Omni (OMNI) is a blockchain-based digital asset built on the Bitcoin network, leveraging its infrastructure to enable advanced functionalities such as token creation, decentralized exchanges, and smart contracts. Originally launched in 2013 as Mastercoin, the project rebranded to Omni in 2015 and has since played a foundational role in the evolution of layered blockchain protocols. While not as widely discussed today as newer platforms, OMNI holds historical significance and continues to support niche use cases within the crypto ecosystem.
This comprehensive overview explores the current state of Omni, including price trends, market dynamics, technological background, and potential future developments — all while providing real-time insights to help investors and enthusiasts make informed decisions.
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Current Omni Price and Market Data
As of today, the Omni (OMNI) price stands at ¥359.73 JPY, with a 24-hour trading volume of ¥1,335.36 JPY. Over the past day, OMNI has shown no significant change, reflecting low volatility and limited market activity. The asset currently ranks #6059 on CoinMarketCap, indicating minimal presence in the broader cryptocurrency landscape.
Despite its early innovation, Omni's market cap remains unlisted due to insufficient data on circulating supply and maximum supply. This lack of transparency can be attributed to reduced development activity and limited exchange listings in recent years.
The absence of clear supply metrics makes it difficult to assess long-term value potential or compare OMNI directly with more transparent projects. However, for those interested in the technical underpinnings of early smart contract systems, OMNI remains a noteworthy case study.
Historical Price Performance
Omni reached its all-time high on December 25, 2013 — just months after its initial launch — when it surged to a peak value during the first major wave of crypto enthusiasm. That record remains unchallenged for over a decade, highlighting both the project’s pioneering status and its stagnation in mainstream adoption.
Conversely, the all-time low was recorded on October 29, 2023, reflecting declining interest amid a bearish market cycle and minimal updates from the development team. This dip underscores the challenges faced by legacy protocols that fail to evolve alongside faster, more scalable alternatives.
While historical data suggests limited price momentum in recent years, OMNI’s original vision laid the groundwork for later innovations like Ethereum’s ERC-20 standard and Bitcoin-based token protocols such as RGB and Ordinals.
Technology Behind Omni
Omni operates as a layer atop the Bitcoin blockchain, utilizing transaction metadata to encode complex operations without requiring changes to Bitcoin’s core protocol. This approach enabled features such as:
- User-issued tokens
- Decentralized currency exchanges
- Smart contracts (basic scripting)
- Trustless currency conversion
One of Omni’s most notable contributions was facilitating the first version of Tether (USDT), originally issued as "RealCoin" on the Omni Layer. This established a precedent for stablecoins — now a cornerstone of the crypto economy — proving that blockchain networks could support fiat-pegged digital assets.
Although newer platforms have since taken over stablecoin issuance due to higher throughput and lower fees, Omni's role in this innovation cannot be overstated.
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Market Availability and Trading Options
Despite its technical legacy, Omni’s presence across exchanges has significantly diminished. Today, trading options are limited primarily to decentralized platforms (DEXs) and a few smaller centralized exchanges (CEXs). There are currently no major derivatives markets offering perpetual or futures contracts for OMNI.
Available trading categories include:
- Spot Markets: Direct buying and selling of OMNI tokens
- Decentralized Exchanges (DEX): Peer-to-peer trading via non-custodial wallets
- Centralized Exchanges (CEX): Limited listing availability
Due to low liquidity and sparse trading volume, investors should exercise caution when entering or exiting positions. Price slippage and extended order fulfillment times are common issues associated with thinly traded assets like OMNI.
Community and Ecosystem Development
The Omni community remains small but technically focused. While social media engagement and developer activity have waned compared to peak years, there is still interest among blockchain researchers and historians studying early second-layer solutions.
Related cryptocurrencies often grouped with OMNI include other Bitcoin-layer projects like Liquid Network tokens and Stacks (STX), which also aim to extend Bitcoin’s functionality beyond simple payments.
Though not among the most viewed or trending digital assets today, OMNI retains relevance in discussions about blockchain evolution and the origins of programmable money.
Frequently Asked Questions (FAQ)
Q: What is Omni (OMNI) used for?
A: Omni is a protocol layer on Bitcoin that enables token creation, decentralized exchanges, and basic smart contracts. It was notably used for issuing early versions of Tether (USDT).
Q: Is Omni built on Ethereum?
A: No. Omni runs on top of the Bitcoin blockchain using transaction metadata, not on Ethereum or any other smart contract platform.
Q: Can I buy OMNI on major exchanges?
A: Major exchanges like Binance or Coinbase do not currently list OMNI. It may be available on smaller CEXs or through DEXs with low liquidity.
Q: What was OMNI’s original name?
A: Omni was initially launched as Mastercoin in 2013 before rebranding in 2015 following protocol upgrades and community feedback.
Q: Does OMNI have a fixed supply?
A: Public data on maximum or circulating supply is unavailable, making it unclear whether OMNI has a capped issuance model.
Q: Is Omni still actively developed?
A: Development activity has slowed significantly since the mid-2010s. While the protocol remains functional, there are no recent major updates or roadmap announcements.
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Final Thoughts
Omni represents an important chapter in cryptocurrency history — one that helped pioneer concepts now taken for granted across modern blockchains. From enabling the first stablecoins to demonstrating how value could be encoded within Bitcoin transactions, OMNI’s influence extends far beyond its current market position.
While it may not offer compelling investment opportunities today due to low liquidity and limited development, understanding OMNI provides valuable context for how decentralized finance evolved.
For developers and researchers exploring layered architectures or Bitcoin-centric innovations, OMNI remains a relevant reference point. As interest in Bitcoin scaling solutions resurges — driven by trends like ordinals and Runes — protocols like Omni may experience renewed academic or experimental attention.
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