Official wallet sees a surge in trading volume, behind the 38% increase in ROSE, the privacy track opportunity

Oasis Network’s native token ROSE performed strongly over the past 24 hours, rising from approximately $0.01 to $0.02, a 38.35% increase, with its market capitalization growing by $39.3 million to $142 million. More notably, the 24-hour trading volume reached $131.11 million, a surge of 642.09% compared to the previous day. This rally is not an isolated event but a concrete reflection of the renewed enthusiasm in the privacy computing sector.

Core Drivers of Short-Term Gains

Official Wallet Launches to Strengthen Ecosystem Development

According to the latest news, Oasis Protocol recently launched an official wallet product, further enhancing the privacy features experience. This move has had a tangible positive impact on market sentiment. For privacy computing platforms, the completeness of wallet tools directly affects user accessibility; the launch of the official wallet means users can participate in ecosystem applications more conveniently.

Surge in Trading Volume Reflects Increased Market Participation

The 642% increase in trading volume far exceeds the price gains, which is a key indicator. It shows that not only is the price rising, but also the number of market participants and overall enthusiasm are significantly increasing. In relatively low-liquidity tokens, a sharp rise in trading volume often indicates rapid market consensus formation.

Competitive Landscape of the Privacy Computing Sector

Oasis is not the only player in the privacy domain. According to relevant information, the privacy sector currently features several competing technological approaches.

Compared to Monero, Oasis’s advantage lies in supporting smart contracts, enabling DeFi applications. Against newcomers like Dusk, Oasis benefits from more mature technical development and a longer market validation cycle.

Technical Features and Risk Warnings

Attention to Volatility Characteristics

ROSE fluctuated between $0.01 and $0.02 within 24 hours, with an amplitude of 100%. Such high volatility is common in tokens with relatively low liquidity, meaning trading volume and participant behavior can significantly amplify price movements.

Medium-term Performance Worth Watching

Looking at a longer timeframe, ROSE’s performance is more noteworthy. A 7-day increase of 56.44%, and a 30-day increase of 78.85%, indicate this is not just a short-term hype but a sustained upward cycle. This generally reflects growing market recognition of the project’s fundamentals.

Key Points for Future Observation

The development prospects of privacy computing platforms depend on several key factors. First, the richness of ecosystem applications; the official wallet is just part of the infrastructure, with real value lying in how many practical DApps can operate on the platform. Second, adaptability to regulatory environments; compared to Monero, which faces delisting pressures, Oasis’s privacy computing approach offers more regulatory flexibility. Lastly, liquidity stability; whether the current surge in trading volume can translate into sustained market participation.

Summary

ROSE’s 38% increase reflects growing market attention to the privacy computing sector. The launch of the official wallet, the surge in trading volume, and continuous gains across multiple cycles all point to market recognition of Oasis’s ecosystem development. However, it’s important to note that the privacy sector is still in an exploratory stage, and the market cap gap between Oasis and Monero indicates significant uncertainties in this field. The current rally could be a cyclical opportunity or a short-term hype; the key is whether subsequent ecosystem applications can truly materialize.