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2023 EOS Ecosystem Recap
By Willo
Jan 10, 2024

2023 EOS Ecosystem Recap

2024 don dey start to bubble for EOS, with EOS Network Foundation (ENF) Oga Kpatakpata, Yves La Rose, dey waka go World Crypto Forum for Davos, Switzerland. ENF and EOS Labs dey represent EOS for Thai Blockchain Community & Government for Blockchain 2 Government Conference. For the same time, new padi-padi and join-join wey EOS Labs dey arrange still dey come out, as ENF Engineering team dey roll out beta-beta protocol updates, wey start with the gbege release of Leap 5.

Before we enter for wetin go shele for 2024, we like make we look back small for some ogbonge things wey happen for 2023. If you don miss road with plenty tori wey dem dey drop for last twelve months or you just join the ecosystem, this article go make you sabi wetin dey happen. We go yarn about plenty things wey shine, like:

  • Deployment of EOS EVM
  • How EOS Labs start
  • Money wey EOS Network Ventures put inside
  • Key padi-padi
  • EOS Native beta tins
  • How dem dey carry developers along
  • Community growth tins wey don happen

EOS EVM don allow Ethereum developers dey for EOS

For the last year, the way EOS waka make sense pass na when dem carry EOS EVM go mainnet. On April 14, EOS EVM v0.4.0 land after over one year development, and e be like say dem enter new level for the EOS system. Dis one allow developers wey dey use Ethereum protocols to put their applications for EOS, enjoy the speed and performance wey EOS get.

After dis launch, developer and user activity increase well-well with over 40 integrations for 2023. The engineering team still open-source the EOS EVM codebase on April 27, make all Antelope ecosystems fit use am. Na so projects like ESCC show face later for 2023, na whole EVM on EOS wey dey focus on stable coin transactions.

Development no slow down as EOS EVM v0.5.0 land for June 20, bring better performance, compatibility, and user experience. On October 15, EOS EVM v0.6.0 land, bring trustless bridge support for ERC-20 tokens apart from EOS, beginning with USDT. E also carry the innovative Cross Virtual Machine (VM) Communication feature. Finally, EOS EVM engineering team close the year with the release of EOS EVM v0.7.0 RC-1, wey bring WebSockets, one important tool for developing applications wey need real-time communication.

For the second half of 2023, the trustless bridge wey connect EOS Native and EOS EVM get several updates, including new front end and support for community-driven project tokens. All dis na to make EOS EVM better for Solidity developers all over the world. Dem even test EOS EVM on December 11 during an Inscriptions event, and e waka well with 17.65 million transactions, no increase for gas fees, and no wahala for other dApps. You fit learn more about EOS EVM for here.

Leap updates dey go on, dey bring new innovation to EOS Native wey dey

Throughout 2023, EOS and e im underlying protocol, Antelope Leap, see plenty progress. The year start with the introduction of Antelope Inter-Blockchain Communication (IBC), wey improve how EOS and other Antelope-powered networks dey talk to each other and their scalability. For May, collaboration with the WAX blockchain make am possible for all Antelope coalition chains to dey work together without wahala. Plus, Leap v4.0.0 launch for April 25, e bring better performance with multi-threading, quick block movement, and better control over state and historical data. Also, Leap 5 come out for January 4, 2024, e get plenty upgrades for developers, API providers, and node operators, like easier way to do things and better efficiency.

At the same time, big work dey go on for Leap 6 development, wey include important updates like Instant Finality and Hot Stuff Consensus Mechanism. Dem finish these upgrades for the third quarter of 2023, and now, the ENF engineering team dey make am better, test am well-well, and dey prepare am for peer review. This update, wey dem expect for 2024, fit be the biggest thing wey go ever happen for EOS and a very important time for the EOS community. Another important thing wey happen for EOS Native na the decision wey come from the community to stop RAM inflation. For December 17, dem approve the MSIG proposal and e start to affect the way EOS Native dey work.

How EOS Labs Start: Bringing in the Next Set of Web3 innovators.

For 2023, apart from the technical improvement wey dey happen for EOS, serious work dey go on for the people wey dey make the network technology spread. One major thing wey happen na the launch of EOS Labs, wey be like a school to help EOS ecosystem shine well for the Web3 environment wey tough.

This idea first come up from Huaqiang Wen, wey be community leader, during the Block Producer meeting for July 19. The EOS Network Foundation (ENF) come decide to use money from some of their ongoing programs to support this new plan. Dem talk say dem go put one-quarter of their resources, wey be like 0.5% of the network inflation, into EOS Labs.

EOS Labs go dey do many things like research, helping new projects grow, working with other projects, and business development. The main aim na to make EOS ecosystem strong, and e go help share the money wey dey the ecosystem, plus e go work together with the EOS Network Foundation and EOS Network Ventures. For the first few months wey EOS Labs start, dem don already announce some big partnerships, and we go talk more about am later for this update. You fit learn more about the work wey EOS Labs dey do for the full update.

EOS Network Ventures bin make their first big investments.

EOS Network Ventures (ENV) na initiative wey start for 2022 inside EOS ecosystem, na so dem fit invest in projects wey go better EOS and bring back value from those investments to EOS network. For March 2023, dem show their power as dem put $20 Million for GameFi and EVM projects for EOS.

