EOS coin has been renamed $Vaulta to enter the Web3 banking business. Can it revive the glory of the "Ethereum killer"?

EOS Network renamed Vaulta to transform Web3 bank, coin prices soared, but it remains to be seen whether it can restore market confidence. (Summary: The shortage of mortgage money intensifies" Buy 20 million real estate with an annual income of at least 2 million yuan, and the bank is willing to provide eighty percent) (Background supplement: Bitcoin loans can be mortgaged!) Crypto-friendly bank Xapo offers up to $1 million, who is eligible? EOS Network (EOS), a representative of early blockchain infrastructure, announced a name change to Vaulta, fully transforming Web3 banking, and after the announcement, the EOS coin price rose 17.8% in 24 hours. EOS Transforms Vaulta, Enters Web3 Finance Today (19th), EOS Network officially announced that the brand was renamed Vaulta, no longer focusing on high-performance public chains as the main development direction, but transforming into a Web3 banking operating system, with the goal of linking traditional banking business and decentralized digital assets. Vaulta focuses on four main areas: Wealth Management – Providing Decentralized Asset Management Services Consumer Payments – Simplifying the Cryptocurrency Payment Experience Portfolio Management – Helping Institutions and Individuals Optimize Digital Asset Allocation Insurance – providing risk management solutions for digital assets Yves La Rose, CEO of the EOS Network Foundation and founder of Vaulta, posted on social platforms: EOS is the beginning, Vaulta is the future. This transformation is the culmination of years of preparation, and now is the time to redefine the future of finance. Rebranding from #EOS to Vaulta is a defining moment, not just in name but in purpose. For years, we’ve been building towards a financial future rooted in Web3 banking, open finance, and real-world blockchain utility. EOS was the beginning, #Vaulta is the future. — Yves La Rose (@BigBeardSamurai) March 18, 2025 Read more: EOS officially changes its name to Vaulta, announcing strategic transformation to Web3 banks and banking advisory groups Coin prices rise strongly, but the market still has doubts Affected by this news, the EOS coin price rose 17.8% in 24 hours, and the highest came to come $0.6528, tentatively quoted at $0.5828. The market is buying into the Vaulta concept in the short term, but it remains to be seen whether it can continue to push prices higher. In addition, Vaulta plans to conduct a token swap at the end of May, but the details have not yet been announced, and investors still have doubts about the transformed token economic model. EOS Coin Price 24-Hour Price EOS's Past Glory and Controversy EOS was once one of the most high-profile public chain projects in the market, raising a record $4 billion in ICOs in 2017, and was known as the "Ethereum killer", and once ranked fourth in cryptocurrency market capitalization. However, as the development of the ecosystem is hindered, EOS faces problems such as community division, developer loss, and governance disputes, resulting in a long-term low coin price. EOS's "high TPS, zero transaction fees" used to be the core selling point, but it ultimately failed to attract mainstream applications, resulting in a shrinking ecosystem. Over the past few years, the EOS Network Foundation has made several improvements, such as tweaking the token economy model and proposing new governance, but the market response has generally been lukewarm. Today, Vaulta's transformation into a Web3 bank is seen as the most radical transformation for EOS, but the market reaction remains polarized. Some investors believe that this is an opportunity for EOS to be reborn, but others question whether this is just another act of "changing its name to save itself". Web3 banks are highly competitive, can Vaulta break through? Vaulta will face competition from traditional financial institutions and other crypto banks. There are already multiple decentralized finance (DeFi) platforms on the market that offer similar services, such as Aave, MakerDAO, and others. Whether Vaulta succeeds in attracting institutional investors and gaining a foothold in the Web3 financial markets remains to be seen. In addition, EOS's historical reputation may affect Vaulta's acceptance in the market. In the past, EOS has failed to deliver on its promises due to huge ICO fundraising, resulting in a loss of community trust. Vaulta needs to show more tangible results in technology implementation, application scenario expansion, and community management in order to truly flip the market image of EOS, let us continue to pay attention. Related reports Housing loan money shortage intensifies" Buy 20 million real estate with an annual income of at least 2 million yuan, and the bank is willing to provide eighty percent of the mortgage bitcoin loan! Crypto-friendly bank Xapo offers up to $1 million, who is eligible? EOS officially changed its name to Vaulta, announcing a strategic transformation to Web3 banking and banking advisory group (EOS EOS Rebranded $Vaulta Entering the Web3 banking business, can it revive the glory of "Ethereum killer"? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".