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OXY/USD: Convert Oxygen Protocol (OXY) to United States Dollar (USD)

1 Oxygen Protocol equals $0.0081 United States Dollar

Oxygen Protocol (OXY) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Last update: 2:11 PM, July 17, 2024

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Overview

About Oxygen Protocol (OXY)

Oxygen Protocol (OXY) is a decentralized finance (DeFi) service that aims to democratize and optimize the financial ecosystem. Built on the Solana blockchain and powered by Serum's on-chain infrastructure, Oxygen Protocol is designed to serve a vast user base with its prime brokerage services. The protocol is centered around Pools, which are collective baskets of assets. Users can earn yield, borrow against their portfolios, and leverage their assets, laying the groundwork for a dynamic and decentralized financial ecosystem. Oxygen Protocol is a non-custodial, permissionless, and scalable protocol that seeks to provide a more efficient way to manage capital.

Oxygen Protocol operates on a pools-based infrastructure where users can deposit their assets and specify which ones they want to lend. The protocol matches borrowers and lenders using the Serum DEX on-chain order book, ensuring fair pricing for borrowing and lending. Oxygen Protocol allows for multiple uses of the same collateral, enabling users to generate yield on their portfolio while borrowing other assets simultaneously. It also supports cross-collateralization, allowing users to use their entire portfolio as collateral when borrowing, potentially reducing liquidation risk. Furthermore, Oxygen Protocol facilitates streamlined in-pool trading, allowing users to interact with the Serum ecosystem and DEX directly from their pools.

Oxygen Protocol aims to provide a wide range of use cases for its users. The protocol's first phase is a borrow-lending protocol, where users can earn yield on their lent assets, borrow assets from a pool, trade directly out of the pool, and access more complex products using their pool's assets as collateral. Oxygen Protocol also aims to support arbitrary products, including tokens, synthetic products, and nonlinear assets, all cross-margined in the same account. The protocol's scalability, enabled by the Solana blockchain, allows it to serve as a completely on-chain peer-to-peer borrow-lending and prime brokerage protocol.

Oxygen Protocol was launched in late 2020 with the release of its mainnet alpha. The project is headquartered in Switzerland and is driven by a core team of individuals passionate about building the financial infrastructure of the future. The team has extensive fintech experience, with developers located around the world. Oxygen Protocol's strategic investors and DeFi ecosystem partners include Alameda Research, Serum, Genesis Capital, CMS, MultiCoin, and other leading high-frequency trading firms. The protocol's vision is to transform the current model of finance into one that is more accessible and powerful, with plans to create volatility trading agreements and structured product functions in the future.

How Oxygen Protocol (OXY) and United States Dollar (USD) differ

Oxygen Protocol (OXY) and the US Dollar (USD) are fundamentally different in their nature and functionality. Oxygen Protocol is a decentralized finance service built on the Solana blockchain, aiming to democratize and optimize the financial ecosystem. It operates on a pools-based infrastructure where users can deposit their assets, earn yield, borrow against their portfolios, and leverage their assets. On the other hand, the US Dollar is a traditional fiat currency issued by the Federal Reserve and is centralized in nature. It is used for everyday transactions and as a standard for international trade. Unlike Oxygen Protocol, the US Dollar does not offer yield generation or borrowing against portfolios. Furthermore, Oxygen Protocol is non-custodial and permissionless, meaning it doesn't require intermediaries or approval from a central authority. In contrast, transactions with the US Dollar often involve banks or other financial institutions. Lastly, Oxygen Protocol's functionality is enhanced by blockchain technology, enabling transparency, security, and efficiency, while the US Dollar operates within a conventional banking system.

Oxygen Protocol Markets

Oxygen Protocol is climbing this week.

The current price of Oxygen Protocol is $0.0081 per OXY. With a circulating supply of 40,689,414.512 OXY, it means that Oxygen Protocol has a total market cap of $330,736.74. The amount of Oxygen Protocol traded has fallen by $3,059.05 in the last 24 hours, which is a 1.01% decrease. Additionally, in the last day, $303,371.84 worth of OXY has been traded.

Market cap

$330,736.74

Volume (24h)

$303,371.84

Circulating supply

40.7M OXY

FAQ

How much is 1 Oxygen Protocol in USD?