On October 30, dem first investment show face with $1.5 Million wey dem put for Upland, as part of $7 Million Series A extension. Upland na one of the top GameFi dApps wey get over 20,000 Unique Active Wallets and over 180,000 transactions every month.

ENV no stop to dey work to make sure say EOS get better opportunities. Dem talk say dem go put money for Spirit Blockchain Capital. This one go help to join hand with traditional finance and blockchain sector, e go make real world asset (RWA) fit follow EOS waka, plus e go bring positive change for the whole industry. The year come end with one last investment as dem put money for EZ Swap, and ENV invest $500,000 as part of $1 Million wey dem raise. This investment go make EOS ecosystem better with advanced gaming solutions and cross-chain connections. You fit read more about the EZ Swap investment for this update.

EOS don dey gain recognition through plenty important partnerships.

For 2023, ENF, ENV & EOS Labs join hand to bring plenty projects wey dey use EOS technology and collaborate with EOS ecosystem. This collaboration bring plenty impactful partnerships. On April 13, ENF announce strategic partnership with DWF Labs, wey see DWF support EOS Network with $45 million EOS token purchase agreement and $15 million investment for EOS-based businesses. Another major move happen for April as ENF CEO & Founder, Yves La Rose, waka go Foresight 2023 Hong Kong Summit. During this time, partnership click with InvestHK’s Cyberport, one digital technology hub wey dey create better economic opportunities for Hong Kong, and since then, Cyberport don make resources available for EOS-related projects.

ENF also focus on GameFi projects, partnering with Wombat X Accelerator Program on May 4 to support Web3 games. PlayZap, one GameFi project, launch for EOS EVM and e quickly become the most active dApp for EOS EVM, reaching 125,000 Unique Active Wallets for December. Additionally, EOS EVM see key integrations with partnerships like DappRadar in October and BlocSec, wey bring better auditing services for the ecosystem. Regulatory approval for EOS by Japan Virtual and Crypto Asset Exchange Association (JVCEA) na major win, leading to increased adoption from Japan-focused projects and partnerships with BitTrade Japan, Binance Japan, and PassPay. The year end with a notable partnership between EOS and CoinTR, Turkey’s leading cryptocurrency exchange, wey go drive adoption of EOS in Turkey through various initiatives. All these partnerships represent just a fraction of the projects wey use EOS network for 2023. For more details, check the EOS ecosystem page.

Making EOS easy for developers wey dey all over the world to use.

For di whole of di last year, ENF Director of Developer Relations, Nathan James, work hard with oda people for di ecosystem to make sure say building on top EOS dey easy. One major part of dis plan na di EOS Documentation and EOS Learn Portal, wey dey see new written and video content added regula, to show developers how dem fit use EOS build dia dApps.

Another thing wey we fit talk na di launch of EOS WebIDE for August, wey go serve as better platform for new developers. Dis tool allow developers write and deploy smart contracts on top Jungle testnet or EOS mainnet with ease. Also, di release of WharfKit by Greymass get big implications for people wey sabi di technical side for di ecosystem. Before WharfKit, e bin dey very hard to start building on top di native layer of EOS. Dis new toolkit don change everything by offering collection of SDKs, tools, and libraries for people wey wan navigate Antelope blockchains like EOS.

Di EOS Developer Relations team come set up plenty events like webinars, hackathons, and developer bounties to ginger people to engage. All dis na to solve some of di big wahala wey EOS get wen e come to shortage of resources for developers to learn. E bring result as developers show plenty interest for di work throughout 2023. Make developers join the EOS EVM developer community make dem fit connect with oda builders inside di ecosystem.

Make people know more about EOS and grow di community.

For di past one year, the EOS community don waka go far as ENF Marketing & Communications Team, EOS Labs, and plenty community-driven initiatives join body for the ecosystem to make sure say the community grow well. Leaders from di community no dey carry last as dem attend more dan 20 events for 9 different countries, wey help to make people all around the world sabi about EOS.

Dem dey push information well-well with plenty written and video content plus digital events, wey e make the EOS digital community waka well. For example, ENF's Twitter wey start with some followers, e add 18,300 new followers (78% growth) for 2023. ENF even come bring new community things like the Everything EOS Livestream and ENF Office Hours, wey dey happen every Wednesday for 8:00pm UTC for the new EOS Global Telegram. All these efforts, along with the milestones wey dem talk about for this tori, come make plenty big media like Cointelegraph, CoinDesk, and Altcoin Daily talk about EOS. ENF CEO & Founder, Yves La Rose sef enter Cointelegraph's Top 100 Crypto Influencers in Crypto and Blockchain.

Just Wait See how 2024 level go be

The EOS ecosystem don see big change for di last one year, all thanks to di hard work of people wey dey contribute and community members from around the world. Di network shine well from di technology angle, and e get better recognition and people dey adopt am, but we still get better work to do.

As dem dey achieve more and more, and as milestones dey build on top of each other, e dey give reason make pesin dey excited for wetin 2024 go carry come. Make you follow EOS for Twitter to dey updated on top everything, and join di community for Telegram. No forget say every Wednesday for 8:00pm UTC, we dey do office hours discussion for Telegram. We go like hear from you on how you go like make EOS waka for di months wey dey come. Cheers to another epic year for EOS and Web3 as a whole!




EOS Nigeria Coordinator

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