On the night of January 17, the native OSMO token of the Osmosis decentralized exchange based on Cosmos set a new price high at levels above $10.7.
At the time of writing, OSMO is trading around $10.4. Over the past day, the coin has lost 1.6%, over the week it has grown by 25.6%, according to CoinGecko.
The total value of the funds involved in the protocol (TVL) exceeded $1.4 billion. The indicator crossed the mark of $1 billion on January 4, 2022, which, in all likelihood, was facilitated by the integration of Osmosis with the Terra Bridge cross-chain bridge and the high profitability of the pools.
At the time of writing, Osmosis is ranked #11 by TVL in the rankings. DeFi Llama.
Recall that on January 6, Bitcoin updated a local minimum at $42,500, pulling digital assets out of the top 10 by capitalization.
On January 7, OSMO and other key tokens of the Cosmos ecosystem showed a noticeable increase contrary to the market.