Ocean Protocol
OCEAN#581 by market capQualifies for a record and its pages are captured daily, but the record has not been written yet.
Ocean Protocol is for decentralised storage. We have not written its record yet, so its promises are not checked. It trades at $0.1611, #544 of all coins by size, 92% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #8 of 21 storage networks. 1 reason to be careful.
Is it real?
Reasons to be careful:Half the supply still to come
ExpandCollapse
Passes all four
- ✓A real-world jobReal-world purpose: decentralised storage
- ✓Real backingBacking: trades on Coinbase, Kraken, Upbit
- ✓Something aheadAhead: news this month about tokenization
- ✓Room to growRoom: worth $38.81M, 19 times smaller than Filecoin, the biggest coin within reach doing the same thing (Storage)
Listed on 4 big exchanges
- Origin10 August 2019about about 7 yearsoceanprotocol.com, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Coinbase, Kraken, Upbit, Upbit Indonesia
- Standing on the recordNo recordNo dated promise to judge yet3 headlines last monthNo corrections needed so far
- Real-world purpose: decentralised storage
- Backing: trades on Coinbase, Kraken, Upbit
- Ahead: news this month about tokenization
- Room: worth $38.81M, 19 times smaller than Filecoin, the biggest coin within reach doing the same thing (Storage)
It is already worth more than the typical coin in Storage ($13.58M). To match the leader, Filecoin ($734.75M), its price would need to rise 1793%, to about $3.05.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
- Only 3 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
ExpandCollapse
Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
ExpandCollapse
Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Decentralised storage
21 coins tagged Storage, worth $1.66B together. #8 of 21 by worth.
Storage: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Ocean Protocol$38.81Mthis coin+1.6%17% outno record
Filecoin$734.75M18.9× bigger, +$695.94M−11.2%, gap −12.9no maxnone dated
BitTorrent$321.97M8.3× bigger, +$283.16M−1.4%, gap −3.1100% outnone dated
Arweave$177.56M4.6× bigger, +$138.74M−3.5%, gap −5.299% outnone dated
AIOZ Network$91.98M2.4× bigger, +$53.17M+0.8%, gap −0.8no maxno record
Walrus$71.38M1.8× bigger, +$32.57M−2.1%, gap −3.751% outno record
Holo$66.33M1.7× bigger, +$27.51M−0.8%, gap −2.4no max17 of 19 delivered
Siacoin$42.19M1.1× bigger, +$3.38M−9.7%, gap −11.4no maxno record
Storage: this coin next to Filecoin, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Ocean Protocol says
- Ocean Protocol is an ecosystem for sharing data and associated services.
- Filecoin says
- Filecoin describes itself as a decentralized way to store data, as an alternative to using cloud storage companies.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Ocean Protocol is an ecosystem for sharing data and associated services. It provides a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.
Problem it says it solves: decentralised storage. 21 coins are working on it and together they are worth $1,660,927,910. This coin is 2% of that.
Where it trades: Coinbase, Kraken, Upbit, Upbit Indonesia , Uniswap V2
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
1 reason to be careful
- Half the supply still to come83% of the maximum supply is still to come
ExpandCollapse
Storage: this coin next to the group's largest, Filecoin.
| Ocean Protocol | Filecoin | |
|---|---|---|
| Years trading | 7 years | 5 years |
| Major exchanges | 4 | 10 |
| Named backers | 0 | 3 |
| Headlines, last month | 3 | 86 |
| Promises delivered | no record | no record |
What it says is different: Ocean Protocol is an ecosystem for sharing data and associated services. It provides a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on…
It is 5.3% the size of Filecoin. On the facts above it is behind on major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.
The homework: the coin itself, the news, the record
The coin itself
ExpandCollapse
The last 7 days
Where today sits against its highest ever price
Highest ever: $1.93 on 10 April 2021. Today is 8% of that.
17%
of all OCEAN that will ever exist is already out in public hands: 240.96M coins.
83% (1.17B coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 240.96M of 1.41B.
- 1.17Bcoins still to be released, 83% of the maximum. Releases can add selling pressure.
- 1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $1.93 on 10 April 2021. That is −91.7% from the top.
- #544by market cap, $38,813,076.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
ExpandCollapse
Headlines per day, last 30 days
3 headlines named this coin in the last month.
What they were about
- AI2
- Tokenization1
- Price1
- Super AI Coin Worth $7.5bn? SingularityNET, Fetch.ai, and Ocean Protocol Consider Token Merger
- Ocean Protocol Review: Tokenized AI & Private Data
- Ocean Protocol Price: OCEAN Price Index and Live Chart
Headlines are the publishers' own. News is never placed next to price.
The record itself
Qualifies for a record and its pages are captured daily, but the record has not been written yet.
ExpandCollapse
Six facts, the project's own replies, its peers, contract facts, references and every stored copy