This Week: Insights into EOS EVM and Recent Developments in the EOS Ecosystem

The EOS ecosystem has been making significant developments that have caught the attention of enthusiasts, investors, and stakeholders. Among these developments is the upcoming webinar discussion that will provide insight into the EOS EVM and its benefits for Ethereum developers. The use of the EOS token to pay for lower gas fees on EOS EVM has implications that the community will want to hear about.

Furthermore, the recent addition of support for tracking the DeFi sector on EOS EVM by CoinMarketCap is bullish. Although still in its beta, Neutroswap, the leading DEX on EOS EVM, is already transacting nearly $5,000 and has almost $600,000 in total value locked.

In addition, initiatives such as Yield+ and Pomelo Grants are also making strides towards incentivizing dApp developers and encouraging collaboration between IBC partners. These developments are indicative of a growing and thriving EOS ecosystem, with a lot of room for improvement and opportunity.

EOS EVM Webinar

On May 18, Thursday, representatives from Zaisan and the EOS Network Foundation (ENF) will hold a webinar discussion about EOS EVM and the benefits it provides for Ethereum/EVM developers. The webinar will also contain a live demonstration on deploying a Solidity smart contract on EOS EVM.

In a panel that includes Adam Boutktila (Zaisan), Nathan James (ENF), and Matias Romeo (ENF), these panelists will help developers and listeners understand the EOS EVM, its real-world applications and beneficiaries. Also, they’ll provide a comparison of its performance and unique features.

EOS EVM enthusiasts, developers, investors, and other stakeholders, should be looking forward to topics surrounding adoption expectations and target audience. As well as insight into the development process of the EVM, the funding, and maintenance. The fact that EOS EVM transactions use the EOS token to pay for lower gas fees will keep its community engaged on the topic that discusses the implications of this fact.

Register to attend the webinar - HOW TO SUPERCHARGE YOUR ETHEREUM DAPPS

DeFi on EOS EVM is now tracked by CoinMarketCap

The world’s leading website for information and data on cryptocurrencies has recently added support for the tracking of the decentralized finance (DeFi) sector on EOS EVM. CoinMarketCap now keeps track of the on-chain decentralized exchange (DEX) data for many cryptocurrency trading pairs that are on the EOS EVM network.

The leading DEX on EOS EVM, Neutroswap, is the first to be tracked by CoinMarketCap from the EOS EVM ecosystem, and could potentially add more as the ecosystem continues to grow. At the moment only eight trading pairs are being tracked from Neutroswap (EOS EVM ecosystem), including tokens such NEUTRO, EOS, ETH, and USDT.

Although having recently launched and still in its beta, EOS EVM, through Neutroswap, is doing nearly $5,000 in transaction volume over the past 24 hours, and has nearly $600,000 in total value locked (TVL). This is in comparison to $94 million in TVL on the EOS mainnet which shows that there’s a lot of room for improvement and opportunity.

Check out EOS EVM on CoinMarketCap’s DexScan - EOS EVM (All Dexes)

Monthly Yield+ report

Yield+, an initiative designed to increase opportunities for dApp developers to be rewarded and EOS users to earn yield on the EOS mainnet, has published its latest report. A wide market downturn which has resulted in the decline of the EOS token, and the recent requirement for Yield+ protocols to get audited, has resulted in the decline of the initiative’s total value locked (TVL).

With some protocols failing to meet the audit requirement, they could no longer participate in the Yield+ initiative to receive rewards. This saw the number of participants drop from 14 protocols to just 9 protocols. As a result of all these factors, the TVL for Yield+ also dropped by roughly 25% from $33 million to $24.5 million.

The EOS Network Foundation (ENF) is encouraging the Yield+ initiative to adopt an algorithmic, dynamic allocation model as detailed in the original Yield+ report. The ENF also suggests that the Yield+ initiative incentivizes not only DeFi protocols, but also protocols from other sectors such as GameFi that align with the overall direction and focus of the EOS blockchain.

Read the full report - April 2023 Yield+ Report

Pomelo Season 6 introduces multiple matching pools

Pomelo Grants, the crowdfunding initiative that allows anyone from the EOS community to request funding for public goods projects on EOS, has announced a new feature for the upcoming season. For Season 6, Pomelo will introduce multiple matching pools for the funding of public goods.

Unlike in all the previous seasons, the next season of Pomelo Grants will have multiple category-specific matching pools to make it easier for partners and donors to find and fund the sectors they’d like to see further growth in. Also, for Season 6, Pomelo Grants will be able to welcome multiple matching partners.

Credited to EOS’ integration of inter-blockchain communication (IBC) with other Antelope chains, Pomelo Grants partners from these other chains can use their own tokens wrapped on EOS as part of the matching pools. This could enable collaboration between IBC partners on funding matching pools for specific categories for dApps that are multichain.

Read more about this exciting development - Breaking Ground: Pomelo Grants Launches Multiple Matching Pools

As of writing EOS is trading at $0.88 (down from last week’s price of $0.98). EOS is currently doing $60 million in daily trading volume, and its market cap sits at $1 Billion. This week sees EOS relinquish 44th position, which it held for four consecutive weeks, as it drops to 47th position by market cap rankings. All stats are based on CoinMarketCap data.

Sources

● EOS EVM Webinar (How To Supercharge Your Ethereum DApps)

● DeFi on EOS EVM is now tracked by CoinMarketCap

● Monthly Yield+ report

● Pomelo Season 6 introduces multiple matching pools

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