OPNX’s 7-Day Trade Volume Average Hits $80 Million ATH, 69% of Minted $OX Staked

OPNX, a platform that combines crypto and real-world assets (RWAs), has released key statistics on August 7, 2023, highlighting several significant milestones in its recent performance.

According to the tweet, the 7-day trade volume average for OPNX has reached an all-time high (ATH) of $80 million. This figure represents a notable increase, though the exact percentage of growth was not specified in the announcement.

Furthermore, 69% of the minted $OX, the native token of the OPNX platform, is now locked in staking. Staking is a process where users lock their tokens to receive rewards, and this high percentage indicates a strong commitment from the community to the platform’s ecosystem.

The tweet also mentioned an ATH for $OX and increased trading volume across liquidity pools. However, specific details regarding the ATH price or the exact increase in trading volume were not provided.

An additional highlight from the announcement is the conversion of 34.3 million $FLEX to $OX, with a time-sensitive 25% conversion bonus. The tweet did not elaborate on the deadline for this bonus or the reason behind the conversion.

OPNX’s official Twitter account shared this information on “Statistics Sunday,” a possible regular update from the platform. The tweet garnered attention, with 8,677 views, 14 retweets, 3 quotes, and 71 likes as of the date of the announcement.

OPNX is expanding the influence of its native tokens: $FLEX to $OX.

On August 6, 2023, according to Bloomberg, OPNX offered to inject $30 million in FLEX digital tokens into Hodlnaut to fund partial creditor payouts and finalize claims. FLEX, associated with CoinFLEX exchange and valued at $729 million, climbed 15% to $7.39 in the past 24 hours. The court-submitted offer, if approved, would result in OPNX owning 75% of Hodlnaut, with creditors receiving up to 95% of the total available corporate asset pool in FLEX and other tokens.

In March 2023, Coinflex rebranded to OPNX with Leslie Lamb as CEO and  3AC founders as actual controllers. OPNX reserved Coinflex’s native token $FLEX while issuing it is native token $OX.

On May 8, 2023, Coinflex published an announcement giving “all eligible CoinFLEX users the opportunity to migrate their account balances and KYC information from CoinFLEX to OPNX for a seamless transition.”

Image source: Shutterstock