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Ontology (ONT)
What is Ontology?
Ontology (ONT) is a blockchain project launched in 2018 by the Ontology Foundation. It aims to provide a high-performance, public blockchain specializing in digital identity and data integrity, catering to both enterprise and individual use cases. The Ontology network operates on its native blockchain using a variation of the Byzantine Fault Tolerance consensus mechanism to ensure fast and secure transactions. The ONT token plays a crucial role in the ecosystem, serving as a utility token for staking and governance, as well as for transaction fees. Ontology's dual-token system also includes the ONG token, which is used for on-chain services. Ontology distinguishes itself by focusing on identity and data solutions, providing tools for decentralized identity verification and data management. Its flexible architecture and compatibility with various blockchains make it a notable player in the blockchain space, particularly for applications requiring strong privacy and security measures.
When and how did Ontology start?
Ontology originated in November 2017 when it was launched by the Chinese company Onchain, founded by Da Hongfei and Erik Zhang. The project quickly released its whitepaper, outlining its vision for a high-performance public blockchain and a distributed trust collaboration platform. Ontology's testnet went live in March 2018, allowing developers and users to engage with the network and test its capabilities. The mainnet launch followed in June 2018, marking Ontology's transition to a fully operational blockchain network. The initial distribution of Ontology's native token, ONT, was unique in that it did not involve an ICO. Instead, the tokens were distributed through a series of airdrops and community rewards, as well as allocations to strategic partners and the founding team. These early steps laid the groundwork for Ontology's development as a versatile and scalable blockchain platform.
What’s coming up for Ontology?
According to official updates, Ontology is focusing on several key initiatives. One of the upcoming milestones is the launch of Ontology EVM (Ethereum Virtual Machine) integration, planned for Q4 2023. This feature is aimed at enhancing interoperability between Ontology and Ethereum, allowing developers to deploy Ethereum-based smart contracts on the Ontology blockchain. Additionally, Ontology is working on improving its decentralized identity framework, ONT ID, with enhancements expected by early 2024. This upgrade seeks to bolster user privacy and data security. Moreover, Ontology is targeting the expansion of its ecosystem through strategic partnerships and integrations with various decentralized applications and platforms. These efforts are part of a broader strategy to increase the utility and adoption of the Ontology network. Progress on these initiatives can be tracked through Ontology's official channels and repositories, ensuring transparency and community engagement.
What makes Ontology stand out?
Ontology stands out through its unique multi-layered architecture, which includes a dual-token model with ONT and ONG tokens. This design facilitates efficient transaction processing and governance. Ontology employs a robust consensus mechanism called VBFT, which combines Verifiable Random Function (VRF), Byzantine Fault Tolerance (BFT), and Proof of Stake (PoS) to enable high throughput and low latency, enhancing scalability and security. A key differentiator for Ontology is its focus on digital identity and data privacy, supported by its decentralized identity framework, ONT ID. This feature allows users to have control over their data and identity, promoting trust and privacy in digital interactions. Ontology's interoperability is another significant aspect, achieved through its cross-chain capabilities, allowing seamless integration with other blockchains. The ecosystem is further enriched by partnerships with notable organizations and a suite of developer tools, fostering a collaborative environment that enhances Ontology's role in the blockchain landscape.
What can you do with Ontology?
The ONT token is primarily used for transactions and fees within the Ontology network, allowing users to send value and utilize decentralized applications (dApps). Holders can stake ONT to help secure the network and potentially earn rewards, contributing to the network's Proof-of-Stake consensus mechanism. ONT holders may also participate in governance by voting on proposals that affect the network's development and policies. Developers can leverage Ontology's infrastructure to build dApps and integrations, utilizing tools like the Ontology SDK. The Ontology ecosystem supports various applications, including wallets and marketplaces, where ONT is used for specific functions such as payments and access to services.
Is Ontology still active or relevant?
Ontology remains active, as evidenced by recent updates and ongoing development efforts. The project released a significant upgrade in August 2023, focusing on enhancing its decentralized identity and data solutions. Ontology continues to be integrated across various blockchain ecosystems, maintaining its relevance in sectors such as decentralized finance (DeFi) and data privacy. The project is actively traded on multiple exchanges, maintaining a steady market presence. Ontology's governance structure remains engaged, with recent proposals and votes indicating an active community. These indicators demonstrate that Ontology continues to be a relevant player in the blockchain space, particularly within the identity and data management sectors.
