#EOSProject 024 was a transformative year for EOS, marked by groundbreaking innovations and strategic advancements that set new standards for blockchain technology. The deployment of Leap 5 in early 2024 introduced significant improvements in performance, scalability, and efficiency, paving the way for the Spring 1.0 hard fork and the activation of the revolutionary Savanna consensus algorithm. This upgrade delivered instant 1-second transaction finality, advanced cryptographic capabilities like aggregate BLS signatures, and a flexible blockchain architecture that enhanced operational efficiency.

EOS also unveiled a new tokenomics model that redefined its economic framework. The total token supply was capped at 2.1 billion, inflation was eliminated, and a 250 million EOS staking rewards program was introduced. These changes not only provided long-term economic stability but also drove record-breaking growth in Total Value Locked (TVL) and user participation. Strategic funding allocations supported middleware development, RAM ecosystem enhancements, and staking incentives, fostering innovation and ecosystem expansion.