Messari releases Osmosis Q4 2023 report: DEX trading volume increases by 241% quarter-on-quarter
Messari released the Osmosis Q4 2023 status report, with key points as follows: The trading volume of Osmosis DEX increased by 241% quarter-on-quarter, with a total quarterly trading volume reaching $3.7 billion; Osmosis introduced transaction volume splitting incentives, readjusting incentive measures in each period to target liquidity towards high-volume, low-fee pools; The daily active addresses of Osmosis DEX increased by 67% quarter-on-quarter, averaging 21,000; The circulating market value of OSMO increased by 400% quarter-on-quarter from $192 million to $961 million; the market value of OSMO ranks among the top 70 crypto protocols; Integration between Osmosis and Celestia was achieved through a solution called Pipette which unlocked bilateral liquidity in Celestia rollups and Cosmos ecosystem; By trading volume, USDC became the second largest token. Circle launched Cross-chain Transfer Protocol (CCTP) on Noble enabling native USDC minting within Cosmos ecosystem.
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