Tuna Chain is a modular Layer 2 solution that functions on Bitcoin while also integrating with Ethereum. Learn more about how it works in this article.

 is rightfully known for its security through its use of 

 offers greater versatility. Until recently, blockchain projects had to choose between the two. Now, however, a hybrid solution is available that blends the benefits of both of these leading blockchains and takes a bold leap into the future.

 that functions on Bitcoin while also integrating with Ethereum.

) is strongly rooted in elevating the user experience (UX). Bitcoin is the most trusted cryptocurrency, largely due to the recognized strength of its security protocols. However, while it excels in security, it lacks the versatility that ultimately fosters innovation. In this regard, Ethereum is viewed as a superior blockchain. 

Tuna Chain’s modular Layer 2 solution works on Bitcoin through a 

 hybrid layer while offering Ethereum functionality. It uses 

-powered modularity to minimize transaction costs. At the same time, this modularity improves both trust and efficiency. Tuna Chain currently supports Solana, Ethereum and Bitcoin transactions. It works with Bybit, Phantom, MetaMask, UniSat Wallet and OKX Wallet.

Tuna Chain is a new project that was established by three unknown individuals, known under the names of Tuna Nigiri, Tuna Sushi and Tuna Sashimi. Each team member brings their unique experiences and knowledge with blockchain, cryptography and 

 to move Tuna Chain forward. Tuna Chain is financially supported by BSC News, Normie Capital, Serafund, ArkStream Capital, Cogitent Ventures, MH Ventures and other angel investors. After its Ocean Festival and Ocean Trio, Tuna Chain now has over 1.3 million wallets connected on the Tuna Chain Testnet, with a total 

The purpose of Tuna Chain is to bridge the gap between Bitcoin and Ethereum. Although Bitcoin’s chain boasts superlative security, it lacks the versatility that Ethereum’s 

 provides. As a hybrid Layer 2 solution, Tuna Chain’s primary goal is to blend the two. By doing so, its founders want to push the envelope on the future of blockchains and provide a better UX.

Tuna Chain’s functionality is based on three core features: the Toro native 

, Celestia-powered modularity and a hybrid ZK-OP layer. With the Toro stablecoin, users can purchase new digital assets through the overcollateralization of their BTC supply. Meanwhile, Celestia-powered modularity improves data availability, and the ZK-OP hybrid layer executes smart contracts with fast, secure transactions.

Rollup Solutions and Operational Mechanism of Bitcoin Layer 2

Layer 2 solutions similar to those found on Ethereum enhance Bitcoin's scalability, using technologies such as 

 (ZK). Tuna Chain enhances Bitcoin's transaction capacity by integrating optimistic rollup technology into its Layer 2 framework.

Securing Native Assets on Bitcoin: Leveraging Taproot's Upgrade

 upgrade into the Bitcoin network marks a significant advancement in the security of its native assets. This update incorporates advanced cryptographic techniques, such as Schnorr Signatures, MAST and Tapscript. To further secure these assets, Tuna Chain has implemented a multisignature security model and is exploring the addition of external validators to its network security protocols.

Tuna Chain processes transactions through a detailed system that begins with the precise arrangement and execution of transactions. These are then reliably recorded on 

's data availability layer and conclusively verified on the Bitcoin blockchain. Verifiers are essential to the chain's integrity, quickly producing fraudproofs to address any transaction discrepancies and ensure the network remains secure and reliable.

Tuna Chain is a next-level Layer 2 solution that moves blockchain into the future. Each of its core features provides unique benefits to support a superior UX. 

Tuna Chain uses Celestia-powered modularity to optimize its Layer 2 functionality. Specifically, this modularity is supported by Layer 2 data management that enhances trust, improves efficiency and reduces transaction fees.

The ZK-OP Layer is Tuna Chain’s hybrid Layer 2. This layer utilizes a dual-phase architecture that integrates Ethereum’s benefits with those of Bitcoin. By doing so, it empowers smart contracts and accelerates secure transactions.

 is a grand opening event celebrating Tuna Chain’s launch. During this grand opening, the first round of TUN tokens will be distributed. Distribution cap for this initial release is based on 

 growth driven by the community, and could range between 2% and 21%. The token supply increases by 2% as each new milestone is achieved.

