The 24-hour chart shows a downtrend. Yesterday’s price was $ 5.23, which subsequently fell to its lowest price for that period of $ 5.08. In 11 hours, the worth jumped to its highest point at $ 5.49. However, it has fallen back and the current price is $ 5.08. Market stats show its market cap is $944,938,877. Moreover, Osmosis (OSMO) has a circulating supply of 180 Million OSMO coins and a total supply of 325 Million.
As part of the Cosmos ecosystem, Osmosis is currently ranked 97th by market cap. Osmosis is a decentralized exchange, that is, an enhanced AMM (Automated Marketplace Maker) protocol built using DEX and the Cosmos SDK, which allows developers to design, build and deploy their own AMMs. The total cost of the Osmosis platform has already surpassed $ 500 million in Total Value Locked. Osmosis has also made its first major blockchain upgrade, according to the analyst. The update significantly shortens the significant time period, and also provides developers with new tools for developing Osmosis along with a roadmap.
