Osmosis (OSMO) is a breakout crypto project within the Cosmos ecosystem aiming to achieve a lot of things. Fortunately, it is in the news for the right things. So, there was a recent surge in this token, increasing the price by as much as 135% within a month. Note that this is just the author’s opinion and not financial advice.
What Does Osmosis (OSMO) Stand For?
- Osmosis (OSMO) is a massive crypto project that houses itself within the Cosmos ecosystem. So, the basic function of this project is that it serves as a decentralized exchange (DEX) for the Cosmos blockchain. Apparently, the primary goal of this project is to promote the sovereignty and interoperability of blockchains within Cosmos. Notably, there’s also the provision of non-IBC assets bridged from the Ethereum and Polkadot ecosystems. So, Osmosis (OSMO) is coming a long way. Originally, it was operating on the Balancer-style pools.
- But it is no longer working that way. So, there was a shift to a more sustainable concentrated liquidity model. With this new model, there was a more pleasant user experience and quality features. Furthermore, creating Osmosis (OSMO) brings more value to the Cosmos blockchain. Apparently, Osmosis brought the development of Superfluid Staking to the Cosmos. So, with the development of this Superfluid Staking, Osmosis was in an LP position to add to chain security and earn staking rewards.
Osmosis (OSMO) Surging to New Levels: What Are the Driving Forces?
- One of the things making the news was about Osmosis (OSMO) increasing to massive levels. So, there was a surge of more than 135% from this token within 30 days. Nevertheless, there were some driving forces behind this massive surge. One of them was the availability of customizable liquidity pools. So, this was one of the things attracting investors to this crypto project.
- Another driving force is the impact of the community on decisions happening around the crypto project. So, those with liquidity pool shares have the right to participate in the strategic decision-making of the liquidity pool. Also, the idea of AMMs as serviced infrastructure is one of the things making Osmosis (OSMO) surge massively.
Osmosis Latest Price Update
- In the latest price update for Osmosis (OSMO), there’s a slight decrease in the massive surge. So, this is part of the price retracement happening to the token. Perhaps, after this retracement, more surges might be waiting for traders. At the time of writing, the price of this token is $1.59. Moreover, there’s a decrease of more than 1% in the daily charts. However, there’s still a slight increase of 5% in the weekly charts. Ultimately, there’s still a surge of more than 130% in the monthly chart.
Conclusion
Osmosis (OSMO) is having a fantastic period in the crypto market. As a recap, there are a lot of things making it possible for this token to surge. One is the availability of customizable liquidity pools, attracting many investors. Others are the participation of the community in decisions and also the provision of AMMs as serviced infrastructure.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
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