OMG Network
About OMG Network
OMG Network (OMG) is essentially a Layer 2 solution for Ethereum that is purpose built for efficiently facilitating the borderless transfers of ETH and ERC-20 tokens. Its features include potentially lowered fees, and thousands of transactions per second. Formerly known as OmiseGo, the OMG Network is said to open up Ethereum for enterprise use cases, thanks to its high throughput capabilities. Simply put, OMG’s ultimate goal is achieving mass adoption while leveraging the security of the Ethereum network. OMG, the network’s native token is mostly used to pay any fees that occur from transactions. With that said, OMG holders will reportedly also be able to stake their tokens, and earn rewards based on standard staking parameters, such as deposited funds, and lock period. OMG Network is now rebranded to OMG Foundation and its core contributor, Enya is leading another Ethereum Layer 2 solution, Boba Network.
In the last hour, OMG Network's price has seen a change of +0.03%, and over the past 24 hours, its price has moved by +0.21%. Over the previous week, OMG Network's price has moved by -0.10%. The current price of OMG Network is BHD 0.01900, accompanied by a trading volume of 188.6k in the last day. OMG Network's price is currently 99.82% below its all-time high of BHD 10.69, which remains the highest price OMG Network has achieved since its launch. The circulating supply of OMG Network stands at 140.2M, translating to a total market capitalization of 2.664M.
Market stats
Frequently asked questions
What is the market cap of OMG Network?
With a market capitalization of 2.664M, OMG Network is ranked 503 among other crypto assets.
What is the all-time high of OMG Network?
The highest valuation of OMG Network since its launch was at BHD 10.69, marking its all-time high.
What is the 24-hour trading volume of OMG Network?
The trading activity of OMG Network over the last 24 hours was at 188.6k, highlighting its liquidity in the market.
How many OMG Network are there in circulation?
There are approximately 140.2M units of OMG Network currently in circulation, affecting its market dynamics.
What is the relative popularity of OMG Network?
OMG Network market cap is around 2.664M.
Website
White paper
Source Code