, the setup experience for new community members, consists of Calm Waters, Whimsical Tides and Majestic Depths. With Calm Waters, new users can receive 60 points for following Tuna Chain on social media and linking their wallet. Additional points are available by referring friends to Tuna Chain. Whimsical Tides, the testnet phase, is still in development along with Majestic Depths.

In the first quarter of 2024, Tuna Chain successfully completed several milestones, including the launch of the Tuna Testnet — Alpha, Ocean Trio Points campaign, Ocean Festival (which highlights the TVL) and the rollout of the TunaChain Explorer. 

Moving into Q2 2024, progress is ongoing with significant developments. Tuna Chain’s team is currently deploying an optimistic rollup (OP)-based Mainnet, establishing a native bridge from Bitcoin to the Tuna Mainnet, launching a Mainnet decentralized exchange (

), and developing a modular data availability (DA) layer.

Tuna Chain functions with three primary tokens: TORO, TUNA and WOOG. Each serves a different and integral role.

TORO, Tuna Chain’s native stablecoin, helps users transform their BTC into their choice of high-yield digital assets. This is accomplished seamlessly and with full transactional stability. The user doesn’t need to liquidate the BTC to complete the transaction.

 of Tuna Chain, is used for various purposes, such as revenue generation, funding builders and contributors, benefiting token holders, incentivizing users and community members, and promoting community engagement within the Tuna Chain ecosystem.

TUNA has a total token supply of 210,000,000.

 token that acts as the primary ticket into the Tuna Chain ecosystem. Only 200 of 1,000 available WOOG tokens were distributed at the BRC-20 Launchpad event. The remaining WOOG will be distributed only when they’re activated by external forces.

Looking to get your hands on the TUNA token? Bybit will soon offer it via our 

In the meantime, you can also purchase TUNA through 

WOOG tokens grant access to the Tuna Chain ecosystem. Of the total supply of 1,000 tokens, only 200 are currently scheduled to be released. These tokens are exclusively available through the 

. There’s a purchase limit of one WOOG token. While 800 WOOG tokens will remain, they’re sealed, and their release isn’t scheduled. You must have an active Bybit account with a funded wallet to participate in the event. 

TUNA tokens play a fundamental role in governance of the Tuna Chain’s unique hybrid Layer 2 chain, designed to deliver the benefits offered by both Bitcoin and Ethereum. Tuna Chain is presented as the future of blockchain, and is poised to change the blockchain landscape in exciting ways, which could place a premium on TUNA tokens. 

As an investment, TUNA should be purchased conscientiously because the value of the tokens will decrease when additional tokens are released, even for a short period of time. In addition, all cryptocurrencies are speculative in nature, with a risk of partial or complete loss. Therefore, 

 cryptocurrencies before making an investment.

Tuna Chain is a hybrid Layer 2 solution that provides a much-needed service in the blockchain world. By bridging the gap between Bitcoin and Ethereum, it allows users to enjoy the best of both worlds. In doing so, it has the potential to move the dial forward significantly in blockchain technology. Moving forward, Tuna Chain is a platform worthy of attention.

Intermediate

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Tuna Chain (TUNA): Reinventing Bitcoin With a ZK-OP Approach

We'll guide you through step-by-step to opening an account on Bybit to start your crypto trading journey now.

With more crypto projects being launched by the day, many traders are eager to jump on the bandwagon and take advantage of these potential investment opportunities. If you’re one of them, consider riding the crypto wave with Bybit! But before you do so, be sure to 

 first. Read our detailed guide on how you can create a Bybit account to start your trading journey today!

There are two ways for you to create a Bybit account. You can choose to sign up with your email address, or with your mobile phone number, whichever is more convenient for you to use. You can also choose to sign up on your desktop or on your mobile phone. 

Please note that if your country falls under Bybit's 

, you will not be able to sign up with Bybit. 

Choose your preferred method of signing up: 

. Then, input the necessary details accordingly. 

Note that the Referral Code field is optional and can be left blank.

 will pop up. If you’re not from any of the countries listed, click on 

Complete the reCAPTCHA verification and enter the verification code that you’ve received based on your preferred method of registration. 

, you’ll receive the code in your email inbox or spam/junk inbox. If you’ve selected 

, you’ll receive an SMS code on your mobile device.

Note that the Referral Code field is optional, and can be left blank.

