Key metrics (from the most liquid sources):

· Circulating supply: 183,870,000 EDEN (from a max supply of 1,000,000,000 tokens).

· Max supply: 1,000,000,000 EDEN.

· Circulating supply (alternative source Metamask): 159,340,000 EDEN, market cap ~$2.40 million.

· All-Time High (ATH): $1.74 (a drop from peak of about 97%).

Project and its positioning

OpenEden (formerly Eden Network) is a protocol focused on the tokenization of Real World Assets (RWA), primarily products backed by US treasury bonds (TBILL and USDO tokens). The protocol is also developing the PRISM initiative — the first regulated multi-strategy tokenized portfolio with a unique market offering for RWA.

Token distribution:

· Ecosystem and community: 41.22%

· Team and advisors: 20.00% (locked until January 2027)

· Investors: 15.28%

· Fund: 10.00%

· Bills Airdrop: 7.50%

· Early participants: 6.00%

Institutional partnerships and regulation

· S&P Global: the TBILL fund received an "AA+" rating from S&P Global in October 2025 — one of the few tokenized funds with an investment rating from a major agency.

· BNY Mellon: one of the largest custodial banks in the world (managing over $52 trillion in assets) was appointed as the manager and main custodian of the fund's underlying assets.

· Strategic investments: the project attracted funding from Ripple, Lightspeed Faction, and FalconX — a mix of crypto and traditional investors.

Fundamental analysis conclusion: OpenEden is a project with a clear business model in the rapidly growing RWA sector. The presence of a rating from S&P and partnerships with BNY Mellon sets it apart from most crypto projects. However, the gap between the fundamental value of the protocol and the market value of the EDEN token remains significant — the protocol is attractive to institutional partners, but this does not necessarily translate into demand for its token.

Key events of May 2026

· Sharp price surge: from May 17-18, the price of EDEN jumped from $0.037 to over $0.07 (more than 80% in two days) amid a resurgence of interest in the RWA sector, especially in on-chain treasury bond projects. After this, a correction occurred, but the price remained above $0.05.

· Rising interest in RWA: amid high yields on US treasury bonds and declining appetite for high-risk assets (AI, Meme), capital has started flowing into projects offering real yields and regulatory clarity. OpenEden positions itself as a beneficiary of this trend.

· Vesting extension: the extension of the team's token lock-up until 2027 was seen as a signal of long-term commitment to the project and temporarily alleviated concerns about selling pressure.

Integral assessment:

EDEN/USDT represents a high-risk, but potentially high-reward asset in the early stages of development. For short-term speculative traders, the current consolidation phase may provide trading opportunities in the $0.03–$0.07 range when catalysts arise. For medium-term investors, the key factor will be OpenEden's ability to convert institutional partnerships into sustainable growth in TVL and on-chain activity. Long-term holders should consider risks associated with centralization, dilution of supply, and a potential decline in interest in the RWA narrative. In any case, due to low liquidity and high volatility, strict risk management is recommended, and avoiding large positions without proper diversification is advisable.