Your watchlist and preferences stay in this browser.
- Open:
- $0.0246
- High:
- $0.0253
- Low:
- $0.0213
- Close:
- $0.0225
24H–1Y views may use Binance USDT futures candles; MAX and fallback history use CoinGecko. Futures prices can differ from spot prices.
USDT quotes are displayed using 1 USDT ≈ 1 USD. Other currencies use the current USD exchange rate for the entire history, not historical FX rates.
Candle times mark the opening time for Binance data and the closing time for CoinGecko data.
Market Stats
- Market Cap
- $16.86M
- 24h Volume (Binance futures)
- $2.53M
- All-Time High
- $3.35
- CoinGecko · Updated:
- Circulating Supply
- 749.37M OGN
- CoinGecko · Updated:
- Market Cap Rank
- #901
Check the latest Origin Protocol (OGN) price with live charts and key market metrics. Compare OGN rates in USD, EUR, GBP and other fiat currencies.
Origin Protocol Price Performance
Price changes in each quote currency. BTC, ETH and USDT comparisons use matching USD observations. Fees and investment income are excluded.
| Price pair | 1H | 24H | 7D | 14D | 30D | 1Y |
|---|---|---|---|---|---|---|
| OGN / USD | -1.41% | -0.45% | -9.53% | -13.39% | -32.26% | -47.83% |
| OGN / BTC | -0.02% | +2.29% | -4.54% | -5.08% | -23.17% | -25.29% |
| OGN / ETH | +1.26% | +5.05% | +2.06% | -0.23% | -16.15% | -8.74% |
| OGN / USDT | -1.43% | -0.46% | -9.57% | -13.43% | -32.27% | -47.80% |
A dash means reliable, sufficiently recent data is unavailable for that comparison.
OGN Spot Markets
Origin Protocol prices across every OGN spot trading pair we track, with 24-hour volume.
| Pair | Exchange | Price | Volume | Exchange |
|---|---|---|---|---|
| OGN/USDT | Binance |
0.02256 USDT
≈ $0.0225
|
$495,314 | |
| OGN/TRY | Binance |
1.13 TRY
≈ $0.0225
|
≈ $93,081 | |
| OGN/USDT | KuCoin |
0.02252 USDT
≈ $0.0225
|
$24,861 | |
| OGN/USD | Kraken |
0.02266 USD
|
$8,500 | Trade on Kraken |
| OGN/EUR | Kraken |
0.02058 EUR
≈ $0.023
|
≈ $1,153 | Trade on Kraken |
| OGN/BTC | KuCoin |
0.000000304 BTC
≈ $0.0224
|
≈ $352 | |
| No results found. | ||||
Updated:
Ad · Digital asset prices are subject to high market risk and price volatility. Don't invest unless you're prepared to lose all the money you invest. Terms
This page contains affiliate links. We may earn a commission if you sign up, at no extra cost to you.
What is Origin Protocol?
Origin Protocol is a decentralized platform launched in 2017 by Josh Fraser and Matthew Liu, two Silicon Valley veterans with backgrounds at YouTube, Qwiki, and PayPal. The project was built to bring peer-to-peer commerce, non-fungible tokens (NFTs), and decentralized finance to mainstream users by removing intermediaries from online marketplaces and financial products.
Origin raised capital from notable investors including Pantera Capital, Foundation Capital, and Garry Tan, and conducted one of the first compliant CoinList token sales for OGN in 2020. The protocol is headquartered in San Francisco and has grown into a multi-product ecosystem that spans NFTs, yield-bearing stablecoins, and liquid staking. Origin's flagship products include Origin Dollar (OUSD), a yield-generating stablecoin that automatically earns DeFi returns while sitting in a user's wallet, and Origin Ether (OETH), a liquid staking token that aggregates returns from leading Ethereum staking protocols.
On the NFT side, Origin Story powered high-profile launches for artists and brands including 3LAU, Paris Hilton, Trevor Jones, and Pellar, generating tens of millions of dollars in primary sales. The OGN token serves as the governance and value-accrual asset for the entire ecosystem, with holders able to stake OGN as veOGN to direct protocol rewards and earn a share of the revenue generated by OUSD and OETH.
In November 2020, the OUSD vault suffered a flash-loan exploit that drained roughly $7 million in user funds; the team contained the incident and fully reimbursed affected wallets through a combination of treasury reserves, OGN buybacks, and OUSD reissuance — a transparent post-mortem and compensation plan that strengthened Origin's reputation for incident response.
More recently, Origin expanded into restaking through its integration with EigenLayer and continues to publish open-source smart contracts audited by OpenZeppelin, Trail of Bits, and Certora. The team maintains an active presence on GitHub, Discord, and governance forums, where the community votes on parameter changes, new integrations, and treasury allocations.
Origin's total value locked across OUSD, OETH, and its super-staking contracts fluctuates with broader DeFi cycles, but the project remains one of the longer-running DeFi brands that survived multiple market cycles since 2017. Partnerships with exchanges such as Binance, Kraken and HTX have ensured broad OGN liquidity, while collaborations with wallets like MetaMask, Ledger, and Rabby make its stablecoin and staking products accessible to retail users.
The project has also been featured in Forbes, Bloomberg, and CoinDesk for its early bets on creator-economy NFTs and auto-compounding DeFi yield. While Origin Protocol faces competition from Lido, Rocket Pool, MakerDAO, and OpenSea across its various verticals, its differentiated approach of combining NFTs, stablecoins, and liquid staking under a single governance token gives OGN a unique position in the market.
Users tracking Origin Protocol price should monitor total value locked, OUSD supply growth, OETH adoption metrics, and veOGN staking participation — all of which are published transparently on the Origin analytics dashboard and DeFiLlama. The project continues to iterate on product-market fit as it pushes deeper into yield aggregation, restaking, and mainstream crypto onboarding tools.
