Open Custody Protocol Logo

Open Custody Protocol OPEN

Open Custody Protocol header image

1. Summary

Ranks

Liquidity
18
Developer
-
Social
90
Momentum (beta)
7
Stack Rank™
-
Price
$0.01 -0.3%
Market Cap
$7.34M (#1463)
Supply
703.36M / 1.29B
Price
52W High price $0.11
52W High date 30th May 2023 (1 year ago)
All Time High (ATH) Date 18th Nov 2021 (2 years ago)
ATH Price $9.81
% From ATH -99.7%
All Time Low (ATL) Date 13th Oct 2023 (9 months ago)
ATL Price $0.03
% From ATL 15.6%
Supply & Trading Volume
Trading Volume (24h) $2.09M
Total Supply 1.29B
Max Supply 2.00B
Circulating Supply 703.36M
Description

Overview

Overview

Open Custody Protocol (OCP) is a decentralized trustless multi-party computation (MPC) custodial network pioneering a new approach to blockchain security and connectivity. Built upon a modular permissionless custody protocol, OCP enables seamless and secure integration of key management technologies from various providers, ensuring a more decentralized and efficient management of digital assets and private keys.

Key Features

  • OCP operates as a mesh network, allowing users to leverage diverse key management protocols for "Keychain Aggregation," simplifying development and aggregating the associated economic benefits.
  • The protocol supports multiple solutions such as MPC, dMultisig, HSMs, and trusted custodians, making it versatile and adaptable to the evolving blockchain landscape.
  • The $OPEN token facilitates economic transactions between users, builders, and custodial providers, ensuring the necessary guarantees for the protocol’s operations and incentivizing user participation.

Modular Architecture

  • OCP connects applications to a modular custody protocol, abstracting risk and complexity for developers.
  • The protocol democratizes participation in economic incentives, allowing any token holder to contribute without needing complex operations or large-scale validators.

Role in Blockchain Ecosystem

  • With the increasing need for interoperability and the integration of Real World Assets (RWAs), OCP's modular architecture addresses the demand for innovative and flexible custodial solutions.
  • OCP provides a critical building block for secure and efficient management of digital assets, promoting the growth of blockchain technology and applications.
2. Price

OPEN

2.1. Market Performance

How does Open Custody Protocol's (OPEN) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-39.2%

OPEN

-28.6%

Similar Market Cap

60 Day Return

-50.0%

OPEN

-58.3%

Similar Market Cap

1 Year Return

-72.6%

OPEN

-24.7%

Similar Market Cap

3. Developer Activity

We're monitoring 22 Open Custody Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Open Custody Protocol Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 116

Most Active Repos

Past week 1
Past 12 weeks 1
Past year 24
Past week 0
Past 12 weeks 0
Past year 18
Past week 0
Past 12 weeks 0
Past year 16
Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 19 developers have contributed to Open Custody Protocol over the past year. Who are the most active Open Custody Protocol developers, by commits, over the past year?

Related Projects

Developers working on Open Custody Protocol also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users 11,038
Active Discord Users 145
Telegram Users 269
Twitter followers 250
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.qredo.com/
Explorer https://etherscan.io/token/0x4123a133ae3c521fd134d...
Twitter @QredoNetwork

What is the correct contract address for Open Custody Protocol?

Ethereum 0x4123a133ae3c521fd134d7b13a2dec35b56c2463

Has Open Custody Protocol been audited for security?

No security audits found for this project.

Are you the owner of Open Custody Protocol? Edit it here

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