Omni Network Price

(OMNI)
USD($)
Omni Network (OMNI) Live Price Chart

Omni Network Live Price Data

The live price of Omni Network is $14.76, with a total trading volume of $ 95,684 in the last 24 hours. The price of Omni Network changed by -7.34% in the past day, and its USD value has increased by +1.14% over the last week. With a circulating supply of 10,391,492 OMNI, the market cap of Omni Network is currently 155.64M USD, marking a --% increase today. Omni Network currently ranks #-- in market cap.
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Note: This data is for reference only.
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Omni Network(OMNI) Profile

altRank--
rate--
Expand
Documentation
Explorer
Contract
Ethereum 0x36e66f...9d4
Audited By
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Code & Community
Investors
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$14.470
$15.930
$54.230
-0.33%
-7.34%
+1.14%
$155.64M 
$17,044 
10,391,492
100,000,000

About OMNI

How can I buy Omni Network (OMNI)?

Buying OMNI on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Omni Network (OMNI) for more information.

What Is Omni Network (OMNI) Crypto?

Omni Network is a blockchain platform designed to unite all Ethereum rollups into a cohesive, interoperable system. This innovative layer 1 blockchain uses a novel architecture called "restaking," which helps secure the network. Validators and delegators play a significant role in this system, where validators verify protocol messages and manage rewards while delegators contribute to network security by staking their tokens with chosen validators.

The primary aim of Omni Network is to address the fragmentation caused by the proliferation of rollups on Ethereum, which tends to isolate users and their assets into separate ecosystems. By integrating all Ethereum rollups, Omni Network facilitates a unified environment that enhances the efficiency and interconnectedness for developers and users alike. Developers can build decentralized applications (dApps) that operate seamlessly across the entire Ethereum rollup landscape, thereby avoiding the need to create separate versions for each rollup.

Moreover, the network's native token, OMNI, plays multiple roles, including governance, where token holders can vote on proposals concerning the network’s future and protocol upgrades. Omni Network's approach promises scalability and seamless user experiences across different rollups, offering a solution to Ethereum's current scalability and fragmentation challenges.

In April 2024, Omni Network was introduced as Binance's 52nd Launchpool project, highlighting its growing significance in the blockchain industry.

How Does Omni Network Work?

Omni Network operates as a blockchain designed specifically to integrate all Ethereum rollups, addressing the issue of fragmentation in the Ethereum ecosystem. It utilizes a novel approach called "restaking," which is central to its operations. Here's a breakdown of how it functions:

Omni Network’s Restaking Mechanism

Omni Network uses a method known as restaking, where validators on the network stake Ethereum tokens (ETH). This mechanism is essential for securing the network and maintaining a consistent and secure state across different rollups. Validators who participate in restaking help verify and agree on state updates from various rollups, integrating them into a unified state managed by the Omni network.

Security and Consensus

The consensus on the Omni Network is driven by the restaking process, where validators confirm the validity of state transitions across rollups. If a validator attests to an incorrect state update, their staked ETH can be penalized, ensuring accountability and security.

Interoperability and Unified Architecture

By serving as a hub that connects all rollups, Omni provides a seamless environment where developers can create dApps that are operable across the entire Ethereum rollup landscape. This architecture reduces the need for multiple versions of the same application on different rollups, simplifying development and user interaction.

Portal Contracts for Integration

Omni facilitates interactions between different rollups via portal contracts. These contracts allow messages and state updates to flow between rollups and the Omni Network, ensuring that the entire system remains up-to-date and interconnected. The Omni Network itself is Turing complete, meaning it can support a wide variety of programmable operations beyond simple message passing.

Global Applications

Developers using Omni can build applications that are globally accessible across all connected rollups. This capability significantly broadens the potential user base and liquidity access for applications, providing a substantial competitive advantage in the dApp space.

History of Omni Network and OMNI Coin

Omni Network was launched in 2021 and was founded by a team of Harvard computer scientists. This team aimed to address the fragmentation in the Ethereum ecosystem by creating a blockchain that unites all Ethereum rollups through a secure and interoperable network. The founders envisioned Omni as a global, programmable layer to simplify the deployment of secure, cross-rollup applications, thereby enhancing the interoperability within Ethereum's diverse and expanding ecosystem​.

