Oasys Reaches 41 Million Active Wallets and 186 Million Transactions
Oasys, a Layer-1 Ethereum (ETH) blockchain, has established itself in the blockchain gaming sector, as reported by HashHub. The platform provides unique experiences, value, and innovative investment models. Designed specifically for games, Oasys is gaining traction in a market anticipated to encompass billions of gamers globally.
Oasys consists of its own Layer-1 Hub blockchain and an Ethereum-compatible Layer-2 Verse blockchain, forming the Oasys ecosystem. Its Ethereum Virtual Machine (EVM) compatibility enables the theoretical transfer of assets like crypto tokens from other EVM chains into its ecosystem.
Since launch, Oasys has introduced over 40 games, reflecting rapid growth and increased network cohesion. Demand for new gaming experiences, competing with social media and short videos, drives this expansion. Traditional games often face challenges with user retention and permanence of in-game items.
Oasys offers game-specific user experiences, distinguishing itself from general-purpose blockchains. This attracts developers and players seeking long-term utility for digital assets. Major Japanese developers such as BANDAI NAMCO, Sega, and Square Enix are collaborating with Oasys to foster a diverse ecosystem supporting various blockchain games.
Oasys Ecosystem Hits 41M Wallets and 186M Transactions
The $OAS token powers the Oasys ecosystem, facilitating transactions, governance, and staking rewards. By late October 2024, Oasys recorded 41 million active wallets and 186 million transactions, indicating robust growth. Although $OAS is not available on major exchanges like Binance and Coinbase, it can be accessed on Upbit in South Korea and several Japanese platforms.
Oasys enhances its infrastructure by integrating with Arbitrum Orbit, a Layer 2 creation and deployment tool. This partnership allows developers to more efficiently launch Verses—dedicated environments for specific game themes. By standardizing data protocols and APIs, Oasys ensures seamless interoperability between Verses, enabling players to utilize their digital assets across multiple games without restrictions.
In terms of data management, Oasys focuses on secure recording and verification of game data by validators, protecting against loss of in-game items and enhancing digital asset security. The synchronization of digital assets from the Verse Layer to the Oasys Hub demonstrates the platform's commitment to a unified infrastructure.
Oasys Leads in Flexibility and Interoperability
Oasys stands out by providing greater flexibility and interoperability compared to competitors. Unlike Immutable, which lacks support for game-specific blockchains, Oasys enables developers to create or utilize Verses tailored to their game requirements. This adaptability attracts developers looking to establish unique game economies without platform limitations.
Ronin, created by Sky Mavis for Axie Infinity, concentrates on a few flagship games, presenting challenges for new entrants. In contrast, Oasys accommodates multiple Verses that cater to various game themes, broadening the potential user base and offering opportunities for new games to engage players. This approach supports both established and emerging games within the Oasys ecosystem.
The success of titles like Champions Tactics and De: Lithe Last Memories showcases Oasys’ capability to drive user engagement and revenue. These games leverage NFTs to create valuable digital assets for trading and ownership, fostering a loyal user community. As more games adopt Oasys’ infrastructure, the ecosystem’s value and stability of the $OAS token are projected to increase.
Oasys exceeds competitors in key metrics. Immutable has over 300 games and 2 million unique active wallets; Ronin centers around Axie Infinity with 430 million unique active wallets. Oasys, with 41 million active wallets and over 40 games, presents a balanced approach catering to both extensive and niche gaming communities.