Osmosis Q4 2023 Status Report: Circulating Market Value increased by 400% compared to the previous quarter, and DEX trading volume increased by 241%
Messari released the Osmosis Q4 2023 status report, with the following details:
Osmosis DEX trading volume increased by 241% compared to the previous period, reaching a total quarterly trading volume of $3.7 billion. Osmosis introduced trading volume segmentation incentives and readjusted incentives in each period to target liquidity towards high-volume, low-cost pools.
Osmosis DEX daily active addresses increased by 67% compared to the previous period, averaging 21,000.
The circulating market value of OSMO increased by 400%, rising from $192 million to $961 million. OSMO's market value ranks among the top 70 crypto protocols.
Osmosis integrated with Celestia under a solution named Pipette, releasing bilateral liquidity from Celestia rollups and Cosmos ecosystem while addressing user experience challenges.
By transaction volume calculation, USDC became the second-largest token. Circle launched Cross-Chain Transfer Protocol (CCTP) on Noble platform enabling native USDC minting within Cosmos ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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