A window showing a list of restricted countries and regions will pop up. If you’re not from any of the countries listed, select 

Complete the reCAPTCHA verification and input the verification code that you’ve received based on your preferred method of registration. 

Once you’ve successfully registered, you can proceed to 

You can either deposit your crypto into your Bybit account from an external wallet or another crypto exchange, or 

on Bybit to start trading. There are several ways to buy crypto on Bybit. You can do so through 

 (via credit/debit card or third-party payments like Google Pay), 

After you’ve funded your account, you can proceed to explore the various Bybit products available — such as the 

Now that you’ve learned how to create a Bybit account, you can explore the Bybit platform and make trades whenever you spot potential investment opportunities. In addition, stay tuned to our 

 for educational materials to aid you in your crypto journey.

Beginner

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Bybit Sign-Up: How to Create a Bybit Account (Step-By-Step)

Notable Ethereum Spot ETF applications have come from high-profile issuers that received approval for Bitcoin Spot ETFs earlier this year. Learn more here.

The cryptocurrency landscape could be on the brink of a major shake-up as several Ethereum spot exchange-traded fund (

) applications await regulatory approval. These financial instruments promise to bridge the gap between traditional investment markets and the fast-growing world of digital assets, offering investors a regulated and accessible means for gaining exposure to 

This article explores the top pending Ethereum Spot ETF applications, exploring their significance, potential impact on the market and implications for the broader adoption of cryptocurrencies.

What Is an Ethereum Spot ETF Application?

An Ethereum Spot ETF application is a filing submitted to regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC), to list an exchange-traded fund that tracks the price of Ether (ETH), allowing investors to gain exposure to the cryptocurrency without directly holding it.

How Does an Ethereum Spot ETF Application Work?

An Ethereum Spot ETF application is a formal request by a financial institution to gain regulatory approval to offer a financial product that tracks the price of Ether (ETH), the second-largest cryptocurrency and the token of the Ethereum network, in real time. 

Investors can participate in the ETF by purchasing shares through their brokerage accounts. This way, they can gain exposure to Ether's price movements without the complexities associated with directly buying or holding the cryptocurrency. The ETF provider assumes responsibility for securely holding the Ether, managing the fund's day-to-day operations and ensuring ongoing compliance with regulatory requirements.

Current Ethereum Spot ETF Application Landscape

, Fidelity, VanEck and ARK 21Shares have all thrown their hats into the ring by submitting applications to the SEC for approval. These particular issuers have previously applied to run Bitcoin Spot ETFs that are currently approved and trading.

However, the SEC has pushed back on the recent Ethereum Spot ETF applications, prolonging the decision-making process. They've also sought public feedback in order to gauge whether the arguments supporting the approval of Bitcoin Spot ETFs are applicable to Ethereum Spot ETFs as well.

Anticipation has continued to build with the approach of the final deadlines for the SEC's decisions, set for between May 23 and Jul 5, 2024 for various applicants. The SEC's review process involves assessing factors such as the potential for market manipulation and the resemblance between Ethereum spot and futures exchange-traded products.

The outcome of these applications holds significant weight, as it could shape the future landscape of cryptocurrency investment vehicles and play an important role in driving broader adoption of Ethereum within traditional financial markets. Investors and observers alike are closely monitoring these developments, recognizing their potential to influence the trajectory of both Ethereum and the wider crypto market.

Top High-Profile Ethereum Spot ETF Applications

Several high-profile financial institutions have applied for Ethereum Spot ETFs, reflecting a growing interest in cryptocurrency investment products. Following is a list of some notable contenders.

BlackRock, a global investment giant and the world’s largest asset manager, submitted its 

 Ethereum Trust, in November 2023. However, the SEC postponed its decision to late January 2024 and again to March. The SEC is currently seeking public comment on the application, particularly concerning Ethereum’s susceptibility to fraud, and has delayed its decision until Jun 11, 2024.

Franklin Templeton, another major player in the investment world, 

 for an Ethereum Spot ETF in February 2024, making it the latest contender to join several other firms in the race. The SEC has delayed the deadline to June 2024 to rule on the firm’s application. If approved, the fund will be listed on the Chicago Board Options Exchange as Franklin Ethereum ETF.

