Octopus Network
OCT Price
How is the price of Octopus Network (OCT) calculated?
The price of Octopus Network (OCT) is calculated in real-time by aggregating the latest data across 8 exchanges and 9 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Octopus Network Price Chart (OCT)
1h | 24h | 7d | 14d | 30d | 1y |
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0.2% | 0.0% | 14.3% | 6.1% | 10.8% | 51.6% |
OCT Converter
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$11,451,130 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.79 |
Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
4.68 |
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$14,548,703 |
Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
5.95 |
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$60,375.51 |
Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$2,446,127 |
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
78,708,941
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
100,000,000 |
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
100,000,000 |
OCT Historical Price
24h Range | $0.1447 – $0.1464 |
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7d Range | $0.1447 – $0.1697 |
All-Time High |
$7.02
97.9%
Jan 16, 2022 (over 2 years)
|
All-Time Low |
$0.09017
60.7%
Oct 19, 2023 (12 months)
|
How do you feel about OCT today?
What is Octopus Network?
Octopus Network is a multi-chain interoperable cryptonetwork for bootstrapping and running Web3.0 application-specific blockchains, aka appchains.
Appchains allow developers to customize their application in terms of governance structure, economic design, and underlying consensus algorithm — even at the bottom of the technology stack.
Appchains in the Octopus Network benefit from flexible and cost-effective leased security (LPoS), out-of-the-box multichain interoperability, complete infrastructure, and a ready-to-be-engaged community.
The Octopus Network reduces the cost of launching appchains by millions of dollars and can host an unlimited number of appchains.
How does Octopus Network work?
The Octopus Relay is a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market.
NEAR solves scalability issues with sharding technology to allow the network’s capacity to scale up as the number of nodes in the network increases.
Octopus appchains sit on the demand side of the market. They pay rent in their native tokens to lease security from the $OCT holders who stake on them.
Appchains are interoperable with NEAR protocol and Ethereum via the Rainbow Bridge and use an out-of-box IBC pallet to connect with any IBC enabled blockchains directly.
Any asset issued on Ethereum, NEAR, or any IBC enabled blockchain can be transferred into Octopus appchains trustlessly.
In the other direction, assets issued on appchains can be transferred trustlessly out to Ethereum, NEAR, and any IBC enabled blockchain.
Why was Octopus Network created?
Octopus Network was created to make Web3.0 accessible to all Substrate and Web3.0 developers by solving the problem of how to lower the cost of both bootstrapping and operating an application-specific blockchain.
Cosmos’ sovereign security and Polkadot’s shared security models risk pricing out start-up level Substrate development teams and can throw a newly launched appchain into hyperinflation.
But Octopus uses a leased security design (LPoS) which allows appchains to choose the level of security they need at any time and scale as necessary.
Octopus will be able to offer mass adoption for Web3.0 applications, which allows Web3.0 to be realized much sooner and by more protocols than other platforms.
Octopus Network sees a Web3.0 future where Octopus, Polkadot, Cosmos, and perhaps many other protocols all exist simultaneously to provide multichain options for all types of Web3.0 developers.
What is $OCT?
$OCT is the native token of the Octopus Network. It is a fungible, non-inflationary token. $OCT serves three primary functions in the Octopus Network Ecosystem:
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Collateral to guarantee appchain security
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Endorsing appchain candidates by upvoting them in the candidate queue
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Governance
Octopus Validators stake $OCT tokens to validate a particular appchain and set up a node to run that appchain’s protocol. In return, Validators are eligible to receive the respective native token of the appchain they are validating.
$OCT holders can delegate their $OCT to Validators for a share in the staking rewards of an appchain’s native token.
$OCT holders are able to endorse appchain candidates by upvoting them.
$OCT holders not only have the opportunity to diversify their portfolio with a variety of token assets by staking on different platforms, they also get to decide what protocols they would like to have the opportunity to stake on.
$OCT holders are also entitled to control the governance of the network by forming the Octopus Network DAO.
$OCT Token Release and Locking Schedule
The total supply of $OCT is fixed at 100 million.
