Omni Network’s Stratospheric Rise in Cryptocurrency Markets
The cryptocurrency world witnessed an remarkable event on Friday as Omni Network’s native token soared by a mind-blowing 200%. This performance effortlessly surpassed the leading 500 coins by market cap.
Wiht Bitcoin breaking through its record barrier at $118k, the crypto space was buzzing. Amidst this excitement, Omni Network (OMNI) made waves.
The price of OMNI climbed from $1.53 to $5.40 across major exchanges. The coin’s market cap is approximately $135 million, placing it at rank 277. The daily trading volume surged 6,000% to $971 million, indicating a ample flow between exchanges.
While the current price sits around $4.00, OMNI remains among the top gainers in 24 hours. Key factors behind this surge include some exciting updates from Binance.
The world’s biggest crypto exchange, Binance, introduced new integrations for its Wallet. This feature allows users to interact with a variety of decentralized apps. Omni Network topped this list, along with others like Momentum, Aarna AI, etc.
This integration lets Binance Wallet users stake OMNI directly from their mobile app. Stakers can get rewards at an annual rate of 11%, enhancing the token’s utility.
- Binance Wallet introduced new integrations for interactions with various decentralized applications.
- Traders embraced OMNI significantly, crossing $195 million on Binance and $238 million on MEXC.
- Derivatives’ open interest in OMNI jumped nearly +300% to $34 million.
the impetus of OMNI’s recent surge rested heavily on the wide acceptance by crypto platforms and expanding usage opportunities.
