OMG Price Doubles as DeFi and Record Ethereum Fees Create ‘Perfect Storm’

The native token for OMG Network has more than doubled in the past week as record Ethereum fees lead some investors to look to layer-2 solutions.

Additional reporting by Omkar Godbole.

CORRECTION (Aug 20, 09:30 UTC): A previous version of this article referred to OMG Network by its old name OmiseGo, this has since been corrected.

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