OMNI Token Soars 49% as 50% Supply Staked and $10M Incentive Drive Record Volumes

OMNIUSDT experienced a significant price surge in the past 24 hours, primarily driven by a major update to its staking application that resulted in 50% of OMNI's circulating supply being staked, effectively reducing the liquid supply and increasing buying pressure. Additional momentum came from renewed attention to OMNI’s $10 million SolverNet incentive program within the Ethereum Layer 2 ecosystem, and strong investor backing from firms such as Coinbase Ventures and Jump.

Currently, OMNIUSDT is trading at $3.37 on Binance, up 49.12% from a 24-hour open of $2.26, with trading volumes exceeding $1 billion and a market capitalization around $121.78 million. The token's recent performance reflects heightened trader interest and volatility, with a circulating supply of approximately 34.47 million to 38 million tokens.