Who is Ontology designed for?
Ontology is designed for enterprises and developers, enabling them to build and deploy decentralized applications with a focus on identity and data management. It provides tools and resources such as SDKs, APIs, and a comprehensive documentation portal to facilitate development. The platform’s infrastructure supports enterprise-level blockchain solutions, offering features like customizable public and private blockchains to meet diverse business needs. Secondary participants, such as validators and data providers, engage through staking and governance mechanisms, contributing to the network's security and decision-making processes. This structure allows Ontology to cater to a wide range of industries looking to leverage blockchain technology for secure and efficient data handling.
How is Ontology secured?
Ontology employs a Byzantine Fault Tolerance (BFT) consensus mechanism specifically known as the Ontology Consensus Engine (OCE), which is a variant of the VBFT model. This combines Verifiable Random Function (VRF), Byzantine Fault Tolerance (BFT), and Delegated Proof of Stake (DPoS) to secure the network. Validators, who are chosen based on their stake and reputation, play a crucial role in confirming transactions and maintaining the blockchain's integrity. The network utilizes cryptographic techniques such as EdDSA (Edwards-curve Digital Signature Algorithm) for secure transaction signing and data integrity. Participant incentives are aligned through staking rewards for validators, while a slashing mechanism is in place to penalize malicious actions, ensuring adherence to protocol rules. Ontology's security is further reinforced by regular audits and a robust governance framework, which involves community participation in decision-making processes, contributing to the overall resilience and reliability of the network.
Has Ontology faced any controversy or risks?
Ontology has faced certain risks primarily related to its technical and regulatory environment. As a blockchain platform, Ontology must navigate the inherent risks of smart contract vulnerabilities and potential exploits. The team actively addresses these risks through regular security audits and updates to its protocol. Regulatory challenges also pose a risk, as changes in global blockchain regulations could impact Ontology's operations and adoption. The project mitigates these risks by maintaining compliance with relevant laws and engaging in ongoing dialogue with regulatory bodies. Additionally, community governance disputes can arise, but Ontology has mechanisms in place for community participation and decision-making to resolve such issues. Overall, Ontology employs a combination of proactive security measures, regulatory compliance efforts, and community engagement to manage and mitigate these risks.
Ontology (ONT) FAQ – Key Metrics & Market Insights
Where can I buy Ontology (ONT)?
Ontology (ONT) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the ONT/USDT trading pair recorded a 24-hour volume of over $7 733 211.60. Other exchanges include Upbit and Binance.
What's the current daily trading volume of Ontology?
As of the last 24 hours, Ontology's trading volume stands at $9,508,099.37 , showing a 55.32% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's Ontology's price range history?
All-Time High (ATH): $11.18
All-Time Low (ATL): $0.038963
Ontology is currently trading ~99.33% below its ATH
and has appreciated +3% from its ATL.
What's Ontology's current market capitalization?
Ontology's market cap is approximately $68 381 708.00, ranking it #339 globally by market size. This figure is calculated based on its circulating supply of 913 697 857 ONT tokens.
How is Ontology performing compared to the broader crypto market?
Over the past 7 days, Ontology has gained 0.03%, outperforming the overall crypto market which posted a 0.27% decline. This indicates strong performance in ONT's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
Trends Market Overview
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Ontology Basics
| Whitepaper | Open |
|---|
| Development status | Working product |
|---|---|
| Org. Structure | Semi-centralized |
| Open Source | Yes |
| Consensus Mechanism | Ontology Consensus Engine |
| Algorithm | VBFT |
| Hardware wallet | Yes |
| Website | ont.io |
|---|
| Source code | github.com github.com |
|---|---|
| Asset type | Coin |
| Explorers (3) | explorer.ont.io ont.tokenview.com ont.tokenview.com |
|---|
| Tags |
|
|---|
| Blog | medium.com |
|---|---|
| facebook.com | |
| reddit.com |
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Ontology Team
Hu is one of the first Semantic Web professionals in China. His experience includes enterprise resource planning, digitization of government affairs, gaming platforms, and media streaming.
Ning Hu is engaged in 1 projectsCong studied computer science at Tsinghua University and is a professional in distributed systems and decentralized consensus algorithm design.
Honglei Cong is engaged in 1 projectsWeng has 10+ years of work experience at IBM in software development and solutions, and was one of the first developers of Fabric.
