The $OG Fan Token led the charge as the total trading volume of Fan Tokens surged past the $1 billion mark on October 7th.
Trading volumes for Fan Tokens far outweighed those in the NFT sector, which hit just $10M on the same day in comparison.
$OG accounted for a whopping $563M of total volume as interest in the digital asset sector increased markedly. Over 51 million $OG were traded on a momentous day for the token.
Remarkably, $282.33 million was traded on the OG-USDT pair on Binance alone, which beat the previous day’s trading volume for major tokens like Toncoin and Cardano on the exchange.
The increase in Fan Token trading activity saw the total capitalisation of Fan Tokens rise to just shy of $350M.
The activity had a significant impact on $OG’s price which rose by 87%, trading as high at $10.50 on the day.
Fan Tokens are official Digital Assets for the world’s best sport teams. They form the biggest Digital Asset class in sports. There are over 2M+ Fan Token wallets.
Chiliz are the creators of Fan Tokens, with their Fan Tokens providing engagement opportunities on the company’s engagement and rewards platform Socios.com.
Big names to launch Fan Tokens with Chiliz include Manchester City ($CITY), FC Barcelona ($BARCA), Paris Saint Germain ($PSG) and 70+ more teams.
Fan Tokens are available on multiple exchanges and can also be traded on Fan Token focused DEX Kayen.
Other big names in blockchain have created Fan Tokens, including Binance who are behind Fan Tokens from teams including Lazio and Santos.
