What ONyc is designed to do
ONyc is a fiat-backed stablecoin, currently ranked 226th by market capitalization among the assets we track. Unlike volatile crypto assets, ONyc targets a fixed value backed by off-chain reserves. Holders use it to park value, settle trades, and move money — its entire value proposition is that it does not move.
ONyc (ONYC) is a cryptocurrency designed to facilitate secure and efficient peer-to-peer transactions while promoting the concept of tokenization in various asset classes. It aims to create a decentralized ecosystem that enhances digital ownership and commerce.
How the peg is meant to hold
Pegs are defended by market makers who profit from closing any gap to par. The strength of that defense comes down to whether the backing assets are liquid and the issuer is solvent.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in ONYC. In sector terms it is most often filed under Solana (SOL) Token and Stablecoin.
Where ONyc sits in the market
With ONYC near $1.12, ONyc carries a market capitalization of $111.78M. Around $705.00K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.63% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Almost the entire ONYC supply is already in circulation (~100.0% of the 100M cap), so future dilution is effectively off the table. At the current $1.12, ONYC sits essentially at its record high — the riskier end of the range for fresh entries.
What the price history shows
The tape currently reads 24-hour +0.03%, 7-day +0.18%.
Volatility profile
Recent action puts ONyc in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like ONyc
For an asset of this type, three lenses matter most:
- Reserve quality — what backs ONYC — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
