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Cryptocurrencies:  7,487Markets:  31,848Market Cap:  $399,287,528,13324h Vol:  $107,859,295,016BTC Dominance:  60.9%
Market Cap:  $399,287,528,13324h Vol:  $107,859,295,016BTC Dominance:  60.9%Cryptocurrencies:  7,487Markets:  31,848
OMG Network

OMG Network (OMG)

$3.47 USD (3.25%)
0.00026578 BTC (0.89%)
0.00829918 ETH (-2.80%)
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  • Market Cap
    $486,643,508 USD
    37,275 BTC
    1,163,922 ETH
  • Volume (24h)
    $133,851,888 USD
    10,252 BTC
    320,138 ETH
  • Circulating Supply
    140,245,398 OMG
  • Historical data for OMG Network

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Oct 21, 2020
    3.14
    3.41
    3.13
    3.28
    124,734,468
    459,626,377
    Oct 20, 2020
    3.36
    3.38
    3.10
    3.15
    112,707,106
    441,172,040
    Oct 19, 2020
    3.41
    3.48
    3.26
    3.35
    116,391,847
    469,903,960
    Oct 18, 2020
    3.26
    3.43
    3.25
    3.41
    97,022,347
    477,720,778
    Oct 17, 2020
    3.24
    3.28
    3.14
    3.26
    105,388,599
    457,493,735
    Oct 16, 2020
    3.43
    3.49
    3.24
    3.24
    123,224,244
    454,973,642
    Oct 15, 2020
    3.34
    3.50
    3.25
    3.43
    144,951,300
    481,383,390
    Oct 14, 2020
    3.53
    3.55
    3.28
    3.36
    136,540,448
    470,959,998
    Oct 13, 2020
    3.64
    3.66
    3.47
    3.53
    126,506,529
    495,264,035
    Oct 12, 2020
    3.65
    3.72
    3.51
    3.63
    168,165,416
    509,726,634
    Oct 11, 2020
    3.63
    3.77
    3.53
    3.65
    164,014,673
    512,183,559
    Oct 10, 2020
    3.49
    3.86
    3.48
    3.64
    254,655,342
    510,158,409
    Oct 09, 2020
    3.39
    3.59
    3.29
    3.50
    202,270,891
    490,907,614
    Oct 08, 2020
    3.27
    3.46
    3.05
    3.37
    214,343,730
    473,312,537
    Oct 07, 2020
    3.37
    3.38
    3.12
    3.27
    192,330,604
    458,201,488
    Oct 06, 2020
    3.81
    3.83
    3.31
    3.37
    203,003,041
    472,894,254
    Oct 05, 2020
    3.63
    3.90
    3.63
    3.81
    175,342,415
    534,075,045
    Oct 04, 2020
    3.73
    3.76
    3.52
    3.63
    167,871,833
    509,709,808
    Oct 03, 2020
    3.82
    3.89
    3.73
    3.73
    180,825,840
    522,438,821
    Oct 02, 2020
    4.02
    4.24
    3.61
    3.82
    393,024,263
    536,165,710
    Oct 01, 2020
    4.00
    4.39
    3.89
    4.01
    348,382,438
    562,917,588
    Sep 30, 2020
    4.09
    4.11
    3.85
    4.03
    244,749,651
    565,052,688
    Sep 29, 2020
    3.76
    4.39
    3.76
    4.09
    600,643,703
    574,018,290
    Sep 28, 2020
    3.09
    4.25
    3.08
    3.78
    518,742,605
    530,154,375
    Sep 27, 2020
    3.10
    3.11
    2.98
    3.09
    95,118,425
    432,925,890
    Sep 26, 2020
    3.15
    3.19
    3.06
    3.10
    116,918,081
    435,235,854
    Sep 25, 2020
    3.12
    3.23
    2.95
    3.14
    136,335,439
    440,218,058
    Sep 24, 2020
    2.76
    3.15
    2.74
    3.12
    165,545,980
    437,631,971
    Sep 23, 2020
    3.23
    3.23
    2.72
    2.76
    246,964,528
    386,965,829
    Sep 22, 2020
    2.57
    3.25
    2.55
    3.23
    202,499,365
    452,822,497

About OMG Network

OMG Network price today is $3.47 USD with a 24-hour trading volume of $133,851,888 USD. OMG Network is up 3.25% in the last 24 hours. The current rank of OMG Network is #35 as listed on CoinMarketCap, with a market cap of $486,643,508 USD. It has a circulating supply of 140,245,398 OMG coins and the max. supply is not available. There are currently 258 markets trading it.

OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum. How the protocol processes transactions is centralized, but its Plasma-based design aims to decentralize network security. It also relies on Ethereum at its final arbitration layer. Most blockchain ecosystems are limited by low throughput, high and unpredictable transaction fees, and poor user experience. The project's team believes these are barriers that need to be overcome before businesses and developers will adopt blockchain for real-world applications, leading them to develop the OMG Network.

The core security proposition of Plasma revolves around honest users being able to exit the child chain (in other words, withdraw funds to the root chain) at any time. To exit the child chain, a user submits an exit transaction – along with an exit bond – to the root chain. The exit is subject to a "challenge period," during which any user can prove, if applicable, that the exit is invalid. If successfully shown to be invalid, the exit is not processed, and the challenger is awarded the exit bond. This exit game is solely dependent on the root chain.

As the child chain relies on the root chain to be its ultimate arbiter, it must periodically commit a hashed version of its state changes to the root chain by way of a smart contract. As opposed to submitting individual transaction data onto the root chain, the child chain bundles transactions into a Merkle tree and submits the root hash. Beyond these core elements, there is no prescribed configuration for a Plasma chain. They can take on different consensus protocols, block validation mechanisms, or fraud proofs. The design is adaptable to the use case. OMG Network is based on the Plasma MoreVP design, an extension of Minimum Viable Plasma optimized for the settlement of payments and value exchange between users and exchanges.

The original OMG Network team (under the OmiseGO name) co-authored the original Plasma white paper with Joseph Poon and was also the first project to perform an airdrop, a way to more widely share ownership of our token with the existing Ethereum community.

OMG Network Price

OMG Network Price$3.47 USD
OMG Network ROI
548.91%
Market Rank#35
Market Cap$486,643,508 USD
24 Hour Volume$133,851,888 USD
Circulating Supply140,245,398 OMG
Total Supply140,245,398 OMG
Max SupplyNo Data
All Time High
$28.35 USD
(Jan 08, 2018)
All Time Low
$0.319695 USD
(Jul 16, 2017)
52 Week High / Low
$9.43 USD /
$0.337152 USD
90 Day High / Low
$9.43 USD /
$1.52 USD
30 Day High / Low
$4.39 USD /
$2.72 USD
7 Day High / Low
$3.57 USD /
$3.10 USD
24 Hour High / Low
$3.57 USD /
$3.26 USD
Yesterday's High / Low
$3.41 USD /
$3.13 USD
Yesterday's Open / Close
$3.14 USD /
$3.28 USD
Yesterday's Change$0.133145 USD (4.23%)
Yesterday's Volume$124,734,468 USD
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