The launch of EDU Chain will have a long-lasting impact on the native token, which gained over 11% in the past 24 hours to trade about 60 cents on Friday, January, 17.
Open Campus (EDU), a fast-growing decentralized solution for global education systems, has announced a major milestone toward democratizing advanced models of education. After months of meticulous research and development, the Open Campus unveiled the EDU Chain, a layer three (L3) network based on the Arbitrum One (ARB) network.
As a result, the Edu Campus can guarantee the secure scalability of its network to empower content creators through the Ethereum (ETH) legacy. In a bid to commemorate the EDU Chain launch, the Open Campus team has set aside 150 million EDU tokens, which represent 15 percent of the total supply.
Notably, the Open Campus team intends to distribute the EDU tokens through the EDULand NFTs. The Open Campus introduced the Yuzu on-chain points system on the EDU Chain ecosystem to help users unlock EDU token rewards. Furthermore, EDU Chain users can stake their EDU tokens and engage with decentralized applications (Dapps) on the mainnet to earn Yuzu points.
As of this writing, the EDU Chain had more than 100 Dapps building on the mainnet to attract more users. Some of the Dapps building on the EDU Chain include BlockFlow, EduHub, ThrustPad, Blitz protocol, GainzSwap, HackQuest, Grasp Academy, and DailyWiser, among many others
Consequently, the Open Campus team is confident the success of its web2 platform will reciprocate on the EDU Chain backed by reputable investors led by Binance Labs.
5. The reputation layer – Open Campus ID
Imagine your entire learning journey — every course, every project, every award— securely recorded as onchain achievements.
Well, OC Achievements are now live on EDU Chain for 20 million learners! pic.twitter.com/twTIN8bq2f
— Open Campus (@opencampus_xyz) January 17, 2025
Market Implication of the EDU Chain Launch
Following the strategic launch of the EDU Chain, the native token gained over 15 percent in the last 24 hours to trade above 62 cents on Friday, January 17, during the mid-New York session. The small-cap altcoin, with a fully diluted valuation of about $158 million and a 24-hour average traded volume of about $24 million, successfully rebounded from a crucial support level.
With the improving fundamental outlook, the EDU token is well-positioned to rally further in the coming months. Moreover, the ongoing altcoin bull rally triggered by the Bitcoin price rally above $102K has heightened the crypto cash rotation for BTC to altcoins.
Bigger Picture
The Open Campus has tapped into blockchain technology to disrupt global online education. Moreover, more parents are keen on what their children consume in online spaces to secure a better future. Projections show that the education industry is worth over $5 trillion with 1.4 billion students and educators around the world.
The Edu Campus is a DAO and community-led protocol with several products already in the market. The strategic launch of the EDU Chain on the Arbitrum L2 network will enhance the liquidity of the main token and the overall connectivity of its products.
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