In September, the frenzy that propelled the nonfungible token (NFT) sector quieted down but a flare-up of fresh energy emerged as the layer-two sector heated after the successful launch of Ethereum (ETH) scaling solutions similar Arbitrum and Optimism.

Some other projection that has benefited from the sector's transition to layer-one and layer-two alternatives is OMG Network (OMG), a non-custodial layer-two protocol that utilizes an optimistic rollup scaling solution to ameliorate Ethereum scalability.

Data from Cointelegraph Markets Pro and TradingView shows that after hit a low of $eight.42 on July xx, the price of OMG has climbed 380% to reach a daily high of $xiii.52 on Oct. ane for a record $3.37 billion in 24-hour trading volume.

OMG/USDT 1-day chart. Source: TradingView

Prior to the market-wide pull-back that began in early May, OMG had been performing well, in large part thanks to a Coinbase listing. A major development for the protocol came at the beginning of June when the projection rebranded from OmiseGO to OMG Foundation as part of its pin toward layer-two solutions.

Enya and the Boba Network back OMG'south progress

A major office of the rebrand was to highlight the network's partnership with Enya, a company that creates decentralized infrastructure solutions and the creator of the Boba Network.

According to the project'southward website, the Boba Network is a Ethereum layer-2 optimistic rollup scaling solution aimed at reducing gas fees, improving transaction throughput and extending the capabilities of smart contracts.

With Enya edifice the Boba Network as a core contributor to the OMG Foundation, the OMG token has benefited from its clan with the launch of a new layer-two solution

The rollout of the Boba Network, which rebranded from OMGX, began on Aug. 19 and closely tracked the ascent in the toll of OMG.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for OMG on Aug. 16, prior to the recent price ascent.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparing of historical and current market conditions derived from a combination of data points including marketplace sentiment, trading volume, recent cost movements and Twitter activity.

VORTECS™ Score (dark-green) vs. OMG price. Source: Cointelegraph Markets Pro

Every bit seen in the chart above, the VORTECS™ Score for OMG began to option up on Aug. 16 and climbed to a high of 75 on Aug. 25, around 24 hours before the price began to increase by 100% over the next three weeks.

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