Why Over Protocol Might Be the Next Big Layer-1 Blockchain
Summary: Over Protocol is a scalable, ZK-powered Layer-1 blockchain from South Korea, aiming for full accessibility with lightweight nodes. Is it a long-term gem?
What is Over Protocol?
Over Protocol is an emerging Layer-1 blockchain designed to deliver scalability, decentralization, and broad accessibility. By leveraging lightweight nodes and Zero-Knowledge (ZK) proof technology, Over Protocol aims to create an inclusive ecosystem where even users with limited hardware can actively participate in the network.
Token Supply and Distribution
Maximum Supply: 1 billion OVER tokens (distributed over 10 years)
Initial Circulating Supply: 190 million OVER
OCAP Program: 150 million (airdrop, community incentives, liquidity)
Over Foundation (OF): 20 million (staking)
Over Technologies (OT): 20 million (staking)
Detailed Allocation:
OCAP (15%): Community rewards and liquidity
Staking Rewards (30%): 200M guaranteed + 100M performance-based
DAO Treasury (10%): Grants, dApp development, educational funding
Core Team, Investors, OF & OT (45%): Locked/vested over 2 years
Origin and Investment
Country: South Korea
Investors: Netmarble, Naver Z, Spring Camp, Schmidt, DSC Investment
Funding: $8 million (raised in 2023)
Market Snapshot (as of May 2025)
Current Price: ~$0.031 (down ~84% from ATH of $0.2034)
Market Cap: ~$81.1 million
Listed On: Gate.io, MEXC, BingX, Flipster
24h Volume: ~$2.15 million
Community Engagement & Airdrop
OCAP Allocation: 15% (~150 million OVER)
Airdrop Supply: ~5.45% (~54.5 million OVER)
Community Members: 5.8+ million global participants
Long-Term Investment Potential
Strengths:
Lightweight architecture for broad device compatibility
ZK-proof technology enhances privacy and scalability
Transparent tokenomics and scheduled supply
Strong, growing global community
Challenges:
Early development phase
Over 80% down from ATH
Vesting/unlock risks may impact price
Competition from major Layer-1s like Solana, Mina, Sui
Final Thoughts
Over Protocol is a technically sound, community-centric blockchain project with a focus on accessibility and fairness. Its use of lightweight nodes and zero-knowledge proofs makes it especially suitable for widespread global adoption. However, due to its relatively early stage and market volatility, long-term investors are advised to conduct thorough research (DYOR) before making significant commitments.
DYOR: The crypto space is volatile. Over Protocol shows potential—but always Do Your Own Research before investing.