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OMG Network

OMG Network OMG

Token
OMG Network Price (OMG)
$1.68
1.38% Buy OMG

0.0010 ETH

0.0000720 BTC

Low: $1.63
High: $1.70
24h
Market Cap
$235,357,692
1.38%
Fully Diluted Market Cap
$235,627,250
1.38%
Volume
24h
$31,467,704
75.42%
Volume / Market Cap
0.1337
Circulating Supply
140,245,398 OMG
100.00%
Max Supply
140,245,399
Total Supply
140,245,398
OMG Network OMG
Price: $1.68
1.38% Buy OMG

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.

Learn this metric

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.

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.

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.

Learn this metric

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).

Learn this metric

Verified Data

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

Circulating Supply

140,245,398 OMG

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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Current price of OMG Network is $1.68

OMG Network (OMG) Social Signals & Traffic Tracker
OMG Network twitter
Twitter Stats
Visit Twitter

Followers

9

99.89%

Joined at Aug 21, 2022

Following

0

100.00%

Tweet count

0

100.00%

OMG Network reddit
Reddit Stats
Visit Reddit

Subscribers

6.36K

0.09%

Joined at Jul 21, 2018

Subreddit type

public

Moderators

9

0.00%

OMG Network telegram
Telegram Stats
Visit Telegram

Members

38

40.74%

Title

OMG Network

OMG Network traffic
Website Traffic
Visit Website

Website Rating (DR)

65 / 100

0.00%

Ahrefs Rank

174,130

5.88%

Organic Traffic (mo.)

0

0.00%

OMG Network github
GitHub Organization
Visit GitHub

Public repos

121

Created at Sep 01, 2017

Type

Organization

OMG Network github
GitHub Public Repository
Visit GitHub

Stars

210

0.00%

Watchers

34

0.00%

Forks

59

0.00%

Language

Elixir

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Subscribers: 6,365

OMG Network Price Statistics

OMG Network Price
$1.68
Price Change 24h
$0.0232
1.38%
24h Low / 24h High
$1.63 /
$1.70
All Time High
Jan 08, 2018 (5 years 1 month ago)
$28.35
94.08%
All Time Low
Jul 16, 2017 (5 years 6 months ago)
$0.3197
424.93%
Trading Volume 24h
$31,467,704
75.42%
Volume / Market Cap
0.1337
Market Dominance
0.02%
Market Rank
#172
Market Cap
$235,357,692
1.38%
Fully Diluted Market Cap
$235,627,250
1.38%

Live OMG Price Analysis

The current real time OMG Network price is $1.68, and its trading volume is $31,467,704 in the last 24 hours. OMG price has grew by 1.38% in the last day, and increased by 19.55% in the last 7 days. It’s important to note that current OMG Network market capitalization is $235,357,692, and the maximum supply is 140,245,399 OMG coins. Talking about circulating supply, OMG has 140,245,398 coins. Currently, OMG Network rank on the market is #172.

OMG Network price today is 94.08% below all time high, and it is 424.93% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling OMG 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 OMG Network?

OMG is the native token for the OMG Network. It’s a layer-2 scaling solution that aims to optimize Ethereum transactions by offering higher speeds and lower fees. OMG is an ERC-20 token. It’s used as the network’s utility token. It’s notable that the OMG Network crypto structure is not decentralized as it only uses one node to produce blocks.

Over the years, the project underwent several rebrandings. It was initially known as OmiseGo. In 2020, its name was changed to the OMG Network, and in 2021 it became the OMG Foundation. For the sake of consistency, the name OMG Network will be used here. The most up-to-date OMG price statistics can be viewed above.

Who Founded OMG Network?

The OMG Network was founded as OmiseGo in 2017 by Vansa Chatikavanij. Prior to becoming the CEO of the OMG Network, she worked as an environmental researcher, focusing on water resources. 

OMG Network was developed to solve some of the key issues experienced by the Ethereum blockchain. Ethereum is one of the biggest decentralized networks in the world. As such, it required a large amount of storage space to maintain the blockchain. Transaction speed is also relatively low, as the network cannot handle as many as 50 transactions per second.