Omni Network launched its native token OMNI as part of its listing on Binance Launchpool in April 2024. $OMNI was listed for trading on KuCoin in the same month.

What Is OMNI Token Used for?

The primary uses of the OMNI token include:

Decentralized Governance of Omni Network

OMNI token holders can participate in governance decisions, influencing the development and operational parameters of the network, such as protocol upgrades and governance policies.

Security and OMNI Staking

The token is used in the restaking process that secures the network. Holders can stake their OMNI tokens, which helps maintain the blockchain's integrity and security.

Transaction Fees and Incentives

OMNI tokens are used to pay for transaction fees on the network. They also serve as incentives for validators and other network participants contributing to the ecosystem's operations and security.

Developer Engagement and Ecosystem Development

The token engages developers by enabling them to create and deploy dApps across all Ethereum rollups facilitated by the Omni Network. This fosters a rich development environment and promotes broader ecosystem growth.

Trade Omni Network Token on KuCoin

Trade $OMNI against other cryptocurrencies on the KuCoin Spot Market to profit from changing market conditions and volatility, based on your research (DYOR). Buy, sell, or HODL OMNI crypto, depending on your analysis, investment goals, and risk tolerance.

Omni Network (OMNI) Price Movements ($)
PeriodChangeChange (%)
Today$-1.12-7.10%
7 Days$0.1661.14%
30 Days$-10.65-41.92%
3 Months$13.26884.53%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Omni Network Conversion Rate
  • 1 OMNI to USD$14.76
  • 1 OMNI to EUR€13.63
  • 1 OMNI to AUD$22.28
  • 1 OMNI to KRW₩20,161.96
  • 1 OMNI to JPY¥2,314.37
  • 1 OMNI to GBP£11.6
  • 1 OMNI to INR₨1,229.31
  • 1 OMNI to IDRRp236,760.28
  • 1 OMNI to CAD$20.2
  • 1 OMNI to RUB₽1,332.36

FAQ

How much is 1 Omni Network (OMNI) worth?
KuCoin provides real-time USD price updates for Omni Network (OMNI). Omni Network price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time OMNI to USD exchange rates.
Is Omni Network (OMNI) a Good Investment?

Investing in Omni Network (OMNI) presents several potential advantages, particularly because of the unique features and strategic initiatives of the platform:

Enabling Interoperability and Scalability in the Ethereum Ecosystem

Omni Network aims to address the fragmentation in the Ethereum ecosystem by connecting all Ethereum rollups into a unified, interoperable network. This could lead to increased adoption and usability of decentralized applications (dApps) across different rollups, benefiting the entire Ethereum ecosystem.

Advanced Security and Staking

The network utilizes a restaking mechanism to secure its blockchain, which not only enhances security but also provides staking opportunities for token holders. This mechanism helps secure the network and allows participants to earn rewards, making it an attractive feature for potential investors​.

Omni Network’s Strategic Partnerships

Omni Network has secured significant partnerships and financial backing, such as a $600 million deal with Ether.Fi to enhance the security of the EigenLayer ecosystem. Such substantial investments and partnerships demonstrate confidence in the network's future and technological capabilities, which could benefit investors looking at long-term value​.

Growth and Development Potential

The platform’s focus on reducing latency and improving the efficiency of transactions across Ethereum’s multiple rollups suggests that Omni Network is well-positioned to play a crucial role in the evolving blockchain landscape. This could increase demand for the OMNI token as the network's adoption rises.

Ecosystem Development

Omni Network is also actively engaged in expanding its ecosystem, which includes various projects that could drive further growth and utility of the OMNI token within the network.

What Is Omni Network Price Prediction?

Although the volatile nature of the crypto market makes it challenging to offer an accurate OMNI crypto price prediction, monitoring the following factors could better help you understand the price trends in the Omni Network token:

Level of Adoption and Usage of Omni Network

The extent to which Omni Network’s platform is adopted and used can significantly impact its token price. If the platform succeeds in integrating Ethereum rollups and is widely adopted for decentralized applications, this could drive demand for OMNI tokens, potentially increasing the $OMNI price.

