The edge that pays for itself.
OMG Network (OMG) Price
OMG Network Price
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Bitspay | OMG/BUSD | 0.21 | 130,499.18 | 135,991.07 | 5.85 M | 0.89 | cex | 423.00 | 4/26/2025, 2:51 PM |
| Bitspay | OMG/USDC | 0.18 | 85,140.88 | 91,664.70 | 1.57 M | 1.70 | cex | 628.00 | 7/9/2025, 6:21 AM |
| Bitspay | OMG/BTC | 0.18 | 104,691.40 | 112,628.12 | 928,675.00 | 1.01 | cex | 628.00 | 7/9/2025, 6:21 AM |
| Bitspay | OMG/BNB | 0.18 | 1.18 M | 1.14 M | 827,120.51 | 0.90 | cex | 718.00 | 7/9/2025, 6:21 AM |
| Bitspay | OMG/ETH | 0.18 | 183,228.28 | 143,155.53 | 710,630.65 | 0.77 | cex | 693.00 | 7/9/2025, 6:21 AM |
| Gate | OMG/USDT | 0.18 | 646.15 | 1,110.72 | 677,751.51 | 0.03 | cex | 251.00 | 7/9/2025, 6:23 AM |
| Bibox | OMG/USDT | 0.18 | 52,072.20 | 55,306.72 | 661,407.94 | 0.25 | cex | 238.00 | 7/9/2025, 6:21 AM |
| CoinW | OMG/USDT | 0.18 | 35,697.77 | 37,125.68 | 623,748.91 | 0.03 | cex | 449.00 | 7/9/2025, 6:21 AM |
| BtcTurk | Kripto | OMG/TRY | 0.18 | 13,824.52 | 46,694.09 | 447,231.90 | 0.26 | cex | 336.00 | 7/9/2025, 6:23 AM |
| TruBit Pro Exchange | OMG/USDT | 0.18 | 9,550.75 | 6,111.46 | 396,175.28 | 0.10 | cex | 152.00 | 7/9/2025, 6:21 AM |
OMG Network FAQ
OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution developed for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is engineered to enable users to transfer ETH and ERC20 tokens significantly faster and at a lower cost than transacting directly on the Ethereum network. The network utilizes a unique scaling solution called MoreViable Plasma, which employs a sidechain architecture to group multiple transactions off-chain into a batch that can subsequently be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS), compared to the 10 to 14 TPS that Ethereum 1.0 currently supports. The network is driven by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network and will eventually be available for staking — contributing to the network's security in exchange for rewards.
The OMG Network is currently comprised of a team of more than 50 employees located around the globe. It was established by Vansa Chatikavanij, who hails from Thailand, and functions as a subsidiary of SYNQA, a fintech company based in Thailand and formerly known as Omise Holdings. Vansa Chatikavanij, the founder of the project, earned a master’s degree in earth and environmental sciences from Columbia University in New York. Before founding OMG Network (previously OmiseGo) in 2017, Chatikavanij held various consultancy positions at notable financial organizations, including the International Finance Corporation (IFC) and World Bank Group. Chatikavanij was the managing director of the company until 2019, after which she assumed the role of CEO, a position she maintains to the present day. Additionally, Stephen McNamara, who previously led blockchain R&D strategy at Huawei Technologies, serves as the COO of OMG Network. Meanwhile, Kasima Tharnpipitchai, a seasoned engineer and consultant, operates as its CTO.
OMG Network aims to address the substantial speed and cost barriers of Ethereum that must be overcome for mainstream businesses to adopt the network for developing their products and applications. The OMG Network project is designed to enhance Ethereum's appeal to businesses and projects looking to scale efficiently while minimizing their carbon footprint. It accomplishes this through its plasma-based sidechain solution, which can reduce electricity consumption by up to 99% compared to Ethereum and lower fees by approximately two-thirds, all while ensuring asset security through the Ethereum network. The platform is backed by $25 million raised during its initial coin offering (ICO) in 2017. Additionally, OMG Network's parent company, SYNQA, has recently secured an additional $80 million in Series C funding, receiving support from several prominent investment firms, including Toyota Financial Services Corporation and Sumitomo Mitsui Banking Corporation.
Similar to many cryptocurrencies, OMG Network tokens have a fixed maximum supply, precisely set at 140,245,398 OMG, which will not increase beyond this limit. In contrast to numerous other cryptocurrencies, this entire supply has been fully minted, with the majority currently in active circulation. Out of the total supply, 65.1% of tokens were allocated to investors, while 5% were distributed through an airdrop. The remaining 29.9% is retained by the project and team. Of this 29.9%, 20% is secured in the OMG Network reserve smart contract, designated for financing future developments and network validation, and the remaining 9.9% is allocated to the founding team. Both the OMG reserve and team allocations were initially locked for a duration of one year, which has now expired.
The OMG Network mainnet is set to transition to a proof-of-stake (PoS) consensus system. This transition will enable users to stake their tokens, thereby contributing to network security and earning rewards in return. Presently, the OMG Network's child chains operate under a proof-of-authority (PoA) consensus mechanism. This method is a simplified variant of proof-of-stake and is currently managed by a single block producer—OMG Network itself—which essentially stakes its reputation to maintain honesty. The OMG Network intends to shift to a proof-of-stake model once the necessary preparations are complete. Following this transition, OMG token holders will have the opportunity to participate in the network's security and success by delegating their stake to validators.
OMG tokens offer high liquidity and are available for purchase or trade on over 200 different exchange platforms, including several of the top 10 exchanges such as Coinbase Pro and Binance. Among the most popular trading pairs are OMG/USDT, OMG/BTC, and OMG/ETH. Additionally, OMG can be traded against various fiat currencies, including U.S. dollars (USD), euros (EUR), and British pounds sterling (GBP). To learn more about purchasing cryptocurrencies with fiat, refer to our straightforward guide.
Explore Stellar — a major competitor of OMG Network. Learn more about Polkadot — a high-speed blockchain capable of handling smart contracts. Delve into Ethereum 2.0 with Eulerpool Alexandria. Keep up with the latest trends through the Eulerpool Blog.
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