In the recent activities of the cryptocurrency market, Osmosis (OSMO), the governance token for the Osmosis network, experienced a slight dip of 0.1% against the U.S. dollar, trading at $0.53 or 0.00001439 BTC on major exchanges on Thursday. Despite this minor dip, it recorded a 7.9% increase over the past week, holding a market cap of $259.93 million with $12.24 million traded in the last day.
Osmosis, launched on February 19th, 2021, facilitates cross-chain transactions with DAO-gated dApps, using an Automated Market Maker (AMM) protocol. It serves as the governance token for the Osmosis network, allowing holders to vote on upgrades and allocate mining rewards.
In addition to Osmosis, other cryptocurrencies showed mixed performances. KILT Protocol experienced a significant surge of 27.6%, while Aidi Finance, Zoo Token, and CareCoin fell by 2.2%. OmniaVerse decreased by 13.4%, while Kitty Inu and Hokkaidu Inu increased by 1.9% and 1.2%, respectively. Lego Coin maintained its value, Jeff in Space decreased, and Lumi Credits increased.