Omni Network: The Crypto Cinderella Story with a $1.4B Derivatives Volume Twist!

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So, Omni Network decided to crash the cryptocurrency ball on Friday, and let me tell you, it did not come empty-handed. The native token went from zero to hero, soaring a mind-blowing 200%, leaving the top 500 coins in the dust. 🌟

While everyone was busy celebrating Bitcoin (BTC) hitting a new all-time high above $118k, Omni Network (OMNI) was like, “Hold my 🍺, I’ve got a show to steal.” And steal it did!

This altcoin, currently ranked 277 by market cap at just over $135 million, outshone its peers as its price rocketed from a low of $1.53 to a high of $5.40 across major exchanges. Talk about a Cinderella story! 🥿

Data shows its daily trading volume skyrocketed by more than 6,000% to $971 million. That’s a lot of zeros, folks, and it suggests a major exchange flow as holders scrambled to cash in on the gains. 🏃‍♂️💨

Binance Wallet support

While the price is now back at support levels around $4.00, OMNI remains one of the top gainers overall in the past 24 hours. A range of positive developments contributed to this meteoric rise, including a major announcement from the world’s largest cryptocurrency exchange, Binance. 🚀

The exchange revealed new integrations for Binance Wallet, allowing users to access and stake coins via multiple decentralized applications. Omni Network is one of the top dApps Binance Wallet outlined support for, alongside others including Momentum, Aarna AI, Elderglade, Paintswap, Silo Finance, and Meta Pool. 🎨💰

New integrations are now live on #BinanceWallet!

Check out the newly added dApps: Momentum, Aarna AI, Sleepless AI, Gaia, Reva AI, Elderglade, Paintswap, Meta Pool, Omni, Silo Finance.

Discover them now! ⤵️

— Binance Wallet (@BinanceWallet) July 11, 2025

Omni Network integration means Binance Wallet users now have access to OMNI staking directly from within the wallet’s mobile app. Those who stake tokens to help secure the Omni Network have an opportunity to earn rewards at an annual percentage rate of 11%. Not too shabby! 🤑

OMNI price spiked amid explosion in derivatives volume

Omni Network pumped hard in the last 24 hours. But the real story here is the massive spot volume on exchanges – over $195 million on Binance and $238 million on MEXC. For a small cap token, that’s like winning the lottery and finding out you’re also the new mayor. 🎟️Mayor

And let’s not forget the level of leveraged trades it sported, with derivatives volume exploding exponentially to over $1.46 billion. Per data from Coinglass, the open interest in OMNI jumped nearly +300% to $34 million. That’s a lot of interest, folks! 📈

However, as an analyst Wise Advice pointed out on X, funding hovered negative, suggesting increased shorting as the price rose. In this case, Omni Network has seen more than $5.69 million in 24-hour liquidations. About $3.35 million of this accounts for liquidated shorts, with $2.68 million in the past 12 hours coinciding with OMNI price skyrocketing. 🚀💥

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2025-07-11 18:32