On the Eve of EOS's Ecosystem Revival: Can It Return to the Public Chain Arena?
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On the Eve of EOS's Ecosystem Revival: Can It Return to the Public Chain Arena?
In the fiercely competitive L1 market, EOS holds a favorable position through continuous innovation and superior tokenomic design.
Navigating Web3 tides with focused insightsAuthor: Youzi Army
Is EOS's Latest NFT "EOS&UB ChainPass" Worth the Hype?
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The EOS ecosystem stands on the brink of a revival. After a prolonged period of dormancy, recent developments have reinvigorated activity: EOS EVM has completed development of version v0.6.0, Total Value Locked (TVL) is growing alongside trading volume, and strategic initiatives are accelerating.
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The EOS Foundation has been highly active:It has launched and iteratively improved the EOS EVM along with its supporting Trustless Bridge, enabling seamless integration into the broader EVM ecosystem to attract more end-users, while placing strong emphasis on expanding in the Asia-Pacific market. The launch of PlayZap Games delivers high-performance, ultra-low-cost GameFi experiences on EOS EVM, further solidifying EOS’s position in the GameFi space.
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The EOS ecosystem has seen multiple highlights: the release of EOS EVM v0.6.0 brought a refreshed EVM ecosystemexperience, robust technical upgrades, and trustless USDT bridging functionality,helping DeFi projects rapidly surpass $5 million in TVL. Additionally, the EOS community celebrated its one-year independence anniversary, marking the transition from the legacy codebase to the community-run Antelope Leap codebase.
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Meanwhile, the EOS Network Foundation (ENF) is driving toward an interoperable future by integrating Pyth Network, Antelope IBC capabilities, and advancing the EOS EVM trustless bridge—aiming to enable seamless interactions across blockchains.
The current Web3 landscape presents a paradoxical mix of order and chaos. Bitcoin's surge has lifted the entire crypto market, yet many ecosystem projects still suffer from the "one-and-done" phenomenon. Meanwhile, the NFT sector is regaining attention, though whether it can ignite sustained momentum remains to be seen. In GameFi, several dark horse projects are emerging, but market sentiment is deeply divided on whether they can drive industry-wide takeoff. This diversification is not only spawning new sectors and projects but also pushing legacy projects to innovate.
Perceptive observers may have noticed that competition among L1s and L2s for market share is intensifying. Once dubbed a “doomed project,” EOS has recently become remarkably active—not only launching full EVM compatibility through EOS EVM but also actively exploring new ecological ventures. While past market performance of EOS has been thoroughly analyzed elsewhere, this article aims to explore whether EOS can reclaim its former glory.
The recent price rebound has sparked discussions within the market and community. This trend can likely be attributed to several key events: first, the establishment of EOS Labs and its comprehensive ecosystem strategy; second, EOS blockchain’s partnership announcement with Turkey’s compliant exchange CoinTR to jointly develop the Turkish market; and third, the recently launched权益 NFT in collaboration with UBOX. Driven by these innovations, there is genuine reason to believe that EOS could indeed rejuvenate itself through proactive positioning during the bear market.
Establishment of EOS Labs: A Clear Ecological Strategy
Founded in September this year, EOS Labs has laid out a clear development strategy, prioritizing DeFi and Gaming. It has proposed a visionary goal of establishing EOS as a leading “Super DApps” platform—an approach proven wise by subsequent collaborations.
Despite limited budgets, EOS Labs provided prudent funding allocation recommendations, focusing on core areas such as EVM ecosystem projects, cross-chain bridges, and user experience. It emphasized EOS’s long-term direction, calling on ecosystem builders to implement the principle of “ecosystem-first,” prioritize user experience, and apply financial thinking to manage EOS ecosystem funds—aiming for both price appreciation and sustainable ecological growth. Through a triangular cooperation model combining ENF infrastructure, ENV grants, and EOS Lab’s ecosystem development, breakthroughs in the “Super DApps” domain are expected. Rapidly building flagship projects will restore EOS’s reputation and trigger a transformative shift in its value. The proactive founding of EOS Labs not only strongly advances ecosystem construction but also positions it as a leader ushering in positive change for the EOS ecosystem.
CoinTR Partnership: Early Entry into New Markets
At the event held at the end of November, the major partnership between EOS and CoinTR was announced—an explosive move. Turkey, due to its geography, international relations, and domestic environment, is naturally suited for Web3 development. Located at the crossroads of Europe and Asia, it bridges two major markets. Notably, Asia holds the largest Web3 traffic and capital. Moreover, rampant inflation of the Turkish lira has driven over half of the population to adopt cryptocurrencies.
In this context, Turkey is actively embracing the crypto market. Just one month after hiring government officials and positioning itself as a compliant Turkish exchange, CoinTR formed a strategic partnership with EOS to reshape Turkey’s Web3 landscape and boost local and global blockchain adoption. This initiative will significantly strengthen EOS’s market presence in Turkey.
According to plans, this collaboration will establish a Web3 incubator in Turkey to nurture cutting-edge local blockchain projects, reinforcing EOS Network’s commitment to global blockchain innovation. It will launch the CoinTR Launchpad, allowing users to participate in IEOs and launch pools using EOS, USDT, and TRY as officially supported platform currencies. CoinTR will also introduce an EOS staking pool, offering incentives to token holders who stake on the exchange, along with extensive support—including marketing, token listings, and ecosystem events—for selected EOS projects.
EOS&UB ChainPass: Sustained Momentum in Ecosystem Collaboration
The collaboration between EOS and UBOX focuses on empowering ecosystem users. "EOS&UB ChainPass," the first redeemable public chain ecosystem NFT, allows holders to participate in ecosystem governance while receiving ongoing incentives from various blockchains and ecosystem projects.
Each EOS&UB ChainPass NFT contains a designated amount of corresponding public chain governance tokens. By participating in staking and DAO governance, users help build the public chain ecosystem and gain access to benefits including airdrops, whitelist access, Odyssey missions, gas subsidies, interaction rewards, and more. The introduction of ChainPass significantly safeguards holder rights. Compared to conventional PassCards, ChainPass innovatively introduces a redemption mechanism—holders can redeem EOS equivalent to the NFT’s face value at any time, eliminating the typical post-launch price collapse. This may well reflect the confidence of a major public chain.
According to official announcements from UBOX, there are five types of EOS&UB ChainPass NFTs. The EOS OG card offers exclusive EOS ecosystem airdrop benefits and cannot be resold or transferred, enhancing its uniqueness and value. The four other NFT tiers represent 100, 1,000, 5,000, and 100,000 EOS respectively, conferring different levels of privileges and returns. All can be redeemed 100% for an equivalent amount of EOS tokens at any time. This collaboration expands the user base and boosts engagement. Through innovative business models and deepened ecosystem partnerships, both parties aim to co-create greater market value and deliver rich, novel digital experiences.
I believe the market chatter about EOS making a comeback isn’t unfounded. As an early powerhouse L1 project, EOS once achieved remarkable success. Despite later setbacks and the aggressive rise of L2s, today’s Web3 landscape sees L1s continuing to pursue innovation and specialization, while many L2s lack sufficient novelty and diversity. Amid the flood of new L2 projects, renewed market interest in established L1 tokens has brought EOS back into the spotlight. With continuous innovation and superior tokenomics, EOS holds a competitive edge in the fierce L1 arena—now, all that remains is to wait and see.
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