Junjie Weng is engaged in 1 projectsXiao previously worked at China UnionPay Data Services, a major payment service provider in China. He has rich work experience which includes IT planning and team management for financial systems, cross-border payments, accounts, and liquidation.
Min Xiao is engaged in 1 projectsZhou was previously the Chief Product Officer and Technical Vice President of Oriental Pass. He has more than 10 years of experience in fundamental software marketing, product management, and development, with a focus on middleware, microservices, cloud computing, and blockchain.
Yan Zhou is engaged in 1 projectsDaniel brings to the team over 15 years of experience in private equity, investment banking, and financial due diligence. Before joining the Ontology team, he had worked for international banks, Fortune-500 MNCs, and Big 4 accounting firms.
Daniel Wen is engaged in 1 projectsPrior to joining the team, Sally was a partner of a boutique management consulting firm. She has previously worked for two global Fortune 500 tech companies and a global big four consulting firm.
Sally Xue Gong is engaged in 1 projectsLai is a blockchain core developer and has experience in distributed ledgers, P2P networks, and consensus development. He also has a strong technical experience in data mining and big data.
Zhichao Lai is engaged in 1 projectsWang has five years of internet development experience and has worked in a large financial data technology company in China.
Bing Wang is engaged in 1 projectsTan is a DNA Smart Contract Core Developer, NEO Community Developer, and Participant of NEO NEP-5 token standards.
Yuan Tan is engaged in 1 projectsLiu graduated from the National Laboratory of Computer Systems at Huazhong University of Science and Technology. He previously worked at Cisco and specializes in internet protocols and network virtualization.
Pan Liu is engaged in 1 projectsHu previously worked on an enterprise public cloud platform at Honeywell. His work experience includes distributed storage, NoSQL databases, microservice, and DevOps.
Guanjun Hu is engaged in 1 projectsZhang is a senior developer focusing on blockchain underlying technologies and applications, and was once a blockchain system assessment professional recognized by China Eletronics Standardization Institute.
Menghang Zhang is engaged in 1 projectsXie once worked on online gaming development and quantity transaction development at Giant Network, Grand Game, some private equity firms. He uses C++ in Linux system and has rich development experience in Go.
Junxi Xie is engaged in 1 projectsZhou is working on developing blockchain applications and underlying infrastructure. He has worked at HP, SGI, Ping An Group, and more, and holds solid experience in product lifecycle management, high-performance computing, and third-party payment.
Peiwen Zhou is engaged in 1 projectsLyu is an information security professional with expertise in cryptography and internet security.
Wei Lyu is engaged in 1 projectsXia did his Master’s degree in Information Security, specializing in elliptic-curve cryptography and lattice-based cryptography. He won second prize in a postgraduate mathematical modeling contest.
Kunxian Xia is engaged in 1 projectsLi worked for more than 10 years at IBM (in finance and logistics) and has years of experience in banking core system solutions, project and team management, and experience overseas.
Xiping Li is engaged in 1 projectsZhou studied in Sweden and obtained his Master's degree in Embedded and Intelligent Systems. He was previously a software engineer at Honeywell and has several years' experience in microservices and distributed concurrent systems.
Xi Zhou is engaged in 1 projectsLiu was involved in the ZhongAn Technology/Fudan University blockchain lab, where he participated in R&D of core consensus algorithm. He was formerly a system performance analyst at IBM and has participated in the development of Fabric 0.6.
Qiushan Liu is engaged in 1 projectsWilson used to be the technical principal of a blockchain application project at ZhongAn Technology and the core financial blockchain developer at LeTV. He participated in the compilation of the white paper, reference framework, and blockchain standards set out by the Ministry and Information Technology of China.
Wilson Hua is engaged in 1 projectsLi is a core developer of DNA. He is a full-stack engineer proficient in Golang, Python, PHP, NodeJS, VueJS, MySQL, and more.
Yingxuan Li is engaged in 1 projectsLiu has eight years of work experience. He has a Bachelor’s degree in Computer Science and a Master’s degree in Statistics.
Yihen Liu is engaged in 1 projectsFu is a core developer of DNA. He received his Master's degree in Communications and Information Systems from Beijing University of Posts and Telecommunications and previously worked at the Chinese Academy of Sciences where he was awarded with an Outstanding Technical Achievement Award.
Xiang Fu is engaged in 1 projectsShen has more than 10 years of work experience. He has worked as an application development architect, and is very experienced in internet application development.
