Latest Onomy Protocol (NOM) News Update

Deep Dive

1. Gate Delisting & Buyback (21 July 2025)

Overview:
Gate.io finalized NOM’s delisting on 21 July 2025, citing failure to meet trading standards. The exchange initiated a buyback for eligible holders who applied via a form, depositing USDT equivalents into user accounts. Withdrawals will soon be disabled, forcing remaining holders to act swiftly.

What this means:
This is bearish for NOM as it reduces liquidity and signals waning exchange confidence. However, the buyback may temporarily cushion selling pressure – though only 19% of circulating supply ($82K market cap) is affected. The token’s 81% 7-day rally post-announcement suggests speculative interest despite structural headwinds. (Gate)

2. CoinEx Exit (20 June 2025)

Overview:
CoinEx delisted NOM/USDT and NOM/BTC pairs on 27 June 2025 after a routine review flagged issues with trading volume and project development. Users had until 27 September 2025 to withdraw assets.

What this means:
The loss of a BTC trading pair compounds liquidity fragmentation. With KuCoin and Gate also exiting since 2024, NOM now relies on smaller exchanges, increasing volatility risks. The 30-day price drop of 31% aligns with reduced market access. (CoinEx)

Conclusion

NOM’s exchange exodus reflects chronic issues with adoption or compliance, yet its recent price surge hints at contrarian speculation. With 90% of its 2024 value erased, does the protocol have fundamentals to justify holding despite shrinking liquidity pools?

TLDR Onomy Protocol’s exchange exits spark debates – here’s what’s trending:
1. KuCoin delisting fuels liquidity fears
2. CoinEx cites weak fundamentals in removal
3. Gate’s buyback fails to calm holders

Deep Dive

1. @KuCoin: Delisting shakes trader confidence bearish

"KuCoin removing NOM/USDT by 31 Oct 2024 after failing platform criteria – users must withdraw before 28 Nov"
– @KuCoin (9.2M followers · 42k impressions · 2024-10-28 09:57 UTC)
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What this means: This is bearish for NOM because losing a top-5 exchange by volume (CoinGecko) reduces liquidity access for 9M+ users, potentially accelerating sell pressure before withdrawal deadlines.

2. @CoinEx: Development concerns trigger exit bearish

"Delisting NOM/BTC and NOM/USDT effective 27 Jun 2025 – cited 'community structure and technology development' shortcomings"
– @CoinEx (890k followers · 11k impressions · 2025-06-19 12:00 UTC)
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What this means: This is bearish for NOM because exchanges typically delist coins showing weak GitHub activity or decentralized governance – metrics often tied to long-term viability.

3. @Gate: Buyback fails to offset delisting mixed

"Completed NOM buyback at $0.00058 on 21 Jul 2025 – 19 coins removed despite compensation efforts"
– @Gate (3.1M followers · 159k impressions · 2025-07-22 06:24 UTC)
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What this means: This is mixed for NOM – while buybacks temporarily stabilized price 3.5% above current levels, the forced exit from another major platform compounds accessibility issues.

Conclusion

The consensus on NOM is bearish after three consecutive exchange delistings between October 2024-July 2025, with remaining liquidity concentrated in smaller DEXs showing $1.53M daily volume (-8.42% WoW). Watch the circulating supply metric – 134.6M NOM (79.3% of total) could face increased sell pressure if remaining CEXs like BitMart follow suit.

TLDR No recent codebase updates found for Onomy Protocol (NOM).

1. Last Code Commit (6 November 2024) – Final recorded GitHub activity addressed infrastructure stability.
2. Delisting Impact (28 October 2024) – KuCoin removed NOM trading, reducing liquidity access.
3. Staking Documentation Update (1 Year Ago) – Guides simplified delegation but lack recent revisions.

Deep Dive

1. Last Code Commit (6 November 2024)

Overview: The most recent commit to Onomy’s primary GitHub repository focused on routine chain software maintenance.

The update modified validator node configuration files to improve synchronization reliability. No new features or protocol upgrades were introduced. The commit message (“failure Nov 6, 2024”) suggests troubleshooting for network instability.

What this means: This is neutral for NOM because minor maintenance updates indicate basic upkeep but no active feature development. Users might experience fewer node outages, but the lack of innovation could signal stalled progress.
(Source)

2. Delisting Impact (28 October 2024)

Overview: KuCoin delisted NOM, citing compliance with exchange “Special Treatment Rules.”

While not a codebase change, the removal from a major exchange (followed by CoinEx in June 2025) reflects dwindling developer engagement to meet listing standards like liquidity or community activity. On-chain metrics show NOM’s 24h volume at $1.59M, down 47% from its 2024 peak.

What this means: This is bearish for NOM because reduced exchange support limits trading access, often correlating with declining developer interest and project viability.

Conclusion

Onomy Protocol shows minimal recent technical development, with its last code changes occurring 9+ months ago and exchange delistings compounding liquidity challenges. While staking mechanisms remain operational, the absence of code commits or upgrades in 2025 raises questions: Can the team reignite development to align with evolving DeFi demands?