Omni Network crypto explodes amid staggering $1.4b derivatives volume
2025-07-11 15:18:32
Main Idea
Omni Network's native token OMNI surged 200% amid a booming crypto market, driven by increased trading volume, new Binance Wallet integrations, and high derivatives activity.
Key Points
1. Omni Network's OMNI token price rose from $1.53 to over $4.00, with a 200% surge, outpacing the top 500 cryptocurrencies.
2. Daily trading volume for OMNI increased by over 6,000% to $971 million, with significant spot volumes on Binance ($195M) and MEXC ($238M).
3. Binance Wallet integrated OMNI staking, offering users an 11% annual percentage rate for staking tokens to secure the network.
4. Open interest in OMNI derivatives jumped nearly 300% to $34 million, with $5.69 million in 24-hour liquidations, mostly from short positions.
5. The price spike coincided with $2.68 million in liquidations over the past 12 hours as OMNI's value skyrocketed.
Description
Omni Network took the cryptocurrency market by storm on Friday, with the native token pumping a staggering 200% as it outpaced the top 500 coins by market capitalization. As the crypto market revelled in the wake of Bitcoin ( BTC ) touching a new all-time high above $118k, the Omni Network ( OMNI ) crypto bid to steal the show. The altcoin , currently ranked 277 by market cap at just over $135 million, outpaced cryptocurrency peers as its price rose from lows of $1.53 to hit $5.40 across major e...
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