OMNI futures volume surges, new market trends behind the exchange competition

At the end of July, during the turbulent adjustments in the Crypto Assets market, OMNI futures stood out, becoming the brightest focus in the derivation track. Accompanied by the astonishing performance of the OMNI Spot price rising 100% in a single day, several mainstream exchanges urgently adjusted their contract mechanisms and launched high-stakes trading activities, quietly igniting a competition for OMNI Liquidity.

##The exchange responds urgently, with funding rates and activities progressing on dual tracks.

Frequent funding rate adjustments: becoming a core response strategy. On July 29 at 14:00 UTC, Phemex and KuCoin will synchronize the funding rate settlement for the OMNIUSDT perpetual contract from every 8 hours to once every hour, aiming to reduce the risk of long and short imbalances during severe market fluctuations, with the maximum rate maintained at ±2.00%. This adjustment significantly enhances capital efficiency but also requires traders to closely monitor their positions.

High trading activity stimulates liquidity: Following closely. Gate launched a 10-day OMNI trading check-in competition on July 29, with a total prize pool of up to 50,000 USDT:

• Recharge Reward: For every net recharge of 100 OMNI, you will receive 5 USDT as a gift, with a maximum of 100 USDT;
• Trading Check-in: Spot daily trading volume ≥ 500 USDT or contract daily trading volume ≥ 5,000 USDT, eligible for a random reward of 5-10 USDT, with additional bonuses for accumulating qualifying days;

##Spot price surge becomes the fuse, technical analysis and news resonance

The surge in futures popularity directly stems from the crazy performance of the Spot market. On July 29, South Korea's largest exchange Upbit listed OMNI, triggering the price to violently rise from a low of 2.29 USD to 6.64 USD, with a maximum daily increase of 190%, and trading volume skyrocketing to 976 million USD. Although the price fell back to 4.97 USD as of July 30, the monthly increase still maintained at 234%.

The driving force comes from three factors:

1. Liquidity expansion: Upbit opens to high-speculation users in Korea, with a surge in buy orders;
2. Deflationary Effect: With fewer circulating tokens, platforms like Binance offer 11% APY staking incentives, exacerbating short-term scarcity;
3. Technical Breakthrough: The price ended a 15-day downtrend channel on July 27, forming a strong bullish signal.

##The Long-Term Value of OMNI: More Than Just Speculation

OMNI Network, as a Layer 1 blockchain, has a core mission to solve the fragmentation issue of the Ethereum Rollup ecosystem. Through its native intercommunication architecture, it allows developers to call contracts and share liquidity across Rollups, unifying the disparate user experience into a cohesive network.

Recent integrations with projects like Aarna AI (DeFi risk management) and PaintSwap (NFT platform) have validated its potential in payment solutions and cross-chain application scenarios. If the Ethereum Rollup scaling path continues to evolve, the infrastructure value of OMNI may further stand out.

##Trading Strategies and Risk Warnings

In the short-term volatility, professional traders have shown tactical adjustments. Well-known analyst Michaël van de Poppe took profits on his entire position after OMN reached $7.25, and shifted his allocation to potential tokens such as W, REZ, and RPL, highlighting the classic strategy of "buying the rumor, selling the news."

Futures traders need to be aware of three major risks:

1. High leverage risk: The hourly funding rate adjustment may accelerate liquidation, especially in markets where the price fluctuates more than 30% within a day;
2. Activity rules restrictions: The exchange prohibits market makers and sub-accounts from participating in reward activities, and strict scrutiny is applied to wash trading.
3. Market sentiment shift: The crypto market fear and greed index reaches 74/100 (extreme greed), with pullback pressure accumulating.

##Conclusion: The Popularity of Derivations Reflects Ecological Evolution As of August 1, the open interest in OMNI futures remains high. The exchange's mechanism adjustments and increased activities are both a response to short-term volatility and a bet on its long-term narrative of cross-chain interoperability. With more Rollups adopting its communication protocol and the deepening integration of DeFi, OMNI may shift from being an event-driven asset to an ecosystem-level asset supported by technical value. For traders, as they chase high reward pools and volatile gains, the changes in hourly funding rates and the breakthroughs at key support and resistance levels (such as $6.50 support / $8.00 resistance) will be the core variables determining the outcome.