OmiseGo Price

OmiseGo is a cryptocurrency that operates on the Ethereum blockchain. It was launched in 2025 as a token designed to facilitate fast, secure, and scalable transactions. OmiseGo aims to improve the efficiency of financial services and payments by leveraging blockchain technology. The current price of OmiseGo is $0.1788, with a 24-hour trading volume of $934.08K. It has a circulating supply of 140.24M OMG and a total supply of 140.24M OMG. The token's market capitalization stands at $25.08M, ranking it 940 among all cryptocurrencies. OmiseGo offers several key features: 1. Scalability: It utilizes a layer-2 scaling solution to increase transaction throughput. 2. Low fees: Transactions on the OmiseGo network are designed to be cost-effective. 3. Interoperability: It aims to enable seamless value transfer between different blockchain networks. 4. Decentralized finance (DeFi) applications: The platform supports various DeFi use cases. Investors and traders can track OmiseGo's performance through metrics such as its 24-hour price change (-2.73%) and its all-time high of $25.62. As the project continues to develop and expand its ecosystem, it may attract more attention in the broader cryptocurrency market.

OmiseGo was created on July 14, 2017. It was launched as an ERC-20 token on the Ethereum blockchain, aiming to revolutionize payment systems and provide scalable solutions for decentralized finance. Since its inception, OmiseGo has been working on developing a layer-2 scaling solution for Ethereum, focusing on improving transaction speed and reducing costs. The project has evolved over the years, rebranding from OmiseGO to its current name in 2020. As of 2025-08-01, OmiseGo continues to be an active player in the cryptocurrency space, ranked 940 on CoinMarketCap with a market cap of $25.08M and a circulating supply of 140.24M OMG.

The founders of OmiseGo are Jun Hasegawa and Donnie Harinsut. They established OmiseGO (now known as OmiseGo) in 2017 as a subsidiary of Omise, a Southeast Asian payment services provider. Jun Hasegawa, who previously founded Omise, served as the CEO of OmiseGo, while Donnie Harinsut took on the role of COO. Their vision was to create a decentralized financial network that would enable seamless value exchange and payment services across multiple currencies and asset types. The project aimed to leverage blockchain technology to address financial inclusion and provide scalable solutions for the Ethereum ecosystem. Since its inception, OmiseGo has evolved into a layer-2 scaling solution for Ethereum, focusing on high-throughput and low-cost transactions. As of 2025-08-01, the project continues to develop under the leadership of its founding team, working towards its goal of improving blockchain scalability and accessibility.

OmiseGo operates on the Ethereum blockchain as an ERC-20 token. It utilizes a layer-2 scaling solution called Plasma to enhance transaction speed and reduce costs. The network employs a Proof-of-Stake consensus mechanism, where token holders can stake their OMG to validate transactions and secure the network. OmiseGo aims to facilitate fast, low-cost transfers and payments, particularly for e-commerce and decentralized finance applications. The platform also supports the creation of decentralized exchanges and other DeFi services. With a total supply of 140.24M OMG tokens, OmiseGo has a current market cap of $25.08M and is trading at $0.1788 as of 2025-08-01. The network's scalability features allow it to process thousands of transactions per second, making it suitable for high-volume use cases in the blockchain ecosystem.

OmiseGo utilizes a layered architecture to achieve scalability and security. At its core, it's built on Ethereum as an ERC-20 token, leveraging the security of the Ethereum blockchain. The main technical components include: 1. Plasma: A layer-2 scaling solution that enables faster and cheaper transactions by processing them off-chain and periodically committing batches to the Ethereum mainnet. 2. More Viable Plasma (MoreVP): An improved version of Plasma that enhances security and reduces exit costs for users. 3. Decentralized Exchange (DEX): A built-in exchange mechanism that allows for seamless token swaps. 4. Watcher nodes: These monitor the network for potential malicious activities and ensure the integrity of transactions. 5. Child Chain: Where most transactions occur, reducing congestion on the Ethereum mainnet. 6. Root Chain: The Ethereum mainnet where final settlements and dispute resolutions take place. This architecture allows OmiseGo to process thousands of transactions per second while maintaining the security guarantees of Ethereum. The network also supports smart contracts and integrates with various DeFi protocols, making it a versatile platform for decentralized applications and financial services.

The future of OmiseGo looks promising as it continues to evolve within the Ethereum ecosystem. The roadmap focuses on enhancing scalability, security, and interoperability. Key developments include: 1. Layer 2 scaling: Improving transaction speed and reducing fees through optimized Plasma implementation. 2. Cross-chain integration: Enabling seamless asset transfers between different blockchain networks. 3. DeFi expansion: Developing new decentralized finance products and services on the OmiseGo platform. 4. Governance upgrades: Implementing a more decentralized decision-making process for network upgrades. 5. Enterprise adoption: Partnering with businesses to integrate OmiseGo solutions for real-world use cases. By 2026, we expect to see significant progress in these areas, with increased transaction throughput and reduced costs. The team aims to position OmiseGo as a leading player in the payments and scaling solutions space by 2027. Long-term goals include: - Achieving full decentralization by 2030 - Expanding the ecosystem to support millions of daily users - Becoming a top 100 cryptocurrency by market cap While the current price of $0.1788 and market cap of $25.08M may seem modest, the potential for growth is substantial as these roadmap milestones are achieved. Investors should watch for successful implementation of scaling solutions and increased adoption as indicators of future success.