Go back to home


I'm new to crypto!

Ocean Protocol





The price of Ocean Protocol has fallen by 31.34% in the past 7 days. The price declined by 0 in the last 24 hours. The current price is €0.575 per OCEAN. Ocean Protocol is 62.75% below the all time high of €1.54.

The current circulating supply is 568,381,102.74 OCEAN.

Market Cap
Circulating Supply
24hr Volume
All Time High
1 Year
3 Month
30 Day
1 Week

What is Ocean Protocol (OCEAN)?

Ocean Protocol is a decentralized data exchange protocol that aims to unlock data for AI and broader use while ensuring data privacy and control. It's a blockchain-based platform that enables individuals and organizations to share and monetize their data in a secure, transparent way. Ocean Protocol uses the OCEAN token as a means of exchange on its network, facilitating transactions and rewarding data providers and consumers.

The protocol addresses a critical challenge in the data economy: the need for a balanced approach that respects data ownership and privacy while fostering data availability. By creating a marketplace for data, Ocean Protocol allows data owners to retain control over their data while making it accessible for analysis and insights. This approach is particularly significant for sectors like healthcare, finance, and government, where data sensitivity is paramount.

How does Ocean Protocol (OCEAN) work?

Ocean Protocol operates on a decentralized network where data providers and consumers interact directly without intermediaries. The protocol employs smart contracts on the Ethereum blockchain, ensuring transparency and security in transactions. These contracts automate the terms of data sharing, including access, pricing, and usage rules.

At the core of Ocean Protocol's operation is its unique tokenized service layer. This layer converts data services into data tokens, which represent a share or a right to part of a data service. These tokens can be bought, sold, or exchanged, just like any other cryptocurrency, allowing for a fluid and dynamic data marketplace.

Data providers use Ocean Protocol's tools to publish their data services, setting their own terms and pricing. Consumers, on the other hand, can discover and access these data services, paying with OCEAN tokens. The platform also includes mechanisms for privacy-preserving computations, enabling data analysis without exposing the raw data, which is crucial for maintaining data privacy and security.

Through this innovative approach, Ocean Protocol democratizes access to data, enabling a wide range of users — from researchers to small businesses — to tap into the potential of big data while upholding ethical standards in data usage.

What makes Ocean Protocol (OCEAN) unique?

Ocean Protocol stands out in the blockchain and data marketplace for several distinctive features:

Data Security & Control: Firstly, its commitment to data privacy and control sets it apart. Unlike traditional data sharing platforms, Ocean Protocol empowers data owners with full control over their data, ensuring that they can share it without compromising privacy or losing ownership rights. This aspect is critical in today's digital landscape, where data security and privacy are paramount.

Decentralization: Another unique feature of Ocean Protocol is its decentralized approach. By utilizing blockchain technology, the platform ensures that no single entity has control over the data being shared. This decentralization not only enhances security but also promotes transparency in transactions. It allows for a trustless environment where parties can transact without worrying about the integrity of the other party or the platform.

Tokenization of Data: Ocean Protocol's use of data tokens is also a distinguishing factor. These tokens represent ownership or access rights to a particular data service, making it easier and more efficient to trade and share data. This tokenization of data services is a novel concept in the data economy, creating a fluid and dynamic marketplace where data can be monetized and accessed on-demand.

Privacy & Confidentiality: The platform's support for privacy-preserving computations is another unique aspect. It enables data analysis and AI model training without exposing the raw data, thus maintaining confidentiality. This feature is especially important for sensitive data in fields like healthcare and finance, where privacy is crucial.

Versatility: Lastly, Ocean Protocol's versatility in terms of data types and sources contributes to its uniqueness. It supports a wide range of data, from simple text files to complex datasets, making it a versatile platform for various industries and use cases. This flexibility opens up new opportunities for data sharing and monetization, extending beyond traditional boundaries.

The OCEAN token: Utility & tokenomics

The OCEAN token is an essential part of the Ocean Protocol ecosystem, serving both as a utility token and playing a significant role in the platform's tokenomics. Understanding this is important to grasp the full scope of the protocol's functionality and economic model.

Utility of the OCEAN Token

Medium of Exchange: OCEAN tokens are used as the primary currency within the Ocean Protocol marketplace. They facilitate transactions for buying and selling data and data services, acting as a bridge between data providers and consumers.