All $OCT will be minted before the Octopus mainnet goes live.
30% of $OCT is allocated to 15% Seed + 12.5 Series A + 2.5% IDO. There is no lock for this portion.
5% of $OCT belong to the Octopus Foundation to be used to provide the initial security for appchains. While there is no locking for this portion, it won’t go to circulation because it’s designated for appchain staking.
Of the remaining 65%, the portion including 6% angel investors + 5% the strategic investor + 24% core team +10% Octopus Foundation will be released linearly over the course of three years after the token generation event (TGE).
Where can you buy Octopus Network?
OCT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Octopus Network is MEXC, where the most active trading pair OCT/USDT has a trading volume of $4,296.04 in the last 24 hours. Other popular options include LATOKEN and CoinEx.
What is the daily trading volume of Octopus Network (OCT)?
The trading volume of Octopus Network (OCT) is $60,375.51 in the last 24 hours, representing a -8.40% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Octopus Network (OCT)?
The highest price paid for Octopus Network (OCT) is BTC0.0001623, which was recorded on Jan 16, 2022 (over 2 years). Comparatively, the current price is -97.90% lower than the all-time high price.
What is the all-time low for Octopus Network (OCT)?
The lowest price paid for Octopus Network (OCT) is BTC0.052087, which was recorded on Oct 19, 2023 (12 months). Comparatively, the current price is 60.70% higher than the all-time low price.
What is the market cap of Octopus Network (OCT)?
Market capitalization of Octopus Network (OCT) is BTC185.0048 and is ranked #1353 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of OCT tokens (79 Million tokens are tradable on the market today).
What is the fully diluted valuation of Octopus Network (OCT)?
The fully diluted valuation (FDV) of Octopus Network (OCT) is BTC235.0492. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million OCT tokens are in circulation today. Depending on how the emission schedule of OCT tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Octopus Network compare against its peers?
With a price decline of -14.30% in the last 7 days, Octopus Network (OCT) is underperforming the global cryptocurrency market which is down -6.70%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
How to add Octopus Network (OCT) to MetaMask?
Adding Octopus Network (OCT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import OCT as a token. You can copy OCT’s contract address (0xf5cfbc74057c610c8ef151a439252680ac68c6dc) and import it manually, or if you've installed MetaMask's chrome extension, add OCT to MetaMask with one click on CoinGecko.
Add OCT to MetaMask.
Octopus Network Markets
# | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
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1 |
CEX
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$0.1449738023275153600000000000000000 | 0.04% | $75 | $575 | $4,296.00 | 7.12% |
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2 |
CEX
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$0.1452895306083379000000000000000000000 | 0.6% | $51 | $371 | $13,361.00 | 22.13% |
Recently
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3 |
CEX
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$0.1440924709473734000000000000000000 | 0.79% | $21 | $58 | $2,481.00 | 4.11% |
Recently
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4 |
CEX
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$0.14516873992117468000000000000000 | 0.55% | $301 | $218 | $1,197.00 | 1.98% |
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5 |
CEX
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$0.14599711797373466000000000000000 | 0.69% | $16 | $86 | $28,089.00 | 46.52% |
Recently
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Reports indicate that a hot wallet owned by BingX is being drained. Until further notice from BingX, please exercise caution when depositing funds into the exchange.
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6 |
CEX
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$0.1460601097238845800000000000000000 | 0.48% | $10,229 | $9,472 | $8,287.00 | 13.73% |
Recently
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According to this report, users claim to face difficulties withdrawing their funds from the exchange. Please exercise caution and DYOR when interacting with the exchange platform.
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7 |
DEX
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$0.14684149458754720000000000000000000000000000000000000000000000000 | 0.6% | $9,067 | $9,040 | $654.00 | 1.08% |
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8 |
DEX
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$0.200729046455912700000000000000000 | - | - | - | $1,316.00 | 2.18% |
Recently
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9 |
DEX
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$0.145339865009555920000000000000000000000000000000 | - | - | - | $733.00 | 1.21% |
Recently
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