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Orion Protocol

ORN

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Orion Protocol

ORN is an Ethereum token that powers Orion Protocol, which aims to aggregate liquidity from centralized and decentralized exchanges into one platform. ORN can be used to receive discounted trading fees, for staking, and to access advanced features within the Orion Protocol.

Orion is a decentralized finance (DeFi) platform that provides users with a trading experience by aggregating liquidity from both centralized and decentralized exchanges. This aggregation of liquidity allows Orion to provide real-time asset prices, making it a potentially valuable tool for those interested in the cryptocurrency market. Orion's non-custodial approach aims to empower individuals with financial responsibility on a global scale, as it allows users to maintain control of their assets at all times. Orion supports over 200 digital assets, making it a versatile platform for a wide range of cryptocurrency traders.

Orion operates by aggregating liquidity from various centralized and decentralized exchanges. This is achieved through the use of decentralized CEX order books, transmuted AMM price curves, and complex CEX swaps. Orion's virtual order book technology provides a comprehensive view of the most optimal trade routes across both CEX and DEX platforms. Additionally, Orion's cross-chain bridge integration aims to take advantage of prices on other blockchains, providing even more route options. Price feeds on Orion update in milliseconds, thanks to the ample liquidity sources and the capital efficiency of each trade.

Orion seeks to address the issue of segregated liquidity in the cryptocurrency market by providing a single access point to both decentralized and centralized exchange liquidity. This makes Orion a potentially useful tool for individuals looking to trade a wide range of digital assets at the most optimal prices. Furthermore, Orion's use of atomic swaps allows for near-instant token transfers between two parties without the need for a third-party intermediary. This feature could be particularly beneficial for those seeking to maintain control of their assets while trading. Orion's platform is available to traders globally, making it a potentially valuable tool for a wide range of individuals interested in cryptocurrency trading.

Orion was founded in 2018 by Alexey Koloskov, who previously served as the Chief Architect and Creator of the Waves DEX. Prior to his involvement in the cryptocurrency space, Koloskov created software for large banks such as UniCredit and Deutsche Bank. Orion was developed with the goal of addressing the issue of segregated liquidity in the cryptocurrency market, a problem that Koloskov identified during his time in the crypto space. The Orion token was launched in July 2020, marking a milestone in the platform's development.

Market

United Kingdom Market Stats

Market cap

£48.3M

Volume (24h)

£18.7M

Circulating supply

34.1M ORN

Typical hold time

13 days

Popularity

#561

All time high

£23.45

Price change (1h)

+0.98%

Price change (24h)

+11.8%

Price change (7d)

+10.64%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Orion Protocol is on the rise this week.

The price of Orion Protocol has increased by 0.98% in the last hour and increased by 11.80% in the past 24 hours. Orion Protocol’s price has also risen by 10.64% in the past week. The current price is £1.41 per ORN with a 24-hour trading volume of £18.66M. Currently, Orion Protocol is valued at 94.00% below its all time high of £23.45. This all-time high was the highest price paid for Orion Protocol since its launch.

The current circulating supply of Orion Protocol is 34,146,255 ORN which means that Orion Protocol has as total market cap of 34,146,255.

FAQ

What is the current price of Orion Protocol?

We update our Orion Protocol to GBP currency in real-time. Get the live price of Orion Protocol on Coinbase.

What is the market cap of Orion Protocol?

The current market cap of Orion Protocol is £48.31M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Orion Protocol?

The all-time high of Orion Protocol is £23.45. This all-time high is highest price paid for Orion Protocol since it was launched.

What is the 24 hour trading volume of Orion Protocol?

Over the last 24 hours, the trading volume of Orion Protocol is £18.66M.

What other assets are similar to Orion Protocol?

Assets that have a similar market cap to Orion Protocol include Bitcoin Palladium, DEAPcoin, Cornucopias, and many others. To see a full list, see our comparable market cap assets.

How many Orion Protocol are there?

The current circulating supply of Orion Protocol is 34 million.

What is the typical holding time of Orion Protocol?

The median time that Coinbase customers hold Orion Protocol before selling it or sending it to another account or address is 13 days.

What is the relative popularity of Orion Protocol?

Orion Protocol ranks 180 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Orion Protocol?

Currently, 92% of Coinbase users are buying Orion Protocol. In other words, 92% of Coinbase customers have increased their net position in Orion Protocol over the past 24 hours through trading.

Can I buy Orion Protocol on Coinbase?

Yes, Orion Protocol is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Orion Protocol guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024