Osmosis 2023 Q4 Status Report: Circulating Market Cap Up 400% QoQ, DEX Trading Volume Up 241% QoQ

TechFlow News, Messari has released the Osmosis Q4 2023 State Report with the following details:

• Osmosis DEX trading volume increased by 241% quarter-over-quarter, reaching a total quarterly volume of $3.7 billion. Osmosis introduced volume-split incentives, periodically readjusting rewards to direct liquidity toward high-volume, low-fee pools.
• Daily active addresses on Osmosis DEX grew 67% quarter-over-quarter, averaging 21,000.
• OSMO's circulating market cap surged 400% quarter-over-quarter, rising from $192 million to $961 million. OSMO now ranks among the top 70 largest crypto protocols by market capitalization.
• Osmosis integrated with Celestia through a solution called Pipette, unlocking bidirectional liquidity between Celestia rollups and the Cosmos ecosystem while also addressing user experience challenges.
• In terms of trading volume, USDC became the second-largest token. Circle launched the Cross-Chain Transfer Protocol (CCTP) on Noble, enabling native USDC minting within the Cosmos ecosystem.