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Cryptocurrency projects are focusing on the transformation of traditional financial institutions due to increasing institutional demand. EOS is rebranding itself, dubbing this phase as the “new financial era.” As of the writing of this article, the project’s token saw a 6% increase.
Why is EOS Coin Rising?
EOS Network, now rebranded as Vaulta, aims to advance its Web3 banking initiative by launching token swaps by the end of May 2025. Vaulta has formed a Banking Advisory Board comprised of top executives to bridge traditional finance with Web3. Notable members include the former CEO of Binance Canada, Truong, Tetra’s CEO, Didier, and leaders from ATB Financial, North America’s largest state bank.
With its exSat network, EOS (Vaulta) is shifting from a static asset to a revenue-generating one. By May 2025, the EOS project will convert to Vaulta Token, allowing users to stake their tokens at an annual return rate of 17% and gain access to liquid financial services.
In summary, the Vaulta transformation aims to create a fast, globally accessible, and low-fee financial system, addressing the shortcomings of traditional finance. Although it may seem like a familiar claim, this represents a significant shift for EOS, prompting a price increase following the announcement.
