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Highlights
- Osmosis (OSMO) crypto is primarily an automated market maker (AMM), which is built on the Cosmos blockchain network.
- Osmosis is built for liquidity providers, wherein a significant number of tokens are reserved for these providers as incentives for their contributions.
- On 18 February, the OSMO token was trading at US$9.08 with a trading volume of US$83,030,249 over a day.
Osmosis (OSMO) crypto is primarily an automated market maker (AMM), which is built on the Cosmos blockchain network. With the Cosmos SDK, developers can seamlessly build, design, and deploy their customized AMMs.
Osmosis is built for liquidity providers, wherein a significant number of tokens are reserved for these providers as incentives for their contributions. In fact, it’s one of the first Cosmos projects to introduce the liquidity incentive option.
Osmosis ecosystem has had a good run in the last two weeks seeing rallies of over 13% in the past 14 days and 5% over the past week. However, on 18 February, the Osmosis ecosystem was trailing at the time of writing, according to CoinMarketCap.
What makes Osmosis a unique protocol?
Osmosis is configured with the Inter-Blockchain Communication (IBC) platform, which allows it to connect with the Cosmos chain ecosystem. This helps Osmosis to integrate even with the non-IBC chains, thereby expanding its reach.
The Osmosis native asset offers the users’ voting rights, allocates liquidity and sets the base network swap fee and governance. In fact, Osmosis has been gaining traction for quite some time and its constant bullish streak helped the token achieve its all-time high of US$10.96 on 17 January.
How is OSMO token faring?
On 18 February, the 25th ranked OSMO token was trading at US$9.08 with a 24-hour trading volume of US$83,030,249 over a day. After setting the all-time high, OMSO has somewhat reversed all the gain a bit. At the time of drafting, it was down by 1.95% with a live market cap of US$2,576,649,898 and 282,464,369 OSMO coins in circulation.
Inspired by the likes of Balancer, Uniswap, and Curve Finance, the Osmosis makes the most from the three AMMs. Recently, Osmosis protocol had announced that it will be now spreading its wings to launch a new bridge, which will allow the trading for Ethereum assets. Co-founded by Sunny Aggarwal, the Osmosis through the Gravity Bridge, an IBC, aims at slashing system for validators who underperform.
Conclusion
Many experts view the Osmosis ecosystem as one of the best kept secrets of the crypto market. In fact, recently, Osmosis was amongst the top 10 chains by TVL, which gained 71% in three months. Overall, it does seem to have right tokenomics to grow further. However, with cryptos being volatile, the investors need to be careful and do their due research before investing.
