$BTC

Established public chain project - EOS (EOS)
Once dubbed the Ethereum killer, EOS was a star of the 2018 bull market, developed by the Block.one team, focusing on high-performance public chains, using a DPoS consensus mechanism, claiming to handle millions of transactions per second with zero fees. The ICO raised over $4 billion, setting a historical record, and at launch, the price soared to over $20, with its market value briefly entering the top five.
Many believed it could take away Ethereum's market share, and the ecosystem projects were once very lively, with games, DeFi, and social applications. Unfortunately, the good times didn’t last. The team was later accused of running away, development progress was slow, and there were ongoing controversies over centralization (only 21 supernodes). Coupled with the Ethereum 2.0 upgrade and the rise of new public chains like Solana, EOS gradually became marginalized. The price has fallen from its highs and now hovers around $0.7, with its market value ranking outside the top 100. On-chain activity is low, and the TVL has shrunk to only a few tens of millions, far from its former glory.
Recently, there have been some small movements; the team has pushed for new upgrades in an attempt to revitalize the ecosystem and has collaborated with some gaming projects, but the market response has been tepid, with everyone more focused on new hotspots like Solana and Sui, the rising stars.
EOS still has its advantages, but the narrative has become outdated, and the community has dispersed significantly. (Follow, like, and share to receive a BTC red envelope)