $0.75 by June 2022. Since then, OSMO has largely been stable, dancing around the $1 mark.
What Is Osmosis (OSMO) Used For?
The OSMO token’s main uses are for governance and for staking to secure the Osmosis network. As a token holder, you can participate in the chain’s governance to vote on proposals if you’ve staked your OSMO funds. Besides voting on protocol upgrades, OSMO stakers can also allocate liquidity mining rewards for liquidity pools and set the base network swap fee.
Osmosis (OSMO) Tokenomics
OSMO is a supply-capped token, with a max supply of 1 billion and a total supply of 325 million. At launch, 100 million OSMO tokens were split equally between fairdrop recipients who are holders of ATOM, the Cosmos native crypto, and a strategic reserve.
The remaining 900 million tokens are distributed as follows:
25% for Staking rewards
25% for Developer vesting
45% for Liquidity mining incentives
5% for Community pool
Who Is the Founder of Osmosis?
The Osmosis blockchain was developed by Osmosis Labs, a Singapore-based blockchain development company. The company’s founders are Sunny Aggarwal and Josh Lee.
Read more: Osmosis (OSMO): The DEX With Customizable Liquidity Pools
How to Store Osmosis (OSMO)
The best wallet for storing OSMO tokens is Keplr, which is natively supported by the blockchain, and is the only wallet that can be used for staking. For storing (but not staking) OSMO tokens, you may use Trust Wallet and MathWallet.
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