Yin Shen is engaged in 1 projectsGuo has been engaged in a series of importance projects led by the State Administration of Taxation, Ministry of Public Security, and other government departments. Guo has many years of experience in information security.
Xiaojie Guo is engaged in 1 projectsSi holds a master's degree from Shanghai Jiaotong University. He previously worked at Shanghai Stock Exchange Technology where he worked on a blockchain-based securities trading system verification project development.
Lucas Si is engaged in 1 projectsZhang is a DNA core developer with experience in blockchain infrastructure and security development.
Wei Zhang is engaged in 1 projectsZhou gained his degree in Information Security and worked in credit card service at Ping An Bank. His experience varies from financial payment systems to blockchain application development.
Qiang Zhou is engaged in 1 projectsSu previously worked at IBM, has rich experience in banking project experience, and has taken part in the front-end design and development of multiple corporate blockchain projects.
Link Su is engaged in 1 projectsWang gained his degree in Software Engineer from East China Normal University and worked on front-end development at a startup.
Dashuang Wang is engaged in 1 projectsLiu majored in Information Security and previously worked at TopSec. She has a solid amount of experience in security protocols, cryptographic algorithms, and security product development.
Jing Liu is engaged in 1 projectsDing was previously worked in operations and business development for a third party WeChat developer.
Wenbin Ding is engaged in 1 projectsWang graduated from the International School of Software at Wuhan University and previously worked at Huawei. He has extensive experience in software development and has studied computer networks and distributed software systems.
Cheng Wang is engaged in 1 projectsWei graduated from Taiyuan University of Technology with a major in computer science. He used to work for Nanjing Zhenshi Intelligence Technology, where he gained extensive experience in DevOps including automation operation and maintenance, database operation and maintenance, business monitoring, and promming in Java, Python, and Shell.
Xudong Wei is engaged in 1 projectsChen received his bachelor's degree in computer science and finance from South China University of Technology. He is a full stack developer who has worked with iOS apps and Node.js and Go development.
Zhijie Chen is engaged in 1 projectsWill graduated from the University of Hong Kong with a major in Computer Science.
Will Liu is engaged in 1 projectsDong has work experience in independent business development at Chinese state-owned enterprises and big data, anti-fraud, and corporate collaboration.
Dave Dong is engaged in 1 projectsJiang has previously worked at governmental organizations, state-owned enterprises, law firms, and startup investment institutions.
Defoe Chiang is engaged in 1 projectsMathias holds Master degrees in international business/finance and mechanical engineering. His previous professional experience includes AI and analytics with a F500 company, financial advisory, and new product development.
Mathias Glintborg is engaged in 1 projectsWalter is an interdisciplinary professional, with experiences ranging from content marketing and product branding to business development and strategic management.
Walter Yang is engaged in 1 projectsMu has worked for international PR agencies and first-tier internet companies where she was responsible for brand promotion, communications, and media relations for technology companies such as Microsoft and NetApp.
Chelsea Mu is engaged in 1 projectsChristina has more than three years working experience in London in dealing with international high net worth individuals on various investment and acquisition projects in technology, real estate, investment immigration, and education throughout Europe.
Christina Liu is engaged in 1 projectsXie has design experience in multiple projects and is responsible for design-related work. She addresses project needs in product design and UI design.
Tian Xie is engaged in 1 projectsZhao Graduated from User-Experience research major in a well-known design university in the US. She has four years of UX/UI design work experience.
