Over Protocol, a Layer 1 blockchain, launched with a promise to democratize blockchain validation via its Ethanos technology and the OverScape app. Backed by South Korean venture capitalists, the project aimed to make blockchain participation accessible for the average user. Three months have passed since its mainnet launch in December 2024, and we examine if the project has lived up to its ambitious goals.
Technical Achievements: Home Staking Takes Shape
Over Protocol aims to simplify blockchain validation by reducing hardware demands. Ethanos manages data efficiently with minimal hardware: a dual-core CPU, 8GB RAM, and 50GB SSD. Over 12,000 users tested home staking during the initial testnet. While innovations target decentralization, some delays in app updates suggest a need for network stabilization.
Mixed Reviews Amid OVER Decline
Community feedback varies. Despite Over Protocol's support and announcements, not all users are satisfied. Issues with airdrop eligibility point to transparency concerns. Meanwhile, the OVER token faces challenges: its price dropped to $0.02866 USD as of March 24, 2025, marking a significant decline from its peak.
Looking Ahead: Can Over Protocol Recover?
Three months into its launch, Over Protocol shows potential in easing staking access and growing its ecosystem. Yet, token price drop, user trust issues, and technical hiccups indicate a need for network stabilization and improvement. Addressing these challenges will be key to sustained success.
While Over Protocol has achieved some initial objectives, navigating significant challenges in pursuit of broad blockchain democratization remains. Success will depend on transparency improvement and market trust recovery.
