Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
What is OMG Network?
OMG Network, (formally OmiseGo) is a layer-2 scaling solution for Ethereum. Instead of ethereum being capped at 25 tx/s with high gas fees, the OMG Network is said to be able to scale ethereum to thousands of transactions per second. Originally launched in 2017, the network has been in development until 2020 wherein they launched their primary offering called plasma chain. OMG Network is a chilld chain, or sidechain that is interoperable with ethereum. This allows users to transact much more cheaply with ERC20 tokens that are too expensive to swap on the base layer of ethereum.
OMG Network (OMG) is the 400th largest cryptocurrency in the world by market cap, valued at $155,355,394. The current price of OMG Network is $1.683, which is -2.261% lower than yesterday. Prices have ranged between $1.7595 and $1.67688 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of March 27, 2024 07:03 UTC.
Recent OMG Network developments
August, 2021: Decentralised infrastructure development company Enya launches the Boba network to implement an layer-2 ethereum scaling solution. The Boba network is labeled OMGX which by association boosted the price of OMG upon its release.
OMG Network (OMG) price
Use our graph to track the performance of (OMG) over time.How we keep this OMG Network guide up-to-date
- OMG price data is regularly updated through data feeds so you always have the latest information.
OMG Network at a glance
Information last updated March 27, 2024 07:03 UTC.
| Coin symbol | OMG |
|---|---|
| Coin Marketcap | AUD$155,355,394 |
| Total OMG supply | 140,245,398 |
| Circulating OMG | 140,245,398 |
| Current price | AUD$1.683 |
| All time high | AUD$59.976 |
| All time high date | January 13, 2018 |
| Notable team members | Vansa Chatikavanij |
| Partnerships | Quantstamp, Hydro Labs |
| Industry | Scaling solution |
| Token uses | Transaction fees, staking |
| Network | Ethereum |
OMG Network price performance over time
Historical prices compared with the price of $1.683.
| 1 hour | -0.63% |
|---|---|
| 24 hours | -2.26% |
| 7 days | 16.92% |
| 14 days | -15.72% |
| 30 days | 43.96% |
|---|---|
| 60 days | 67.60% |
| 200 days | 138.20% |
| 1 year | -38.05% |
Coins similar to Omisego
Disclaimer: Cryptocurrencies, including OMG Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of OMG is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the OMG Network or any other cryptocurrency discussed.
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