Known for its ETFs and mutual funds, investment management firm VanEck has expressed doubts about the SEC's approval of its Ethereum Spot ETF application, 

 in July 2021. Although the SEC’s decision is expected in May 2024, VanEck’s CEO has voiced his skepticism of approval by the May 23, 2024 deadline, citing the regulators' ominous silence. Notably, VanEck holds the distinction of being the first investment management firm to file an ETH Spot ETF application in the United States.

21Shares specializes in cryptocurrency exchange-traded products (

), while ARK Invest focuses on thematic investing. The two firms 

 for the ARK 21Shares Ethereum ETF in September 2023, with the SEC expected to decide by May 24, 2024. The application has been 

 to include a cash-creation model, and has proposed plans to stake a portion of the ETF’s Ether for generating additional income.

A global asset manager focused on cryptocurrencies, Hashdex 

 with the SEC in September 2023 to list and trade shares of the 

 its decision on the application, with a verdict expected by late May 2024.

Grayscale is the world’s largest digital currency asset manager, with a range of investment products that provides exposure to cryptocurrencies and the digital currency asset class. The firm 

 its Grayscale Ethereum Trust into an Ether Spot ETF in October 2023. The SEC extended the review period, setting a new deadline for June 2024. 

Invesco, an investment management firm, has partnered with Galaxy Digital, a diversified financial services firm, to create a 

 for an Ethereum Spot ETF to be named the Invesco Galaxy Ethereum ETF. The SEC's decision, expected in December 2023, has been 

Fidelity Investments is a major financial services corporation with a global presence and millions of customers. Fidelity first filed for an Ethereum Spot ETF in November 2023. It later 

 its application in March 2024 to include ETH staking, which would allow investors to earn additional income from staking rewards. The SEC has set a deadline of May 23, 2024 to approve or deny the application.

What Could Happen If an Ethereum Spot ETF Application Is Approved?

The approval of an Ethereum Spot ETF application holds significant implications for the cryptocurrency market.

Approval of an Ethereum Spot ETF could mark a significant milestone for the crypto market. It would greatly improve Ethereum's accessibility, bolster market confidence and potentially drive up Ether’s price. In addition, such an approval would represent a new milestone in cryptocurrency adoption, providing investors with a regulated and easy avenue for investing in Ethereum. Nevertheless, regulatory hurdles and market volatility are variables that could influence the timing and magnitude of the approval of the pending applications.

ethereum spot etf applications featured image

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An Overview of the Top Pending Ethereum Spot ETF Applications

Bybit Position Builder is an easy-to-use tool that helps you manage portfolio with various derivative products such as perpetuals, futures, and options. Learn how it works. 

Managing a diverse investment portfolio across various accounts can be a daunting and complex task for novice and experienced investors alike. Some common challenges users face include keeping track of their positions, maintaining a balanced risk profile and staying informed about market changes. Users may incur opportunity costs or make suboptimal investment decisions without a clear overview of 

 (P&L) or the flexibility to customize a trading template.

This guide introduces Bybit Position Builder, an innovative tool designed to help you manage your portfolio efficiently. Here, you’ll learn its key features and benefits and how to harness them to create a tailored and well-rounded investment strategy. 

Bybit Position Builder is an easy-to-use tool that helps you quickly create and manage portfolios with various 

With a built-in chart to show your custom portfolio's profit and loss (P&L), Position Builder lets you keep an eye on your contracts and control them all in one place. You can add positions on different contracts and use ready-made strategies to improve your trades. Additionally, you can place many orders simultaneously, saving you time and energy.

Position Builder simplifies the process of establishing, adjusting and overseeing portfolios, allowing traders to concentrate on executing their strategies and adapting to ever-changing market conditions.

To begin using Position Builder, first access its page on the Bybit trading platform, typically located within the Perpetuals or Options trading interfaces. From there, you can customize your portfolio by adding various contract types, selecting the desired coin, choosing contracts, determining the type and direction and specifying the position size and price.

Bybit Position Builder enables you to apply tailored strategies and 

 levels to your positions, ensuring your portfolio aligns with specific trading goals and risk tolerance. One of the tool's most notable features is its ability to place multiple orders simultaneously, providing a competitive edge in fast-paced markets.

With Position Builder, you can effortlessly adjust and monitor your positions, which enables you to set leverage, edit prices and position sizes and view order book status. It also enables easier 

 options exposure to changes in an underlying asset’s price. Maintaining a delta-neutral position requires regularly adjusting positions. 

