Unprecedented growth has been witnessed in the market as Osmosis lights it up with an 80% run in the last 14 days. Let's delve into the factors contributing to this surge and the potential implications for the financial landscape.
Osmosis, a decentralized exchange, has made its way to the front page of CoinGecko
Its token has repeatedly rallied in the new year.
- The price action makes OSMO the 73rd most valuable digital asset in the world.
- Price isn’t the only factor looking up for the decentralized exchange (DEX).
- The company notched an all-time high of $112M in volume on Jan. 4, which is enough to push its daily volume above that of Curve Finance.
Bonding curve
Osmosis uses an automated market maker (AMM) model
- Users provide the liquidity necessary for trading
- As people trade, the amount of assets in a given pool adjust, according to a formula called a bonding curve.
- The company aims to differentiate itself from other AMM by offering customizable bonding curves suitable for different situations.
Cosmos Ecosystem
The exchange has additional feautres coming down the pipe
- Integration of both ETH and BTC into the Cosmos ecosystem
- Protocols that Osmosis Foundation and Confio, which develops CosmWasm, a smart contracting platform, are collaborating to develop
