
Olympus v2ohm#4357
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$18.99
7d Change
-2.21%
30d Change
-6.50%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About Olympus v2
Olympus is a decentralized reserve currency protocol backed by a treasury of crypto assets. The project uses bonding mechanisms and staking incentives to build and maintain its treasury while distributing yields to token holders. Olympus pioneered the concept of protocol-owned liquidity and inspired the broader 'OHM fork' ecosystem.
Primary use case: Functions as a reserve currency with staking rewards funded by protocol treasury reserves and bonding mechanisms.
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Understanding Olympus v2 Price Data
The Olympus v2 price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for Olympus v2 is calculated by multiplying the current price by the circulating supply — the number of OHM units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for Olympus v2 on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
Olympus v2 for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats Olympus v2 and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding OHM for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy Olympus v2 through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Olympus v2 protocol in plain English.
Olympus v2 FAQ
What makes Olympus different from other cryptocurrencies?
Olympus operates as a reserve currency protocol backed by a treasury of crypto assets rather than relying purely on market speculation. It uses bonding mechanisms to acquire treasury assets and distributes yields to stakers through rebasing. The protocol pioneered protocol-owned liquidity, giving it more control over trading conditions than typical tokens.
How does OHM staking work?
OHM staking involves locking tokens in the protocol to earn rewards through periodic rebases that increase your token balance. Rewards are funded by treasury yields from various DeFi strategies. The rebasing mechanism has evolved since launch, moving from extremely high rates to more sustainable levels following the V2 upgrade.
What are the main risks of investing in OHM?
Key risks include experimental tokenomics with limited long-term testing, treasury value dependency on crypto market performance, smart contract vulnerabilities across multiple mechanisms, and governance risks from anonymous founding team. The protocol's complexity also creates additional technical risks for users unfamiliar with DeFi.
How is OHM taxed in Australia?
Australian investors may face income tax on OHM staking rewards and rebasing events that increase token holdings. The complex nature of rebasing mechanisms could trigger multiple taxable events requiring detailed record-keeping. Professional tax advice is recommended given the protocol's unique structure and evolving ATO guidance on DeFi activities.
What is protocol-owned liquidity?
Protocol-owned liquidity means Olympus owns the trading liquidity for its token on decentralised exchanges rather than relying on external providers. This gives the protocol control over trading conditions, generates fee revenue, and ensures liquidity remains available even if external providers exit. This innovation influenced many subsequent DeFi projects.
Frequently Asked Questions
How often is the Olympus v2 price updated?
CoinHours pulls live OHM pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the Olympus v2 price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying Olympus v2 legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store Olympus v2 on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.