Position Builder offers a comprehensive overview of P&L, margin occupied and 

 values, equipping you with the information you need to effectively track and analyze your portfolio's performance. You can also customize your P&L chart by selecting a strike price range, dragging the implied volatility (IV) range and modifying the expiration date. This helps you visualize your portfolio's performance under varying market conditions, leading to better trading decisions.

5 Reasons Why You Should Use Bybit Position Builder

Bybit Position Builder offers a wide range of features tailored to enhance your trading experience and optimize your results. Here are five reasons to try it out.

Here’s a step-by-step guide to quickly build your trading portfolio with Position Builder on Bybit. Before we dive in, ensure you upgrade your account to a 

 which can handle multiple orders. Also, note that only market and limit orders are currently supported.

Step 1: Access the Position Builder Page in One of Two Ways 

Step 2: Use Position Builder to Place Your Order

Position Builder supports up to 200 orders with various contract types and strategies. 

For additional customization, use Delta Hedging to maintain a delta-neutral position.

: Traders can customize their orders with no position limitations. However, only 20 legs of options are supported at one time. 

Personalize your P&L chart by selecting a strike price range, dragging the implied volatility (IV) range and modifying the expiration date.

Step 4: View Total P&L, Margin and Greeks

On the right side of the page, see important information such as overall P&L, margin occupied and Greek values. Click on 

For orders involving multiple legs with a long-short hedging relationship, it's recommended you use 

1. Is Position Builder free for all Bybit users? 

Bybit’s Position Builder is free for all users.

2. Can I use Position Builder for Bybit Spot trading? 

No, the Position Builder function is currently available only for Bybit Derivatives. However, we’re constantly innovating and more features will be added gradually. 

3. Are the estimated profits indicated by Position Builder guaranteed? 

No, the estimated profits indicated by Bybit Position Builder are not guaranteed.

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Position Builder: What Is It & How to Efficiently Manage Your Portfolio

Bybit Learn

Blockchain

Oasys is an eco-friendly blockchain designed to support an optimized gaming experience with its multi-layer structure. Trade OAS/USDT on Bybit today!

, or DeFi, has had a dramatic and beneficial impact on blockchain developments since 2020, and this was followed by a rise in the popularity of 

 in 2021. While many blockchain games have been developed over the last few years that utilize DeFi 

 and NFTs, the gaming experience was not optimized fully. Issues related to high 

, sustainability and operating speeds have been problematic in many cases. Recently, a new blockchain was launched specifically to improve the development of games and the gaming experience for players.

Oasys is a public blockchain that has an EVM-compatible protocol and is focused on adding value to game players. It is currently privately operated, but the goal is to shift to a 

-like structure similar to that of Solana Labs and others.

It utilizes its own Oasys Architecture, which includes the Hub Layer and the Verse Layer. The Hub layer, also called Layer 1 or the Consensus layer, will generally be used less frequently than the Verse layer. The Verse layer, also known as Layer 2 or the Execution layer, can be accessed by each game developer. This eliminates gas fees. 

 (PoS) algorithm, which reduces energy consumption and allows for a more environmentally-friendly experience. The Oasys Architecture specifically sets the stage for game development with a Web 2.0-like platform that is flexible and functional.

Oasys was initially developed in Japan with a 2022 launch date. However, its operations are based in Singapore, which has friendlier regulations and taxation rules. Initially, Oasys 

 and released 10 billion tokens. These tokens are used within the games for buying various items. They also offset transaction fees and give token holders 

The raised funds have been used for developments related to operational speeds and fees. Further, they also have been used to increase the blockchain’s workforce with expansions to other countries and to run marketing campaigns. Expansions have included adding staff to offices in the U.S. and Canada. Currently, Oasys has a talented team of 20 executives, developers and others. This fundraising was supported by various investment platforms, including 

. The operation is currently managed by Director Daiki Moriyama and Representative Director Ryo Matsubara.

When Oasys was developed in early 2022, its primary goal was to improve the blockchain gaming experience for all parties. Its focus includes supporting the development of 

 blockchain games as well as the playing experience. In Feb 2022, Oasys had already partnered with 21 web3 technology and gaming companies. Some of these include Yield Guild Games (

), Ubisoft and Bandai Namco Research. Through these and other partnerships, this PoS blockchain is transforming the gaming industry. In addition to supporting fast transactions and no gas fees for blockchain games, Oasys is a scalable network that offers improved functionality and a more eco-friendly platform.

