EOS Q4 2023 Report

Every quarter the EOS Network Foundation (ENF) provides the EOS community with an overview of activities, growth, and financial expenditures in a detailed report.

The ENF provides support, funding and the coordination of resources necessary to make EOS a thriving ecosystem. We’re harnessing the power of decentralization to chart a coordinated future for the EOS Network as a force for positive global change.

Check out the latest report for an in-depth look all the major milestones from across the EOS ecosystem, including:

• Notable Growth Metrics
• Latest Updates from the EOS EVM
• Notable Partners
• Developer Relations Efforts
• Event Presence
• Technical Developments
• Antelope Coalition
• Ecosystem Roadmap
• And More

A Message From the CEO

Dear EOS Community,

As we step from one year into the next, our reflection on the past is not just a retrospective. It reveals the EOS Network’s evolution, not merely in milestones, but in a deeper awakening. This past year has been a testament to our community’s strength and dedication, a reminder of our collective capacity to shape and redefine our network’s potential.

Our journey throughout 2023 was marked by substantial enhancements, including the deployment of EOS EVM, the birth of EOS Labs, and strategic investments from EOS Network Ventures. These developments signify our unyielding pursuit of excellence and our commitment to expanding our network’s capabilities.

The partnerships we forged over Q3, notably with CoinTR, ESCC, and PassPay, underscore our commitment to broadening the EOS Network’s reach and utility. These alliances have opened new avenues for growth, particularly in the financial services and payment solutions sectors, strengthening our position in the global blockchain landscape.

The formation of EOS Labs, under the leadership of Huaqiang Wen, represents a major evolution in our capacity to coordinate our efforts across a diverse and multi-faceted blockchain ecosystem. Today, EOS Labs has emerged as an indispensable partner demonstrating a strong vision for connecting EOS with web3 companies and the ability to facilitate the launch of groundbreaking new initiatives.

In mid-December, the EOS Network’s decision to stop issuing new RAM marked a significant turning point. This move was a direct result of Denis Carriere’s insightful proposal to set the RAM increase rate to zero. His contribution, marked by a clear understanding of the ecosystem’s needs, played a key role in this strategic shift, as it was a significant factor in redefining the role and perception of RAM within our network. His foresight in recognizing the untapped potential of RAM has been valuable in steering our platform’s growth and evolution.

Our once overlooked resource, RAM, revealed itself as a vital asset of intrinsic value, embodying the essence of a web3 native Real World Asset (RWA). This transformation resonated deeply with the community, reigniting a sense of purpose and excitement reminiscent of our network’s genesis. The emergence of EOS RAM as more than just a digital asset became a unifying force, rallying the community around its potential.

This shift in perception and value of EOS RAM aligns closely with the concept of a Decentralized Physical Infrastructure Network (DePIN). It underscores the significance of decentralized, resilient, and inherently valuable assets within the broader blockchain ecosystem. Just as DePIN emphasizes the importance of integrating physical infrastructure with decentralized networks, the evolution of EOS RAM demonstrates a similar convergence of digital and real-world utility, shaping a future where blockchain technology transcends traditional boundaries.

“Innovation is the ability to see change as an opportunity – not a threat.”

– Steve Jobs

Building on this momentum, the RAMS project, initially a RAM-based inscription endeavor, has become a beacon of this renewed engagement. Shaped dynamically by ongoing community feedback and participation, RAMS has evolved significantly. As the value of RAM increased, so did the community’s interest in RAMS, leading to innovative proposals for new functionalities, including a native chain inscription exchange and a RAM trading market. The project’s current focus on integrating with a BTC L2 solution on EOS represents our network’s forward-thinking approach, aligning with the latest trends in blockchain technology. The continued minting and development of RAMS, powered by the active involvement of its holders, is a testament to the community’s ability to shape the future of EOS, leveraging the unique attributes of RAM. This period in our network’s history not only highlights RAM’s role as a central organizing principle but also underscores the community’s capability to drive innovation and growth through collaborative effort and shared vision.

As we step into 2024, our focus is on harnessing the transformative potential of these developments. Our commitment to innovation, community engagement, and strategic partnerships remains unwavering. The journey ahead is filled with opportunities for the EOS Network to redefine its capabilities and reach new heights of success.

In closing, I extend my heartfelt gratitude to each one of you for your dedication, resilience, and innovative spirit. Your contributions are the driving force behind our achievements and the exciting possibilities that lie ahead. Together, let us continue to shape a more decentralized, resilient, and vibrant ecosystem.

Onward,

Yves La Rose
Founder and CEO, EOS Network Foundation