The price of EOS surged by 25% to $0.61 following the announcement of its rebranding to Vaulta, marking a strategic shift toward web3 banking. The transition, which includes a token swap, is set to take place by the end of May, though the timeline remains subject to adjustments.
A New Era for EOS: Vaulta and Web3 Banking
In a press release on March 18, 2025, Yves La Rose, CEO of the Vaulta Foundation, emphasized that the transition represents “more than just a name change.” According to him, Vaulta is the culmination of years of planning, strategic development, and thoughtful design aimed at positioning the network as a leader in decentralized finance (DeFi) and traditional banking integration.
The Vaulta operating system (Vaulta BankingOS) will serve as a scalable web3 banking platform, enabling decentralized financial services. Additionally, the project will establish the Vaulta Banking Advisory Council, which will include financial experts dedicated to bridging traditional finance and blockchain technology.
EOS Price Struggles and the Potential of Vaulta
The rebrand comes after prolonged price struggles for EOS, which has failed to recover from its 2018 all-time high and has remained over 30% below its 2021 levels. The transformation into Vaulta is seen as a way to reinvigorate interest and bring institutional adoption into the ecosystem.
As part of its new financial model, Vaulta will integrate with exSat, a Bitcoin digital banking solution, positioning BTC as a core component of its strategy. Further details, including the new token ticker and additional partnerships, are expected to be revealed in the coming months.
Security Concerns Amid the Rebrand
While the rebranding has sparked excitement, blockchain security firm SlowMist has issued a warning about address poisoning attacks targeting EOS wallets. Scammers have reportedly been sending 0.001 EOS transactions to users, creating wallet addresses that closely resemble legitimate ones in an attempt to trick users into copying and pasting fraudulent addresses during transactions,
The transition from EOS to Vaulta represents a major strategic shift, positioning the network as a key player in web3 banking. With a focus on scalability, security, and financial integration, the rebrand aims to drive adoption and revitalize the EOS ecosystem. However, security threats remain a concern, and users are urged to exercise caution when handling transactions.
As the crypto space awaits further details on Vaulta’s new partnerships and financial infrastructure, all eyes will be on how this transformation impacts EOS’s long-term market position.