Zhao Wang is engaged in 1 projectsOntology Exchanges
Ontology Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Ontology
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 556 241 991 836 | $77 736.02 | $39 028 768 263 | 20,019,575 | |||
| 2 | Ethereum ETH | $281 693 243 642 | $2 339.13 | $15 062 719 089 | 120,426,316 | |||
| 4 | BNB BNB | $88 472 439 528 | $635.65 | $956 890 395 | 139,184,442 | |||
| 5 | XRP XRP | $87 222 375 636 | $1.42 | $2 111 969 135 | 61,569,680,267 | |||
| 7 | Solana SOL | $49 340 180 478 | $85.72 | $3 123 013 425 | 575,613,011 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 51 | Near Protocol NEAR | $1 634 216 062 | $1.38 | $140 407 325 | 1,185,165,436 | |||
| 78 | Quant QNT | $878 656 006 | $72.78 | $6 690 009 | 12,072,738 | |||
| 86 | Cosmos ATOM | $719 022 972 | $1.84 | $38 332 157 | 390,934,204 | |||
| 200 | LayerZero ZRO | $171 411 787 | $1.56 | $26 810 659 | 110,000,000 | |||
| 351 | aelf ELF | $64 969 544 | $0.079285 | $789 293 | 819,443,118 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 24 | Chainlink LINK | $5 750 939 473 | $9.17 | $298 266 318 | 626,849,970 | |||
| 86 | Cosmos ATOM | $719 022 972 | $1.84 | $38 332 157 | 390,934,204 | |||
| 176 | THETA THETA | $209 762 121 | $0.209762 | $17 614 726 | 1,000,000,000 | |||
| 208 | THORChain RUNE | $162 409 820 | $0.479371 | $37 572 759 | 338,797,570 | |||
| 219 | OriginTrail TRAC | $141 118 527 | $0.282240 | $1 918 935 | 499,995,033 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | BNB BNB | $88 472 439 528 | $635.65 | $956 890 395 | 139,184,442 | |||
| 64 | KuCoin Token KCS | $1 130 592 396 | $8.40 | $7 771 027 | 134,655,022 | |||
| 176 | THETA THETA | $209 762 121 | $0.209762 | $17 614 726 | 1,000,000,000 | |||
| 186 | SwissBorg BORG | $185 679 216 | $0.188750 | $247 499 | 983,729,858 | |||
| 199 | Decentraland MANA | $174 447 079 | $0.089817 | $11 568 804 | 1,942,255,184 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 260 | Gas GAS | $107 011 516 | $1.65 | $2 873 085 | 64,992,331 | |||
| 808 | AVA AVA | $13 316 891 | $0.239486 | $2 643 970 | 55,606,147 | |||
| 1057 | NKN NKN | $6 483 347 | $0.008301 | $294 070 | 781,054,282 | |||
| 1284 | aleph.im ALEPH | $3 417 753 | $0.018332 | $308 643 | 186,431,941 | |||
| 1405 | DeepBrain Chain DBC | $2 370 704 | $0.000437 | $21 950.92 | 5,428,952,299 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 335 989 096 | $0.999931 | $17 442 279 260 | 78,341,381,335 | |||
| 22 | MemeCore M | $5 884 189 416 | $4.55 | $15 584 172 | 1,293,305,952 | |||
| 24 | Chainlink LINK | $5 750 939 473 | $9.17 | $298 266 318 | 626,849,970 | |||
| 25 | Binance Bitcoin BTCB | $5 682 374 471 | $77 725.75 | $75 178 790 | 73,108 | |||
| 36 | Shiba Inu SHIB | $3 565 269 212 | $0.000006 | $81 537 610 | 589,264,883,286,605 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 335 989 096 | $0.999931 | $17 442 279 260 | 78,341,381,335 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $10 228 217 074 | $2 876.54 | $58 237 701 | 3,555,731 | |||
| 13 | Wrapped Bitcoin WBTC | $10 162 434 337 | $77 470.57 | $322 331 151 | 131,178 | |||
| 17 | WETH WETH | $8 810 399 131 | $2 339.52 | $832 134 364 | 3,765,896 | |||
| 24 | Chainlink LINK | $5 750 939 473 | $9.17 | $298 266 318 | 626,849,970 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 14 | Cardano ADA | $9 508 705 061 | $0.246475 | $370 946 845 | 38,578,821,458 | |||
| 33 | Avalanche AVAX | $3 913 345 312 | $9.27 | $250 566 161 | 422,275,285 | |||
| 35 | Sui SUI | $3 689 800 255 | $0.933326 | $276 199 401 | 3,953,388,932 | |||
| 51 | Near Protocol NEAR | $1 634 216 062 | $1.38 | $140 407 325 | 1,185,165,436 | |||
| 55 | Aave AAVE | $1 386 652 642 | $91.99 | $270 078 337 | 15,073,211 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 335 989 096 | $0.999931 | $17 442 279 260 | 78,341,381,335 | |||
| 9 | Lido Staked Ether STETH | $22 854 337 339 | $2 333.41 | $82 734 945 | 9,794,399 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $10 228 217 074 | $2 876.54 | $58 237 701 | 3,555,731 | |||
| 13 | Wrapped Bitcoin WBTC | $10 162 434 337 | $77 470.57 | $322 331 151 | 131,178 | |||
| 17 | WETH WETH | $8 810 399 131 | $2 339.52 | $832 134 364 | 3,765,896 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Ontology