Right now, 1 Oxygen Protocol is worth about $0.0081.

How much OXY could I buy for 1 USD?

Based on the current rate, you could get 123.03 OXY for 1 USD.

How much has the price of Oxygen Protocol changed?

Oxygen Protocol price has been declining. Since yesterday, the exchange rate of Oxygen Protocol has decreased. Since last month, the exchange rate of Oxygen Protocol has decreased. Since this time last year, the price of Oxygen Protocol has decreased.

How do I calculate or convert OXY to USD?

You can use our OXY to USD calculator at the top of this page to convert any amount of OXY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 615.15 OXY. Inversely, 5 OXY will cost about 0.04 USD.

How can I buy 1 Oxygen Protocol on Coinbase?

Oxygen Protocol can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Oxygen Protocol.

What are assets similar to Oxygen Protocol that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Oxygen Protocol, including Darwinia Commitment Token, SakeToken, and Sportcash One. For a more robust list of assets to explore, jump to the asset page dedicated to Oxygen Protocol.

Conversion tables

The exchange rate of Oxygen Protocol is increasing.

The current value of 1 OXY is $0.01 USD. In other words, to buy 5 Oxygen Protocol, it would cost you $0.04 USD. Inversely, $1.00 USD would allow you to trade for 123.03 OXY while $50.00 USD would convert to 6,151.49 OXY, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.11%. Meanwhile, in the last 24 hours, the rate has changed by 0.54%, which means that the the highest exchange rate of 1 OXY to United States Dollar was 0.008397455365811626 USD and the lowest 24 hour value was 1 OXY for 0.008076689542622811 USD. This time last month, the value of 1 OXY was $0.04 USD, which is a 80% increase from where it is now. Looking back a year, Oxygen Protocol has changed by $0.01 USD. That means that in a single year, the value of Oxygen Protocol has shrank by 57.61%.

OXY to USD

Amount
Today at 2:11 pm
0.5 OXY
$0.0041
1 OXY
$0.0081
5 OXY
$0.0406
10 OXY
$0.0813
50 OXY
$0.4064
100 OXY
$0.8128
500 OXY
$4.0641
1,000 OXY
$8.1281

USD to OXY

Amount
Today at 2:11 pm
0.5 USD
61.51 OXY
1 USD
123.03 OXY
5 USD
615.15 OXY
10 USD
1,230.30 OXY
50 USD
6,151.49 OXY
100 USD
12,302.98 OXY
500 USD
61,514.88 OXY
1,000 USD
123,029.76 OXY

Today vs. 24 hours ago

Amount
Today at 2:11 pm
24 hours ago
24H Change
0.5 OXY
$0.0041
$0.0041
-0.54%
1 OXY
$0.0081
$0.0082
-0.54%
5 OXY
$0.0406
$0.0409
-0.54%
10 OXY
$0.0813
$0.0817
-0.54%
50 OXY
$0.41
$0.41
-0.54%
100 OXY
$0.81
$0.82
-0.54%
500 OXY
$4.06
$4.09
-0.54%
1,000 OXY
$8.13
$8.17
-0.54%

Today vs. 1 month ago

Amount
Today at 2:11 pm
1 months ago
1M Change
0.5 OXY
$0.0041
$0.0203
-80.00%
1 OXY
$0.0081
$0.0406
-80.00%
5 OXY
$0.0406
$0.20
-80.00%
10 OXY
$0.0813
$0.41
-80.00%
50 OXY
$0.41
$2.03
-80.00%
100 OXY
$0.81
$4.06
-80.00%
500 OXY
$4.06
$20.32
-80.00%
1,000 OXY
$8.13
$40.64
-80.00%

Today vs. 1 year ago

Amount
Today at 2:11 pm
1 year ago
1Y Change
0.5 OXY
$0.0041
$0.0096
-57.61%
1 OXY
$0.0081
$0.0192
-57.61%
5 OXY
$0.0406
$0.0959
-57.61%
10 OXY
$0.0813
$0.19
-57.61%
50 OXY
$0.41
$0.96
-57.61%
100 OXY
$0.81
$1.92
-57.61%
500 OXY
$4.06
$9.59
-57.61%
1,000 OXY
$8.13
$19.17
-57.61%

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