Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Cosmos DeFi hub Osmosis has benefited from a surge in trading volume.
ADOPTION NEWS

Cosmos DeFi hub Osmosis has benefited from a surge in trading volume.

By Crypto FlexsDecember 16, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cosmos DeFi hub Osmosis has benefited from a surge in trading volume.
Share
Facebook Twitter LinkedIn Pinterest Email

that much Osmo

+15.70%
The token is up more than 11% in the last 24 hours amid poor performance for most major cryptocurrencies.

The native token of the Osmosis DeFi hub network was trading at $1.32. According to The Block’s pricing page, it’s 9:28 a.m. ET today.

Over the past month, the token has recorded a significant rise of over 100%. According to analysts, this coincides with a noticeable surge in trading volume and increased network activity.

On-chain data from Osmosis Data Interface shows that trading volume on the flagship DEX has surged to over $241 million in the past week alone.

OSMO price is up more than 11% in the last 24 hours.

Osmosis trading volume surges

Nansen analyst Jake Kennis noted that while the protocol has implemented significant updates throughout 2022 and early 2023, “what was missing was volume and users, but that is now starting to recover.” Kennis added that trading volume for the largest dapp within the Osmosis protocol, the Osmosis decentralized exchange, was steadily increasing through November and December. “Trading volume is hitting a new high of $60 million per day,” he added.

Osmosis DEX trading volume has surged over the past month.

Nansen analyst explained the impact of increased trading volume on OSMO price dynamics. “As trading volume increases, OSMO’s inherent value capture through value capture mechanisms such as taker fees, proto revision modules, and transaction fees also increases,” Kennis added.

He also added that Osmosis is “the de facto DEX for all Cosmos assets and a complete layer 1 chain with many DeFi apps built on top of it.”

Kennis pointed out that there has recently been a growing adoption of the Osmosis protocol by several DeFi apps. “Osmosis is being priced as a full-featured decentralized finance chain rather than just a DEX,” Kennis said. He pointed out DApps like Mars Protocol, Margined, Membrane Finance, Levana, Namada, and Milkyway that have deployed on Osmosis or are planning to launch their protocols.

This comes as Osmosis recently proposed a merger with lending project UX Chain. This marks a major integration into the Cosmos ecosystem. If approved, the merger could integrate the lending logic and algorithms of Osmosis’ DEX and UX chains and create a comprehensive DeFi hub.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

L Bank plans to list Mollars after ICO ends

May 11, 2024

Avalanche Price Prediction: AVAX Pumps 16% Over Time to Buy This Coin Ready to Explode with Bitcoin ETF Approvals.

December 11, 2023

DeFi Exchange dYdX Announces Postmortem Analysis of $9 Million November Attack

January 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.