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.
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