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Ocean Protocol

OCEAN

Price
$0.14
12/2/2022, 2:53:20 PM
diamondHands

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Market

Market stats

Market cap

$84.7M

Volume (24h)

$6.2M

Circulating supply

613.1M OCEAN

Typical hold time

16 days

Trading activity

Not enough data

Popularity

#100

All time high

$1.94

Price change (1h)

+0.29%

Price change (24h)

-1.1%

Price change (7d)

+4.61%

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Ocean Protocol is on the rise this week.

The price of Ocean Protocol has risen by 4.61% in the past 7 days. The price declined by 1.10% in the last 24 hours. In just the past hour, the price grew by 0.29%. The current price is $0.14 per OCEAN. Ocean Protocol is 92.89% below the all time high of $1.94.

The current circulating supply is 613,099,140.998 OCEAN.

About

Ocean Protocol supports blockchain-based trading data between data consumers and individuals. OCEAN tokens function as Ocean Protocol’s governance token.

What Is Ocean Protocol (OCEAN)?

The Ocean Protocol is a blockchain-based project that seeks to allow businesses and individuals to gain from their data with ERC-20 based data tokens. Data tokens act as an interface between data assets and blockchain.

With Ocean Protocol, users can gain from their data without sacrificing privacy or control. Consumers can access previously unobtainable or hard-to-find data sets. There are data sets available on Ocean Market, where users can transact and later consume or trade them.

The native token of the Ocean Protocol ecosystem is OCEAN. OCEAN tokens are employed to stake data, manage community funding, and trade data. The supply is distributed over time for near-term growth and long-term sustainability.

 In Ocean Market, users can stake OCEAN on a data asset to earn. The act of staking involves adding liquidity to a data token-OCEAN pool. Traders can earn a percentage of each data transaction fee, proportional to their stake. Ocean protocol has also plans to let its stakeholders earn even more through the Ocean Data Farming program.

 According to the whitepaper, Ocean Protocol provides data services for crypto ecosystems through data tokens. Data tokens are fungible ERC20 tokens that can access particular data services. Smart contracts and libraries in the cloud make it easy for users to publish data services and consume data services. Ocean contracts are first deployed on Ethereum's mainnet, followed by other deployments.

Ocean Protocol aims to launch a new Data Economy that reaches every person, company, and device and empowers people to capture value from data to better the world.

History of Ocean Protocol

The Ocean Protocol is managed by a Singapore-based nonprofit foundation with a diverse ecosystem of contributors who share a common vision of utilizing data for artificial intelligence. Different countries, industries, and backgrounds have created the core team and advisers. 

There is a maximum total supply of 1.41 billion OCEAN tokens in the Ocean Protocol ecosystem.

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FAQ

What is the current price of Ocean Protocol?

The price of 1 Ocean Protocol currently costs $0.14.

What is the market cap of Ocean Protocol?

The current market cap of Ocean Protocol is $84.71M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Ocean Protocol?

The all-time high of Ocean Protocol is $1.94. This all-time high is highest price paid for Ocean Protocol since it was launched.

What is the 24 hour trading volume of Ocean Protocol?

Over the last 24 hours, the trading volume of Ocean Protocol is $6.20M.

What other assets are similar to Ocean Protocol?

Assets that have a similar market cap to Ocean Protocol include Decentralized Social, Celer Network, DAO Maker, and many others. To see a full list, see our comparable market cap assets.

How many Ocean Protocol are there?

The current circulating supply of Ocean Protocol is 613 million.

What is the typical holding time of Ocean Protocol?

The median time that Coinbase customers hold Ocean Protocol before selling it or sending it to another account or address is 16 days.

What is the relative popularity of Ocean Protocol?

Ocean Protocol ranks 207 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Ocean Protocol?

Currently, 94% of Coinbase users are buying Ocean Protocol. In other words, 94% of Coinbase customers have increased their net position in Ocean Protocol over the past 24 hours through trading.