The unique Oasys Architecture features a multi-layered layout that is compatible with Ethereum Virtual Machine, or 

. Oasys has two layers, a Hub layer and a Verse layer. The Hub layer is described as the “EVM sidechain for gaming.” It also maintains records for the FT/NFT Bridge and the Rollup. The Verse layer is designed so that game developers can connect to it individually. Notably, the Hub layer is designed specifically to maintain its excellent performance even with heavy use of the Verse layer. This unique structure gives the blockchain its specialized benefits such as its eco-friendliness, speed of operation and the elimination of gas fees.

Oasys has been specially designed from the ground up to create an improved gaming experience. Its unique advantages compared to other blockchains are rooted in its multi-layer design. Specifically, its Hub layer and Verse layer combine to eliminate common challenges related to game development and play.

Hub layer, the Layer 1 of the Oasys blockchain, is EVM-compatible and serves the essential purposes of securely exchanging and storing data with a high degree of stability. Its benefits include enhancing stability, scalability and the improved availability of data. This data is made available on the Verse layer, and it is recorded on the Rollup and FT/NFT Bridge.

One of the standout features of the Hub layer in the Oasys Architecture is its network stability. Similar to 

, Oasys has a block time of 15 seconds which facilitates data transfer to nodes distributed around the globe. The Verse layer can accommodate thousands of connected platforms, and the Hub layer provides the resilience that Oasys needs to handle such a high volume of activity. 

The Oasys Architecture for the Hub layer also delivers a higher level of scalability than other blockchains. The Verse layer handles the blockchain’s heavy traffic. The transactions on the Verse layer are posted via Rollups, which serves to minimize the impact on the Hub layer.

While the Hub layer is engineered to enhance stability and scalability, its other primary purpose is to support data availability. This includes transferring and storing data on the blockchain. Specifically, the Verse layer’s transaction data reflects on the Hub layer for the purpose of verification. 

Blockchains have an unfavorable reputation for consuming a huge amount of energy to operate. Compared to other blockchains that are used for gaming, Oasys uses far less energy to function and is more environmentally friendly. Notably, this also allows for minimal gas fees.

The second layer of the Oasys Architecture is the Verse layer. This is a flexible layer of the blockchain that supports configurable Verses. These Verses serve two primary functions – deliver a web3 UX and perform DApp execution. Through its specialized design, the Verse layer has advanced features that enhance the functionality of the blockchain. Moreover, because each game can run its own 

Rollups use two mechanics – the Verifiers and the Builders. The Verse Builders are responsible for building and managing the many Verses connected to the blockchain. Each of them are customized Verses that may have different levels of permissions on DApps. The Oasys Optimistic Rollups support optimized speed through instant transaction processing. Unlike other rollups, Oasys Optimistic does not have a seven-day challenge period.

While other blockchains use a permissioned private sidechain, Oasys has a Private Layer 2 chain. This layer technically guarantees the data of game assets even if Layer 2 is down, hence allowing for full restoration of the data. With this Private Layer 2, you will have a better user experience compared to Web 2.0 games as it bolsters transaction speed and other aspects of the gaming experience.

Currently, Oasys only supports Oasys Optimistic Rollups. However, its developers recognize the benefits of adding other Layer 2 solutions to the architecture. The introduction of 

 is planned for 2024. To accommodate the development of other Ethereum scaling solutions, Oasys will continue to adapt to the latest technologies as they are introduced.

The roles of a Verse Builder are to manage nodes, configure gasless transactions and determine the deployment of smart contracts. The authority of a Verse Builder supports the development of quality DApps. At the same time, a Verse Builder minimizes the prevalence of scam projects. In addition, a Builder incentivizes special Verifiers to eliminate the risk of fraud.

Because of the unique structure of Oasys Architecture, both fungible and non-fungible tokens are supported. Specifically, there are three types of tokens, including restrictive-use tokens, highly-interoperable tokens and external network tokens. The restrictive FTs and NFTs are unable to be cross-chain bridged. The highly-interoperable tokens can only be cross-chain bridged on another network. External network tokens are minted on other blockchains, such as Ethereum, and they can be cross-chain bridged via Oasys.

