#123 rank
Osmosis

Osmosis osmo

Osmosis Price in USD

$0.569

0.57%

0 ETH

0 BTC

Price Change

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MAX

Osmosis Price Statistics

Current Price

$0.569

Fully Diluted MarketCap

$1,381,966,093

Total Volume

21,097,231

Total Supply

998,281,040.091

Circulating Supply

651,267,737.271

What is OSMOSIS?

Osmosis is the first Decentralized Exchange(DEX) of the Cosmos(ticker ATOM) ecosystem. The cosmos ecosystem comprises Blockchains made using the Cosmos SDK(software development kit) like Terra/Luna, Cosmos(ATOM), Akash(AKT), Secret Network(SCRT), THORChain(RUNE), and more. Osmosis connects to all these blockchains through a mechanism known as Inter Blockchain Communication(IBC), which enables seamless communication with each other without the need for a Bridge. The native token for Osmosis is OSMO

The Team Behind OSMOSIS

Osmosis was created by Osmosis Labs, founded by Sunny Aggarwal and Josh Lee. Every upgrade and modification to the protocol is voted on and carried out by the Osmosis community (holders of the OSMO governance token.) Osmosis raised $21M in an October 2021 token sale led by Paradigm

Top Value Drivers For OSMOSIS

The main reasons to invest in Osmosis include: - Osmosis has been growing fast, becoming the sixth-largest DEX by Total Value Locked(TVL) as of March 2022 - OSMO is a proof-of-stake blockchain, where users can stake OSMO tokens and receive voting rights and staking rewards - Osmosis is well suited to become the de-facto trading hub with the Cosmos ecosystem growing. - Osmosis plans to branch out to non-IBC enabled chains, such as Ethereum-based ERC20s (via the Althea gravity bridge), Bitcoin-like chains, and alternative smart contracting platforms

FAQs

The current price of Osmosis is USD 0.569.

The total supply of Osmosis is 998,281,040.091 and circulating supply of Osmosis is 651,267,737.271

The trading volume of Osmosis is 21,097,231 in the last 24 hours.