Over the last few months, members of the EOS community formed the EOS Network Foundation. The community voted to effectively fire B1 and to instead take power into its own hands. This made EOS the world's largest DAO, other than Bitcoin.
One reason EOS received so much early hype is that the technology is superior to every other chain. This allows developers to build applications that aren’t possible on other blockchains. 4 years later, EOS remains the most performant & battle-tested Ethereum alternative.
The issue for EOS was a lack of leadership & coordination. Everyone expected this to come from B1, but it never materialized, so most people left EOS for chains like Avax, Fantom, Solana, etc…that has now changed because of the EOS Network Foundation.
This change is why you see people like Dan Larimer and many others returning to EOS and saying they are “all in”.
Next month, a catalyst event is coming: EOS EVM. This will bring plenty of dApps and users to EOS. Lots of developers are planning to build apps on EOS this year because the tech will enable next-gen apps. Plus, transactions are FREE.
The other major catalyst that is taking place right now are all the #EOSIO chains uniting and working together. That means you have WAX, EOS, TELOS, etc working together.
EOS at one point was the #3 coin in all of crypto. Its price was over 20.The chain finally has leadership, funding & coordination thanks to the EOS Network Foundation.