The EOS Network has unveiled the Vaulta Banking Advisory Council, a move that has propelled EOS price up by 16% in 24 hours to a two-month high. Following this rise, the EOS market capitalization has also surged past $1 billion for the first time since mid-February.
Vaulta Banking Update Triggers EOS Price Rally to 2-Month High
The Vaulta Banking feature, which was introduced by the EOS Network last month, has been boding well for the EOS token. In the last seven days, EOS price is up a staggering 40%, with the ecosystem’s growth playing a major role in boosting buyer confidence.
Vaulta is a feature that seeks to bridge the traditional banking industry with Web3. With traditional financial institutions like BlackRock expanding their crypto presence, such a tool could gain massive adoption.
More importantly, EOS has revealed the Vaulta Banking Advisory Council. It noted,
“To bridge traditional finance and Web3, we’ve brought together seasoned leaders from banking, fintech,
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