OSMO Market Data: Daily Surge of 200% Potentially Driven by Korean Spot Trading, No Significant Change in DEX Fundamentals

BlockBeats News, May 11th, OSMO skyrocketed over 200% in the past 24 hours, reaching a peak of $0.128 and is currently trading at $0.105. Due to previous issues with excessive hype, mainstream platforms have suspended OSMO contract trading. However, the trading volume of OSMO on major CEXs has seen a significant surge.

According to CoinGecko data, as of the time of writing, the 24-hour global spot trading volume of OSMO has reached $175 million, with the Korean exchange Bithumb accounting for 30% ($55.8 million), Binance for 22.4% ($40 million), and Pionex for 13% ($23.42 million).

Furthermore, according to Coinglass data, the net inflow of funds into OSMO spot trading on Binance in the past 24 hours was only $13,270. The net inflow/outflow data for the Korean platform Bithumb has not been recorded.

According to DeFiLlama data, the trading volume on the Osmosis DEX in the past 24 hours was only $1.24 million, with fees as low as $18. There have been no significant changes in the network's TVL (measured in OSMO), stablecoin market cap, or fund inflows.