Oasis Network represents a paradigm shift in blockchain technology, positioning itself as the premier privacy-enabled and scalable Layer 1 network designed to propel Web3 forward. The project's core mission centers on solving the fundamental tension between privacy and utility in decentralized applications, targeting a future where users maintain complete control over their data while still enabling powerful computational capabilities. The network's primary innovation lies in its unique dual-layer architecture that separates consensus from execution, enabling parallel processing and confidential computing through Trusted Execution Environments (TEEs). This technological foundation unlocks new use cases including private DeFi applications, confidential smart contracts, data tokenization, and decentralized AI—markets that traditional transparent blockchains cannot effectively serve due to privacy constraints.

Oasis Network emerged from the academic research of Dawn Song, a renowned UC Berkeley professor and leading expert in cryptography and computer security, who co-founded Oasis Labs in 2018 alongside Bobby Jaros (COO), Noah Johnson (CPO), and Raymond Cheng (CTO). The project's genesis was driven by Song's recognition that blockchain technology lacked essential privacy protections and scalability features needed for mainstream adoption. Following substantial funding rounds totaling $48 million from prominent investors including Andreessen Horowitz (a16z), Pantera Capital, and Binance Labs, the network launched on mainnet in November 2020. Since launch, Oasis has achieved several critical milestones including the deployment of Emerald ParaTime for EVM compatibility in 2021, the launch of Sapphire as the first confidential EVM-compatible runtime in 2022, and the recent introduction of Runtime Offchain Logic (ROFL) for verifiable AI in 2024. The network has evolved from a promising privacy-focused blockchain into a comprehensive platform supporting over $12 million in total value locked through liquid staking protocols, a thriving ecosystem of privacy-enabled applications, and partnerships with major enterprise clients including Meta, BMW Group, and Stanford Medical Center.

Technology Highlights

Oasis Network's revolutionary dual-layer architecture separates the Consensus Layer from multiple ParaTime execution layers, enabling parallel transaction processing and unprecedented scalability. The Consensus Layer utilizes a Byzantine Fault Tolerant (BFT) proof-of-stake mechanism based on CometBFT, providing instant finality and high security. The ParaTime Layer supports diverse execution environments including Sapphire (the only production-ready confidential EVM), Emerald (high-throughput EVM compatibility), and Cipher (WebAssembly-based privacy runtime). The network's privacy capabilities are powered by Intel SGX Trusted Execution Environments and confidential computing primitives that enable encrypted smart contract execution without compromising functionality.

Governance Overview

Network governance operates through on-chain voting mechanisms where ROSE holders can participate directly or delegate voting power to validators who represent their interests. Major network upgrades and parameter changes require community consensus through formal governance proposals. The Oasis Foundation stewards the ecosystem's long-term development, while the decentralized validator set ensures operational integrity. Token holders maintain ultimate control over protocol evolution through their staking and voting rights, creating a truly decentralized governance structure that balances technical expertise with community input.

Current Performance

Positive Drivers

Several fundamental catalysts position ROSE for potential upside including the rapidly expanding artificial intelligence sector where Oasis's confidential computing capabilities provide unique competitive advantages through ROFL infrastructure. The growing institutional demand for privacy-preserving blockchain solutions, evidenced by partnerships with Fortune 500 companies and government agencies, creates substantial enterprise adoption potential. The network's $235 million ecosystem fund continues attracting high-quality developers and projects, while the liquid staking ecosystem has already captured over $12 million in total value locked, demonstrating strong DeFi integration demand.

Risk Factors

Primary concerns include the highly competitive Layer 1 blockchain landscape where Oasis must compete against well-established ecosystems with significantly larger market capitalizations and developer communities. Regulatory uncertainty surrounding privacy-focused blockchain technologies could impact adoption, particularly for enterprise use cases requiring compliance with evolving data protection regulations. Technical complexity of confidential computing may slow mainstream developer adoption compared to simpler blockchain platforms, while the network's relatively small market cap creates vulnerability to significant price volatility from large token movements.