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Octopus Network logo

Octopus Network OCT

Octopus Network Price (OCT)
$0.1696
0.97% Buy OCT Now

0.0000488 ETH

0.00000253 BTC

Buy OCT Now
Low: $0.1696
High: $0.1717
24h
Market Cap
$16,152,103
0.97%
Fully Diluted Market Cap
$16,956,614
0.97%
Volume
24h
$78,635
1.45%
Volume / Market Cap
0.0049
Circulating Supply
95,255,474 OCT
Max Supply
100,000,000
Total Supply
100,000,000

Octopus Network (OCT) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

5.16%

Joined at Nov 17, 2023

Following

129

0.00%

Tweet count

236

0.86%

Octopus Network reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Octopus Network (OCT) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Octopus Network telegram
Telegram Stats

Members

-

Title

-

Currently, official Octopus Network (OCT) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Octopus Network traffic
Website Traffic
Visit Website

Website Rating (DR)

50 / 100

0.00%

Ahrefs Rank

752,484

6.05%

Organic Traffic (mo.)

119

23.96%

Octopus Network github
GitHub Organization
Visit GitHub

Public repos

Created at Jun 28, 2019

Type

Organization

Octopus Network github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Octopus Network (OCT) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆 Submit Now

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.


Live OCT Price Analysis

The current real time Octopus Network price is $0.1696, and its trading volume is $78,635 in the last 24 hours. OCT price has plummeted by 0.97% in the last day, and increased by 3.20% in the last 7 days. It’s important to note that current Octopus Network market capitalization is $0, and the maximum supply is 100,000,000 OCT coins. Talking about circulating supply, OCT has 0 coins. Currently, Octopus Network rank on the market is #2349.

Octopus Network price today is 97.59% below all time high, and it is 700.87% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling OCT are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is the Octopus Network (OCT)?

OCT is the native token of the Octopus Network, which is a multi-chain network built on the NEAR protocol. It allows developers to launch application-specific blockchains which are referred to as “appchains”. The Octopus appchains are fully customizable in terms of governance, economics, consensus mechanism, and so on. Besides, they are interoperable with other chains.

Check out the Octopus Network price chart above to see the current OCT price.

The Octopus Network was developed to address the issue of bootstrapping and application-specific blockchain running costs. Overall, its main aim is to make Web 3.0 application creation accessible to all developers.

The fundamental technology that powers the Octopus Network is the Octopus Relay. It essentially is a set of smart contracts that run on the NEAR network. The Octopus Relay makes appchains compatible with the NEAR protocol, Ethereum, and other appchains, while also providing them with leased security.

In terms of appchain interoperability, the Octopus Relay employs the Rainbow Bridge and the Substrate IBC pallet. The Rainbow Bridge allows appchains to connect with Ethereum and the NEAR protocol, while the IBC pallet allows them to connect with any other IBC-compatible chain. Thus, assets issued on IBC-enabled blockchains, Ethereum, or the NEAR network can be moved into Octopus appchains, and vice versa.

Talking about leased security, the Octopus Network employs the Leased Proof-of-Stake (LPoS) consensus mechanism. How does it work? In essence, OCT token holders lease their tokens to appchains and, in exchange, they receive rewards in the form of native tokens of these appchains. Overall, LPoS is a scalable and cost-efficient consensus mechanism.

Use Cases of OCT Tokens

OCT is the driving force behind the Octopus Network. Don’t forget to check the Octopus Network to see the live OCT price. In terms of the usage of OCT, the following are the main use cases of these tokens:

  • Governance. OCT holders are able to become a part of the Octopus Network DAO and vote on various decisions considering the future development of the network.
  • Staking. By staking OCT tokens, users are able to become appchain validators. They are responsible for validating the appchains and running nodes.
  • Reward. Octopus validators are rewarded in Octopus Network tokens for their work.
  • Upvoting appchains. OCT holders are able to support appchain candidates by giving them upvotes.

Tokenomics of OCT

The max supply of Octopus Network coins is 100 million. All OCT coins were pre-mined before the launch of the Octopus Network mainnet, which took place on October 8, 2021 (World Octopus Day). The supply of OCT tokens was split between the team, investors, and foundation, as well as set aside for airdrops, appchain rewards, initial security, Series A, the IDO, and the seed sale.

Besides, you should definitely analyze the main trends in the OCT price changes if you plan to buy Octopus Network tokens. You can do that on the Octopus Network price chart featured above.

What's Octopus Network trading volume in the last 24 hours?

OCT has a trading volume of $78,635 in the last 24 hours.

What's Octopus Network highest price ever?

OCT has a highest price of $7.02, which was reached on Jan 16, 2022 (2 years 6 months ago ).

What's Octopus Network lowest price ever?

OCT has a lowest price of $0.0212, which was reached on Dec 11, 2022 (1 year 7 months ago ).

What are the best exchanges for buying and selling OCT?

Currently, the most active and dominating exchanges for buying and selling Octopus Network are Binance, Kraken & Kucoin. The most popular Octopus Network trading pairs are OCT/USDT (on BingX ), OCT/USDT (on Gate.io ), OCT/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping OCT?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Octopus Network. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Octopus Network project's Circulating Supply has been verified and is equal to:

Circulating Supply

0 OCT

Unverified Data

Octopus Network project's Market Cap has not been verified. However, according to the Octopus Network self-reported data Market Cap is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

Unverified Data

Octopus Network project's Market Cap has not been verified. However, according to the Octopus Network self-reported data Market Cap is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

Unverified Data

Octopus Network project's Circulating Supply has not been verified. However, according to the Octopus Network self-reported data Circulating Supply is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

Unverified Data

Octopus Network project's Circulating Supply has not been verified. However, according to the Octopus Network self-reported data Circulating Supply is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

Unverified Data

Octopus Network project's Circulating Supply has not been verified. However, according to the Octopus Network self-reported data Circulating Supply is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

Unverified Data

Octopus Network project's Circulating Supply has not been verified. However, according to the Octopus Network self-reported data Circulating Supply is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

Unverified Data

Octopus Network project's Circulating Supply has not been verified. However, according to the Octopus Network self-reported data Circulating Supply is equal to:

Circulating Supply

95,255,474 OCT

Market Cap

$16,152,103

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
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