OXY

OxygenOXY

Rank #310
Token
On 9,532 watchlists

Oxygen Price (OXY)

$2.71
5.62%

0.00005407 BTC4.66%

0.0007117 ETH4.13%

Low:$2.68
High:$2.87
24h
OXY  Oxygen OXYPrice: $2.71 5.62%
Market Cap
$163,205,266
6.19%
Market Cap / TVL Ratio
21.78
Fully Diluted Market Cap
$27,063,486,268
5.62%
Total Value Locked (TVL)
$7,492,134
Volume
24h
$5,631,562
99.94%
Volume / Market Cap
0.03451
Circulating Supply
60,304,597.89 OXY
1%
Max Supply
10,000,000,000
Total Supply
10,000,000,000

Oxygen Chart

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OXY Price Live Data

The live Oxygen price today is $2.71 USD with a 24-hour trading volume of $5,631,562 USD. Oxygen is down 5.62% in the last 24 hours. The current CoinMarketCap ranking is #310, with a live market cap of $163,205,266 USD. It has a circulating supply of 60,304,598 OXY coins and a max. supply of 10,000,000,000 OXY coins.

If you would like to know where to buy Oxygen, the top exchanges for trading in Oxygen are currently FTX, Gate.io, Bitfinex, Uniswap (V2), and Sushiswap. You can find others listed on our crypto exchanges page.

What is Oxygen Protocol?

Oxygen is a DeFi prime brokerage service built on Solana and powered by Serum's on-chain infrastructure. Oxygen is built around Pools—baskets of assets that take collective actions. Starting with a borrow-lending facility, users will be able to earn yield and get leverage against their portfolios, setting the foundation for a vibrant and decentralised financial ecosystem.

The project launched in late 2020 with the release of its mainnet alpha. Oxygen is headquartered in Switzerland and the core team is made up of people who are passionate about building the financial infrastructure of the future. They collectively have decades of fintech experience, with 15 developers located around the world.

Oxygen’s ambition is to transform our current model of finance into one that is more accessible, fair and powerful than once imaginable. The first phase of Oxygen is a borrow-lending via a pools-based infrastructure. We next plan to create volatility trading agreements and structured product functions, so that developers can create their own structured products. Our ultimate vision is to recreate marketplace-esque business units which exist within investment banks and make them accessible to everyone.

What does Oxygen Protocol offer?

Oxygen’s first phase will be a borrow-lending protocol. Some key features distinguish Oxygen from its peers:

Market-based pricing: Oxygen is built around a pools-based infrastructure, wherein users can create a pool by depositing their assets and marking which ones to lend. Users set their lending parameters, including desired maturity and yield, whether as a market order or limit order. Oxygen will match borrowers and lenders with the Serum DEX on-chain order book (instead of through a pre-set, manually adjusted market model). Users thereby get a fair price for borrowing/lending.

Capital efficiency: Oxygen also allows for multiple use of the same collateral. Users can generate yield on their portfolio while borrowing other assets at the same time. Furthermore, users can utilize all of their portfolio across multiple asset types as collateral when borrowing (cross-collateralization). This should mean lower liquidation risk for user portfolios.

Streamlined in-pool trading: Since Oxygen allows users to interact with the Serum ecosystem and DEX directly from their pools (rather than having users continually deposit/withdraw from accounts), a streamlined trading process is made possible.

Sophisticated products: Because Oxygen uses a general on-chain risk management engine evaluating each user’s pool rather than a fixed borrow/lending model, Oxygen can support arbitrary products: tokens, synthetic products, nonlinear assets, and more; all cross-margined in the same account.

Liquidity: Oxygen will also be seeded with the 140M registered users from Maps.me’s user base who will generate yield from their embedded wallets. This will jump start Oxygen as one of the largest fintech applications. We have other liquidity provisions in place too, including support from Alameda and leading HFT firms.

Scalability: Oxygen is also built on Solana blockchain, which can support over 50,000 TPS, with block times of 400ms and transaction costs of approx. $0.00001, meaning Oxygen has scalability as a completely on-chain P2P borrow-lending and prime brokerage protocol.

Platform and Technology

Oxygen protocol is built on the Solana network. OXY will however be available as both an SPL (native) token and ERC-20, supporting full interoperability between Ethereum and Solana.

Oxygen will run on Serum DEX and Solana, which feature a fully automated on-chain order book and 50K+ transactions per second at a cost of $0.01 / 100 per transaction

Team/Backers/Investors

Oxygen was co-founded by Alex Grebnev and Viktor Mangazeev. Alex Grebnev has over 16 years of investment banking experience (Goldman Sachs and Merrill Lynch). Viktor is a serial technology entrepreneur and has worked as CIO for a number of large companies. Oxygen’s strategic investors include and DeFi ecosystem partners include Alameda Research, Serum, FTX, Genesis Capital, CMS, MultiCoin, and other leading HFT firms.

Target market (Geographical focus)

We are targeting a number of segments. Our main segment is the general DeFi market and users who are interested in order-book matched, fair borrowing and lending rates (in our first phase) and more sophisticated financial services sets (in our later phases). We are targeting DeFi users all around the world and are running a number of marketing and promotional campaigns across multiple regions to spread awareness of what we’re bringing.

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OXY

Oxygen

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USD

United States Dollar

OXY Price Statistics

Oxygen Price Today
Oxygen Price$2.71
Price Change24h$-0.1611
5.62%
24h Low / 24h High
$2.68 /
$2.87
Trading Volume24h$5,631,561.64
99.94%
Volume / Market Cap0.03451
Market Dominance0.01%
Market Rank#310
Total Value Locked (TVL)$7,492,134
Oxygen Market Cap
Market Cap$163,205,265.70
6.19%
Fully Diluted Market Cap$27,063,486,268.20
5.62%
Oxygen Price Yesterday
Yesterday's Low / High
$2.79 /
$2.92
Yesterday's Open / Close
$2.90 /
$2.79
Yesterday's Change

3.96%

Yesterday's Volume$4,146,195.84
Oxygen Price History
7d Low / 7d High
$2.68 /
$3.14
30d Low / 30d High
$2.58 /
$3.49
90d Low / 90d High
$2.49 /
$4.14
52 Week Low / 52 Week High
$2.49 /
$4.14
All Time High
Mar 16, 2021 (2 months ago)
$4.14
34.56%
All Time Low
Mar 25, 2021 (2 months ago)
$2.49
8.49%
Oxygen ROI
No Data
Oxygen Supply
Circulating Supply60,304,598 OXY
Total Supply10,000,000,000 OXY
Max Supply10,000,000,000 OXY