As a veteran high-performance blockchain operating , EOS, after experiencing the initial excitement and slump during its launch, has finally made a major breakthrough in recent times due to business transformation. The token EOS of the same name continues to rise, becoming a popular token. This article will delve into the latest developments of EOS, revealing how it is shaping the future landscape of blockchain.
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EOS is a high-performance blockchain platform designed to provide developers with a scalable decentralized application (dApps) environment. In 2017, Block.one, founded by Dan Larimer and Brendan Blumer, began developing EOS to address the scalability issues of blockchain. Block.one raised over $4 billion through an ICO, making it one of the largest ICOs in history, and the mainnet was launched on June 1, 2018.
The core team of EOS is led by Block.one, with founder Dan Larimer being a well-known figure in the blockchain industry, having created BitShares and Steem. Brendan Blumer is the CEO of Block.one, responsible for the strategic direction. Block.one is headquartered in the Cayman Islands, with offices in North America, Asia, and Europe.
EOS adopts the Delegated Proof of Stake (DPoS) consensus mechanism, providing high transaction speed and low latency, aiming to reduce user costs and support large-scale dApp deployment. Users can vote for block producers (BPs) by holding EOS tokens, and these BPs are responsible for verifying transactions and maintaining the network.
The development history of EOS includes multiple testnet versions, such as Dawn 1.0 (released on September 3, 2017), Dawn 2.0 (December 4, 2017), and finally launched the mainnet in 2018. In 2019, Block.one reached a $24 million settlement with the U.S. Securities and Exchange Commission (SEC) for conducting an unregistered ICO, but was not required to refund or register tokens.
On March 18, 2025, the EOS network announced its renaming to Vaulta, marking a strategic transformation towards Web3 banking. As a result, the EOS token surged on the same day and has maintained a strong upward trend in the near term. According to public information, this transformation includes the following key measures:
Token Exchange: Planned to take place at the end of May, EOS tokens will be exchanged for Vaulta tokens at a 1:1 ratio, with a 4-month exchange period through a dedicated portal.
Bank Advisory Committee: composed of banking experts, managers, and stakeholders in the digital asset field, ensuring legal compliance and promoting cooperation between financial technology, banking, and the cryptocurrency industry. Committee members include utives from ic Trust, Tetra, and ATB Financial.
Financial model: Vaulta introduces a four-pillar financial model:
Asset management: combining CeFi and DeFi to provide diversified income.
Consumer payments: support low-cost cryptocurrency payments, with transaction finality in less than 1 second.
Portfolio: Connecting traditional finance and DeFi through tokenizing real-world assets (RWAs).
Insurance: Providing decentralized insurance solutions to enhance financial accessibility.
exSat Integration: Bitcoin bridging technology enhances liquidity and expands connections with the blockchain eco.
Staking Mechanism: Providing up to 17% yield, much higher than Ethereum (2%) and Solana (5%). In addition, the estimated Staking APY fluctuates with the total staked EOS amount, and a reward fund of 250 million tokens is set up to incentivize participation.
EOS tokens are the native cryptocurrency of the network, with a total of 2.1 billion in circulation, accounting for nearly 30%, and used for multiple functions:
Paying Transaction Fee: While EOS aims to reduce user fees, resource usage may involve costs.
Vote for block producers (BPs): Holders can participate in network governance by staking EOS.
As a medium of exchange within dApps: supporting transactions and payments for decentralized applications.
As of the writing date, according to the market data displayed on Gate.io, EOS has risen by 37.85% in the past 30 days. This price increase is closely related to the rebranding of the Vaulta brand mentioned earlier. In fact, after the rebranding, the EOS token once surged by 30% to reach $0.65, and the market reaction was positive. In addition, the TVL on the EOS chain quickly surged to $265 million, with a weekly growth rate of 30.36%.
Technical analysis shows that EOS has broken through the descending parallel channel, indicating a shift from a downtrend to an uptrend. The Relative Strength Index (RSI) has reached 78, indicating strong buying pressure, but traders remain cautious about possible corrections. However, EOS price Volatility may fluctuate in the short term, but in the long run, brand reshaping may attract more institutional investment.
The rebranding of EOS to Vaulta marks its transition to a Web3 bank. With innovative technologies such as exSat and a high-yield staking mechanism, Vaulta aims to become a significant force in the CeFi and DeFi markets. As the token swap at the end of May 2025 approaches, the market will closely monitor the impact of this transformation on the eco and users.
Risk warning: Technological breakthroughs may face security challenges, market fluctuations may affect the development of the EOS eco, and regulatory policy changes may constrain the promotion of Web3 banking business.