To counter this, the OMG Network was created as a layer-2 solution to improve the network scalability and allow for a significantly larger amount of transactions to be processed simultaneously.

The network officially launched in mid-2017. At this time, the OMG price was around $0.50. It only took a few weeks for the asset value to exceed $10. Its market behavior has been mildly volatile since launch, experiencing frequent ups and downs.

During the first year of its existence, the asset had several notable peaks. The highest OMG price was recorded in January 2018, when it reached $28.35. Since then, the asset has followed the general market trends. In November 2021, a month notable for Bitcoin nearly reaching $70,000 for the first time, OMG peaked at around $20.

How Does OMG Network Work?

The OMG Network coin has a maximum supply which is hard-capped at 140,245,398. Furthermore, all of these coins have already been minted, and no new coins can be added to the protocol. The asset is therefore actively deflationary, as its entire supply is either in circulation or burned. This is expected to positively affect the OMG Network price.

As a layer 2 solution, the OMG Network is fully interoperable with Ethereum. Users can conduct transactions with both ETH and ERC-20 tokens. The platform uses the MoreViable Plasma scaling solution that employs sidechains to conduct off-chain batch transactions, which can later be verified on-chain on Ethereum.

According to the protocol, the OMG Network should be able to handle thousands of transactions per second (TPS). In comparison, Ethereum can only handle a few dozen transactions per second. Furthermore, due to its size and popularity, Ethereum often experiences network congestion due to the exceeded TPS limit.

The OMG Network also works on reducing transaction costs on Ethereum. According to the team, the OMG price to cover the gas fees can be lowered by as much as one-third of the initial price on Ethereum.

As a scalability solution, the OMG Network aims to help make Ethereum more accessible for mass adoption. In addition to reducing transaction costs, it also requires fewer energy resources, making OMG more affordable and environmentally sustainable.

The OMG Network is secured using the Proof-of-Authority (PoA) consensus mechanism. It’s commonly used by private blockchains. An organization that uses the chain chooses the validator nodes. In the case of OMG, there is only one node producing the blocks, making it a centralized blockchain.

The Boba Network

In 2021, after rebranding as the OMG Foundation, the company launched a new blockchain known as the Boba Network (BOBA). Like OMG, Boba is a layer 2 solution for Ethereum. It offers faster transactions for lower taxes. OMG token holders are able to exchange their assets for an equal value of BOBA.

As one of the upgrades from the OMG Network, Boba also enables NFT bridging. This is a process that allows users to easily mint and transfer their non-fungible tokens between the layer 1 and layer 2 chains. It also offers the process called Hybrid Compute that allows developers to build dApps using web-scale infrastructure without on-chain limitations.

In its comparably short run, BOBA has followed similar trends as the OMG Network token. However, the two assets are not pegged to each other, and their value is not interdependent. Generally, the OMG Network price has appeared higher in the markets, although the value of the deflationary Boba tokens is expected to increase over time.

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

OMG has a trading volume of $31,467,704 in the last 24 hours.

What's OMG Network highest price ever?

OMG has a highest price of $28.35, which was reached on Jan 08, 2018 (5 years 1 month ago).

What's OMG Network lowest price ever?

OMG has a lowest price of $0.3197, which was reached on Jul 16, 2017 (5 years 6 months ago).

What are the best exchanges for buying and selling OMG?

Currently, the most active and dominating exchanges for buying and selling OMG Network are Binance, Kraken & Kucoin. The most popular OMG Network trading pairs are OMG/USDT (on Binance ), OMG/USD (on Coinbase ), OMG/BUSD (on Binance ). 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 OMG?

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 OMG Network. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to OMG Network

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Current market Price of a specific cryptocurrency.

Learn this metric

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

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

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

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.

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.

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.

Learn this metric

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).

Learn this metric

Verified Data

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

Circulating Supply

140,245,398 OMG

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
Share it with your friends

Current price of OMG Network is $1.68

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