  • Community Governance: Holding OCEAN tokens grants users a say in the governance of the Ocean Protocol. This includes voting on key decisions regarding the development and direction of the protocol, ensuring a decentralized and democratic management system.
  • Staking and Rewards: OCEAN offers a multi-tiered staking and rewards system, enhancing the protocol's liquidity and stability. Users can stake OCEAN tokens to provide liquidity to data pools, earning transaction fees. Additionally, by locking OCEAN tokens users receive VeOcean, which offers both passive rewards for holding and active rewards for staking on selling datasets. This comprehensive approach not only incentivizes participation but also ensures a dynamic, sustainable ecosystem, aligning with Ocean Protocol's vision of a decentralized and thriving data economy.

Tokenomics of OCEAN

  • The OCEAN token's utility and tokenomics are central to the operation and growth of the Ocean Protocol. They create a robust economic model that not only facilitates data exchange but also incentivizes participation and governance within the ecosystem, fostering a sustainable and decentralized data economy.
  • Fixed Supply: OCEAN tokens have a fixed total supply of 1,410,000,000, ensuring scarcity and potential value appreciation over time. This fixed supply model is crucial in maintaining the token's economic stability.
  • Distribution Mechanism: The distribution of OCEAN tokens is designed to support long-term sustainability. It includes allocations for community projects, development, and network maintenance, ensuring ongoing support and evolution of the Ocean Protocol.
  • Market-Driven Pricing: The value of OCEAN tokens is determined by market dynamics, influenced by demand for data services within the Ocean Protocol ecosystem and the broader cryptocurrency market trends.
  • Incentivization of Participation: The tokenomics of OCEAN are structured to incentivize active participation in the ecosystem. By rewarding data providers, curators, and consumers, the protocol ensures a vibrant and dynamic data marketplace.

History of Ocean Protocol (OCEAN): Founders and visionaries, ICO, and partnerships

Ocean Protocol was conceptualized and developed by a team including Bruce Pon and Trent McConaghy. Their vision was to create a decentralized platform for data sharing, aiming to unlock the value of data and ensure its secure and equitable distribution. The founders brought together their expertise in blockchain, big data, and AI to develop a protocol that would transform how data is accessed and monetized.

The Initial Coin Offering (ICO) for Ocean Protocol was a significant milestone in its history. Launched in 2019, the ICO was met with positive reception, reflecting the growing interest and confidence in the potential of blockchain-based data solutions. The funds raised through the ICO were instrumental in advancing the development and implementation of the protocol.

Ocean Protocol has formed significant partnerships that emphasize its role in the blockchain and data sectors. Notably, it has collaborated with the Deutsche Bundesbank to develop a decentralized network for real-time data access with a focus on data sovereignty. Ocean Protocol is also working with leading car manufacturers as part of the Mobility Open Blockchain Initiative (MOBI), including partnerships with BMW, Ford, Porsche, and Daimler/Mercedes-Benz. These collaborations highlight Ocean Protocol's impact across various industries, from finance to automotive, showcasing its utility in real-world applications

Price history and performance of Ocean Protocol (OCEAN)

OCEAN was listed in May, 2019, at a price of $ 0.03 and remained largely undiscovered, trading roughly sideways for about a year. In the summer of 2020, however, OCEAN gained traction and sky-jumped above $0.6, a 2000% increase compared to the initial listing price a year prior. 

The following year pushed OCEAN to new all-time highs of $1.8 in April and $1.2 in December 2021, largely in sync with the broad crypto landscape. The downward journey then commenced and the price of OCEAN lost momentum, bottoming out at a value of $0.12 in December 2022.

But the 2023 rebound invigorated OCEAN: In February, the token was trading for $0.48 and in December, 2023, it reached $0.55. In 2024, Ocean Protocol (OCEAN) has shown fluctuations in its price. The highest price reached was $0.5449, while the lowest was $0.3902. As of January, the price of OCEAN stands at approximately $0.4369. 

This performance indicates a dynamic market presence, with notable changes in trading activity and market value compared to the 52-week average. These variations in price reflect the evolving nature of the cryptocurrency market and Ocean Protocol.

How to buy Ocean Protocol (OCEAN)?

You can simply buy and sell OCEAN on the Coinmetro exchange in just a few seconds. Sign up for an account, if you are not already registered, deposit funds instantly and buy OCEAN and 80+ other crypto assets with just a few clicks. 


Join the Coinmetro community on Discord and Telegram, where forward-thinking traders and investors gather to share insights, explore new opportunities, and dive deep into the world of cryptocurrencies. Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com

To become a Coinmetro user today,  Sign Up now, or head to our new Exchange if you are already registered and experience our premium trading platform.