The multi-layer design of this blockchain supports three token designs for fungible and non-fungible tokens. The vFT/vNFT chain is minted on and used with the Verse layer, and it is unable to be cross-chained bridged. The oFT/oNFT pair is minted through the Hub layer, but it is operated on and available through the Verse layer. 

Through a cross-chain bridge, this pair can be transferred to another blockchain. The exFT/exNFT pair is minted on another blockchain, and it is accessible on both Oasys layers through cross-chain bridging. This functionality enables games to use tokens for various purposes within a game.

The Oasys community governs decision-making through the use of three bodies. This on-chain governance system maintains decentralization while also establishing legitimacy. The first of the three governance bodies is the token holders. OAS token holders have the power to submit proposals and vote. The second body is the Council. The Council has both delegated and elected members. This group proposes and approves council initiatives. The third governance body is the Technical Committee. The members of this committee are developers who also fix bugs based on technical proposals. Only those who have staked OAS tokens are permitted to submit and approve proposals.

Since its launch, Oasys has collaborated with numerous blockchain gaming developers and has started supporting many popular games. Some of its partnerships include gaming conglomerates like Square Enix, Ubisoft, Netmarble, Bandai Namco and SEGA, and this list is growing. Notably, Quantstamp has already gone over the blockchain’s code. This security firm has previously audited 

, Ethereum and other major blockchains. 

The Oasys launch was completed in three steps. These include ensuring that the Hub layer can operate with full stability, integrating the Verse layer and officially launching for public use. More recently, Oasys made headlines through its partnership with Square Enix, the publisher of the best-selling video game series 

, who has also joined as a leading validator. 

 was completed in December 2022. This funding was supported by Nexon and Galaxy Interactive. Several other companies participated as well, including Chainguardians, Jets Capital, Hyperithm, Presto Labs, Jsquare, YJM Games and MX Web3 Fund. The funding will be used to bolster the Oasys ecosystem through a pool expansion.

Looking forward, Oasys plans to continue improving the gaming experience and influencing the future of this niche. This will be accomplished through planned proposals introduced by the blockchain’s governance organization. Such improvements include the development of ZK-Rollups and other initiatives.

Single-token economies determine the number of tokens and their allocation upfront, which complicates the challenge of adding new DApps and Verses to the ecosystem. In addition, the utility tokens must be complex enough to handle all current and future activities on DApps and games. A key aspect of the superiority of Oasys is its multi-token economy.

The three tokens are OAS, Verse tokens and Game and DApp tokens. OAS tokens are used specifically to support the ecosystem’s infrastructure. The Verse tokens support the establishment of internal economies for the many Verses. The Game and DApps tokens are created and used by developers so that the games’ tokenomics can be optimized.

At launch, the OAS token supply was 10 billion tokens. Of these tokens, 38% are allocated to the community and ecosystem. Another 21% is used for staking rewards. The development fund receives an allocation of 15%, early backers account for 14%, and 12% is for the foundation.

While many tokens are heavily traded with extreme volatility and relatively uncertain price predictions, this is not the case for OAS. OAS is primarily used to support the Oasys ecosystem, so it may not be subject to the same level of speculation that is associated with other tokens. 

However, there are still financial incentives for buying and holding OAS tokens, such as a projected increase in token price over the next several years. It is important to note that the Oasys blockchain is heavily used today, and more games are scheduled to be released on it in the near future. The blockchain is also continuously evolving to provide a progressively superior gaming experience. All these factors put together may drive the increased value of OAS.

, OAS price is predicted to be between $0.086 and $0.10. In 2025, this range grows from $0.18 to $0.22. By 2030, the OAS price may range between $1.18 and $1.38. Based on analytical signals, the sentiment for OAS is decidedly bullish.

Several crypto exchanges support OAS, including Bybit. On Bybit, you can purchase OAS directly with fiat currency. To get started, 

 and complete the registration process. Thereafter, you can navigate to the Bybit Spot Trading platform to trade 

While Oasys is a relatively new blockchain, it stands apart through its utility for the gaming industry and its multi-layer design. Its superiority reigns in areas like stability, scalability and data availability. It also uses less energy than its counterparts, making it a more eco-friendly option for gaming developers to use. Plus, its design minimizes gas fees. 

While it already stands out from the crowd in these areas, Oasys developers and its governance community continue to look for and develop opportunities for improvement.

Oasys (OAS): A Multi-Layered Structure for Blockchain Gaming

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards