Convert between OHM and US dollars at the live rate.
$1,415.26
−98.68% from current
$7.54
+147.61% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Olympus is a decentralized reserve currency protocol built on Ethereum. The OHM token is backed by a treasury of stablecoins, ETH, and other crypto assets, and the project aims to provide a free-floating, policy-controlled currency that is not pegged to any fiat. Olympus launched in March 2021 under the pseudonymous founder Zeus and quickly became the original case study for the (3,3) game-theory meme that defined a generation of DeFi forks.
The protocol pioneered two ideas that the rest of DeFi has since absorbed: protocol-owned liquidity (POL), where the DAO buys its own AMM liquidity through bonds, and rebase staking, where stakers receive newly minted OHM directly into their wallets at every epoch. After the 2022 collapse, Olympus pivoted to OHM v3 with the Range bond mechanism, scaled-back emissions, and a treasury-first balance sheet.
OHM trades on Sushi, Uniswap, Balancer, and a handful of centralized venues. Live data on this page is aggregated from a multi-venue market feed and refreshes every 60 seconds. The reference quote is a volume-weighted average that includes OHM/ETH and OHM/DAI pairs, where most of the on-chain volume sits.
What moves OHM on any given week:
OHM hit an all-time high near $1,415 in April 2021 during the (3,3) mania, then collapsed by more than 99% through 2022 as emissions outran new buyers. The post-v3 token is structurally different from the 2021 version, and the numbers in the price card above are live; the analysis below uses the levels at page load.
Olympus introduced game theory directly into its onboarding. The (3,3) chart, lifted from a classic prisoner’s-dilemma payoff matrix, framed three actions: stake, bond, or sell. If everyone staked, everyone won (the +3,+3 cell). If everyone sold, everyone lost. The meme spread quickly and became shorthand for an entire wave of DeFi 2.0 forks.
In practice, the early APYs were unsustainable. New OHM had to come from somewhere, and the only source was the protocol minting more of it. When bond demand cooled and macro conditions turned in late 2021, the staking flywheel reversed. By mid-2022, OHM had crashed from over $1,000 to under $20, and most of the (3,3) fork ecosystem (Wonderland TIME, KlimaDAO, and dozens of smaller copies) had collapsed alongside it.
The single most durable contribution from Olympus is protocol-owned liquidity. Most early DeFi projects rented liquidity from yield farmers using token emissions. The moment emissions slowed, mercenary liquidity left and prices broke down. Olympus inverted that model: the DAO buys its own LP tokens through bonds, so the AMM pools belong to the protocol, not to short-term farmers.
Today Olympus runs one of the larger DAO-owned treasuries in DeFi, even after the 2022 drawdown. The treasury holds DAI, FRAX, ETH, LP positions, and a long tail of strategic investments in other DeFi protocols.
Olympus v3 replaced the open-ended bond program with Range, a defined-band monetary policy. Range sets an upper and a lower wall around the per-token treasury backing. Inside the band, the protocol does nothing. At the cushions, it issues bonds to slow movement; at the walls, it executes hard buys or sells to defend the price.
Range is the explicit answer to the v1 critique. Instead of unlimited emissions whenever bonds were open, the protocol only sells OHM at high premiums and only buys OHM near backing. The mechanism is policy-controlled, not algorithmic, and the DAO can adjust band widths through governance votes.
Staking is the second leg of the Olympus token model. OHM holders can stake to receive sOHM, which rebases at every epoch (eight hours). Rebases distribute newly minted OHM, so the sOHM balance grows over time even though the dollar value depends entirely on the OHM price.
For longer-term price scenarios, see our Olympus price forecast. For comparison with another DeFi blue-chip that runs a treasury-backed model, see our MakerDAO page.
OHM is primarily a DEX-traded asset. Most buying happens on Sushi (OHM/ETH and OHM/DAI), Uniswap, and Balancer, with limited centralized-exchange listings on venues like KuCoin and Gate. The buying flow is the same as for any mid-cap DeFi token, with one nuance: deciding whether to stake into gOHM after the buy.
Send a small test transaction first whenever you move large amounts. A misrouted transfer on the wrong network is rarely recoverable.
OHM is not a stablecoin and not a productive equity claim. It is a treasury-backed reserve token whose price floats above a measurable floor. The risks are specific and worth taking seriously before allocating.
This page is information, not financial advice. Talk to someone licensed before allocating real capital.
Analysis last updated:
Olympus (OHM) trades at $18.67 with a 24-hour volume of $82.64K and a market capitalization of $278.97M. The asset is currently ranked #133 among all tracked cryptocurrencies.
In the last 24 hours, the OHM price has risen +0.32%. On a seven-day window, Olympus has climbed +1.08%, showing consistent upward momentum across both windows. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Olympus's all-time high of $1,415.26 was set on April 24, 2021. The current price sits +98.68% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Olympus (OHM) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Olympus converter above to estimate how much OHM you would get for a given dollar amount before placing the order.
Whether Olympus is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, OHM carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
