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About Overnight
At the core of Overnight is the concept of stablecoin-based DeFi. The platform introduces stablecoins like USD+, DAI+, and USDT+ that are designed to maintain a stable value relative to their underlying assets. These stablecoins serve as foundational building blocks for users to access various opportunities within the DeFi landscape.
Overnight.fi is a protocol focusing on asset management, with a specialization in neutral-risk strategies. At the heart of its product line is USD+, which is a yield-driven stablecoin, fully backed by collateral. This collateral for USD+ is rooted in DeFi strategies that generate returns. These strategies encompass lending to platforms like Aave, and include both stablecoin-to-stablecoin and neutral-risk strategies.
The goal of issuing OVN is twofold:
Promote and popularize USD+, which is achieved with using OVN for bribes;
Establish a robust & decentralized risk monitoring and management processes at the protocol level.
OVN token will provide standard voting rights which will be key to realizing the vision of decentralized risk-management. OVN token should help align community incentives with this goal: to reward for supporting conservative risk decisions, and for vetoing aggressive ones.
Happening now
AI generated 19h ago
Defying a court-ordered freeze
tied to Overnight Finance, OVN surged roughly
↗59%
over the past week as holders stand firm despite
legal challengesthat froze approximately $12.6M in related funds.
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Trading Insights
Traders
29
0%
Market Stats
Market Cap
S$1.81M
FDV
S$1.82M
Circ. Supply
994K OVN
Max Supply
1M OVN
Total Supply
994K OVN
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
S$1.4K
92.16%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
S$136.07
Price Change (1Y)
Not enough data
191.53%
Additional details
Market details
OVN vs markets
↗ 296.22%
OVN vs BTC
↗ 335.19%
OVN vs ETH
↗ 280.52%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x3b08fcd15280e7B5A6e404c4abb87F7C774D1B2e | |
Base | 0xA3d1a8DEB97B111454B294E2324EfAD13a9d8396 | |
Arbitrum | 0xA3d1a8DEB97B111454B294E2324EfAD13a9d8396 | |
BNB Smart Chain | 0x259B30C916e440FB79747cD559207FfdaBBae057 |
Price history
Time | Price | Change |
|---|---|---|
Today | S$1.84 | |
1 Day | S$1.86 | |
1 Week | S$1.16 | |
1 Month | S$1.08 | |
1 Year | S$0.6837 |
Coinbase insights
Happening now
AI generated 19h ago
Defying a court-ordered freeze
tied to Overnight Finance, OVN surged roughly
↗59%
over the past week as holders stand firm despite
legal challengesthat froze approximately $12.6M in related funds.
Price strength defies legal headwinds
OVN climbed roughly
↗14%
over the past 24 hours and approximately
↗59%
over the past week, leading the Layer 2 category despite regulatory uncertainty that would typically pressure prices downward.
Ownership remains well distributed
With the top 10 holders controlling just 0.7% of the total supply, no single investor can dominate price movements. This wide distribution provides stability even during uncertain times.
Active trading reflects buyer interest
Price swings reached approximately
↗17.5%
within the past day, with OVN trading near its 24-hour high. The volatility reflects both uncertainty and active interest from buyers stepping in during the legal developments.
Recent trends
The latest OVN price is S$1.84. Compared to Overnight's value of S$1.86 from 24 hours ago, there's been a -1% decrease, while the current price is 59% up from S$1.16 which was recorded one week ago. Overnight's all time high is S$136.07, which was reached on April 13, 2024. This is a -99% change from its price today.
The current circulating supply of Overnight is 994,418. This is 99% of its max supply of 1,000,000 OVN and 100% of its total supply of 994,418. The market cap is currently S$1.81M, which is a result of multiplying the current price of Overnight(S$1.84) by the total supply(994,418 OVN). The fully diluted valuation of Overnight is S$1.82M. The diluted valuation of Overnight is S$1.82M.
FAQ
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Overnight calculator
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
