On December 7, 2024, Over Protocol launched its mainnet, offering decentralization accessible to everyone. Supported by $8 million from Korean venture firms, the project promised to revolutionize blockchain participation with its lightweight Ethanos technology and the OverScape app.
Technical Achievements: Home Staking Takes Shape
Over Protocol aimed to make blockchain validation more accessible by lowering hardware demands. A dual-core CPU, 8GB RAM, and a 50GB SSD are sufficient, while 4+ cores and 16GB RAM are recommended. Over 12,000 users tested home staking in its first open testnet season. Recent updates, like the OverFlex Market, indicate ecosystem growth. However, app update delays suggest network instability.
Mixed Reviews Amid OVER Decline
Community feedback on Over Protocol is mixed. While its X account keeps users updated, some are dissatisfied. App Store reviews for OverWallet highlight frustration with airdrop criteria. The OVER token's value plummeted to $0.02866, far from its peak of $0.207183, adding to concerns over the project’s success.
Looking Ahead: Can Over Protocol Recover?
Three months into its mainnet journey, Over Protocol has made strides in accessibility, forming partnerships like iZUMi Farm. However, it falls short of expectations: a declining token price, trust issues, and operational delays indicate instability. For Over Protocol to succeed, enhancing transparency, stabilizing the network, and regaining market traction are crucial. The project illustrates the clash between ambition and market realities.
The current achievements of Over Protocol reflect technical success alongside challenges like market instability and user distrust, highlighting the need for improvements to secure a stable future.
