EOS was once a highly regarded blockchain platform, raising over $4 billion during the ICO frenzy of 2017-2018, attracting significant attention due to its high performance, low latency, and promises of millions of TPS and zero fees. However, numerous issues arose during development, compounded by Block.one's lack of ongoing support and unclear direction, while competition in the blockchain industry intensified with the rise of rivals such as Ethereum and Solana. As a result, EOS has gradually been marginalized, with its token price languishing.

In an effort to break free from its predicament, on March 18, 2025, EOS Network officially rebranded to Vaulta, aiming to highlight its financial attributes related to 'asset storage and management', with the goal of transforming into a 'Web3 bank'. The original EOS token is expected to be exchanged for the new Vaulta token at a 1:1 ratio by the end of May 2025. The new token is based on the upgraded EOSIO software and supports the cross-chain protocol 'exSat' to enhance compatibility. Vaulta retains the core technical architecture of EOS and collaborates with Ceffu, Spirit Blockchain, and blockchain insurance, planning to enhance Bitcoin-related functionality through integration with exSat to build a more flexible and efficient financial services platform, attempting to seize growth opportunities in Web3 finance and redefine its value.