Key Features of Origin Protocol
- Origin Dollar Stablecoin: OUSD is a yield-bearing stablecoin that automatically accrues DeFi returns directly in the holder's wallet without staking or locking. It rebases daily, drawing yield from lending markets and liquidity provision on Curve, Aave, and Compound.
- Origin Ether Liquid Staking: OETH aggregates yield from multiple Ethereum liquid staking tokens including Lido, Rocket Pool, and Frax, giving holders diversified exposure to ETH staking rewards. It trades 1:1 with ETH and can be used as collateral across DeFi protocols.
- Origin Story NFT Platform: Origin Story provides white-label NFT launchpad infrastructure used by celebrity artists and luxury brands to mint and sell collections. It handles payments, royalties, and metadata while letting creators own their storefronts.
- veOGN Governance Staking: OGN holders can lock tokens as veOGN to vote on treasury decisions, gauge weights, and protocol upgrades. Lockers earn a share of OUSD and OETH performance fees, aligning long-term holders with protocol revenue.
- Audited Open-Source Contracts: All Origin smart contracts are open-source and have been audited by OpenZeppelin, Trail of Bits, and Certora. The team publishes monthly transparency reports and maintains an active bug bounty program through Immunefi.
Origin Protocol Use Cases
- Passive Stablecoin Yield: Users holding OUSD earn automatic daily yield on USDC, USDT, and DAI exposure without manually farming or managing positions. This suits treasuries, retail savers, and DAOs seeking low-effort dollar returns.
- Diversified ETH Staking: OETH holders gain exposure to a basket of liquid staking providers in a single token, reducing single-operator risk. It is particularly useful for ETH holders who want staking yield plus DeFi composability.
- Creator NFT Launches: Musicians, visual artists, and brands use Origin Story to launch NFT drops with custom storefronts and instant payouts. The infrastructure has powered multi-million-dollar releases including 3LAU's Genesis album and Paris Hilton collections.
- DAO Treasury Management: DAOs allocate portions of their treasury into OUSD and OETH to earn yield on idle stablecoins and ETH. Governance-controlled vaults and transparent accounting make Origin products suitable for on-chain treasury strategies.
- DeFi Collateral and LP: Both OUSD and OETH are whitelisted across Curve, Convex, and Balancer pools, allowing holders to layer additional yield through liquidity provision. Traders also use these tokens as collateral in lending markets to unlock leverage while still earning base yield.
Origin Protocol Tokenomics
- Total Supply
- OGN has a maximum supply of 1,409,166,406 tokens following its 2022 tokenomics upgrade, which removed prior inflation and introduced a fixed cap. The supply is fully diluted with no further minting possible under current governance parameters.
- Circulating
- Circulating supply sits in the high hundreds of millions of OGN, with team, investor, and ecosystem allocations fully vested as of 2023.
- Utility
- OGN is used for governance voting, veOGN lock-up staking, and revenue sharing from OUSD and OETH performance fees. Holders who lock OGN into veOGN direct protocol incentives and receive a portion of ecosystem earnings in ETH and OUSD.
- Emission
- Following the 2022 tokenomics overhaul, OGN has no ongoing inflation and the supply is capped. Any new distribution comes from the existing treasury allocation approved through on-chain governance votes rather than new issuance.
Frequently Asked Questions
Can I stake Origin Protocol (OGN)?
Yes. OGN holders can lock tokens for veOGN/xOGN through Origin's staking portal; longer locks earn higher voting power and a larger share of OUSD and OETH performance fees, which are distributed to stakers in ETH and OUSD rather than as inflationary OGN emissions. Origin's staking model has evolved over time (xOGN superseded an earlier OGV/veOGV system), so check the current contract addresses and lock parameters on the official Origin governance documentation before depositing.
What drives the value of Origin Protocol, and what are its risks?
Origin Protocol has operated since 2017 and has shifted focus over time across NFTs, stablecoins (OUSD), and liquid staking (OETH); the original Origin Story NFT marketplace was largely wound down in favour of the DeFi product line. Like any altcoin, OGN carries significant volatility and smart-contract risk. Evaluate OUSD/OETH total value locked, veOGN participation, governance activity, and broader DeFi sentiment before allocating. Never invest more than you can afford to lose; this content is not financial advice.
Where can I store OGN safely?
OGN is an ERC-20 token, so any Ethereum-compatible wallet works, including MetaMask, Rabby, Trust Wallet, and hardware wallets like Ledger and Trezor. For large holdings, a hardware wallet offers the strongest protection against online threats. Always double-check the contract address from the official Origin Protocol documentation before adding the token.
What is the difference between OGN, OUSD, and OETH?
OGN is the governance and value-accrual token of the Origin ecosystem, used for voting and the staked veOGN/xOGN program. OUSD is a yield-bearing stablecoin held 1:1 against a basket of dollar-pegged stablecoins, with the yield generated by deploying the backing into vetted DeFi strategies. OETH is a yield-aggregating liquid-staking wrapper backed 1:1 by ETH and ETH-denominated LSTs (such as stETH, rETH, and frxETH), so it tracks ETH while accruing staking yield. All three are issued by the same protocol but serve very different functions.
Has Origin Protocol ever been hacked?
Yes. On November 17, 2020 the OUSD vault was hit by a flash-loan exploit that drained roughly $7 million in user funds. The Origin team published a detailed post-mortem and a compensation plan funded by a combination of treasury reserves, OGN buybacks, and OUSD reissuance to affected wallets. The OUSD contracts were re-audited and hardened before relaunch, and Origin's incident reports remain published on the official blog. Older write-ups dating the exploit to 2022 are inaccurate.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.