Crypto Market Sentiment

General market conditions and investor sentiment towards cryptocurrencies also play a crucial role. Positive news, technological advancements within the network, or broader crypto market rallies can positively affect the OMNI Network price​.

Partnerships and Collaborations

Strategic partnerships or collaborations can lead to enhanced platform functionality or broader adoption, which could boost the OMNI crypto price. For instance, significant deals or integration with major blockchain projects could positively impact the OMNI token price​.

Technical Developments in Omni Network Ecosystem

Advances in the platform’s technology, such as upgrades that improve transaction speeds, reduce costs, or enhance security, could make the network more attractive to users and developers, potentially increasing the OMNI to USD price.

How to Participate in the OMNI Genesis Airdrop

The $OMNI Genesis Airdrop is an event initiated by the Omni Foundation in preparation for Omni's mainnet launch. This airdrop is designed to distribute 3,000,000 OMNI tokens, constituting 3% of the total supply.

The eligibility for the airdrop was determined retroactively as of April 3, 2024, and participants have 45 days from the opening of claims to collect their rewards. The airdrop is categorized into several sections aimed at different community members:

Omni Community Members

The largest portion of the Omni Network airdrop is reserved for community members, especially those active in early testnet phases, who contributed to building on the testnet and engaged in community growth activities.

EigenLayer Restakers

Those who have restaked $ETH through EigenLayer to support Omni’s security are also eligible for a part of the airdrop. The allocation here is based on the points accumulated through restaking activities.

Beacon Chain Solo Stakers

Addresses that have staked solo on Ethereum’s Beacon Chain are recognized for their role in supporting Ethereum's decentralization and are eligible for rewards.

NFT Holders

Holders of specific NFTs such as Milady Maker, Redacted Remilio Babies, and Pudgy Penguins are also recognized in the airdrop due to their contributions to the Ethereum ecosystem's cultural aspects.

You should check your eligibility on the $OMNI Genesis Airdrop page to participate. The airdrop aims to bolster the community's engagement with Omni's platform as it transitions to its mainnet phase​.

How to Stake OMNI on Omni Network

To stake OMNI tokens on the Omni Network, you'll need to follow these general steps, which involve interacting with the network's staking protocols and utilizing its restaking mechanism:

1. Set Up a Wallet: Ensure your wallet is compatible with the Omni Network and contains OMNI tokens.

2. Connect to Omni's Staking Interface: Access the Omni staking interface, which can be found on their official website or through their network's staking dashboard.

3. Choose a Validator: In the Omni Network, you can stake your tokens by delegating them to a validator. Validators are responsible for maintaining the network's security and integrity.

4. Delegate OMNI Tokens: Delegate your OMNI tokens to the chosen validator. This process typically involves specifying the amount of OMNI you wish to stake and confirming the transaction in your wallet.

5. Monitor Your Staking: After staking your OMNI tokens, you can monitor your staking performance and rewards through the Omni Network interface.

Omni employs a restaking mechanism that enhances security by allowing stakers to delegate not only OMNI tokens but also Ethereum-based assets via restaking protocols. This dual-layer security helps protect the network and reward stakeholders with potentially higher returns due to increased network activity and validation demand.

What is the all-time high price of Omni Network (OMNI)?
The all-time high price of Omni Network (OMNI) is $54.230. The current price of OMNI is down 0.73% from its all-time high.
What is the all-time low price of Omni Network (OMNI)?
The all-time low price of Omni Network (OMNI) is $13.420. The current price of OMNI is up 0.10% from its all-time low.
How much Omni Network (OMNI) is there in circulation?
As of 5 23, 2024, there is currently 10,391,492 OMNI in circulation. OMNI has a maximum supply of 100,000,000.
What is the market cap of Omni Network (OMNI)?
The current market cap of OMNI is $155.64M. It is calculated by multiplying the current supply of OMNI by its real-time market price of $155.64M.
How do I store Omni Network (OMNI)?
You can securely store your Omni Network in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your OMNI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Monero (XMR) to cash?
You can instantly exchange your Monero (XMR) for cash using KuCoin's Fast Trade feature. This feature enables you to convert XMR to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.