OverProtocol PriceOVERInactive

What is OverProtocol (OVER)?

OverProtocol is a Layer 1 blockchain designed to let ordinary individuals run full nodes on their personal computers. The project set out to lower the technical and hardware barriers that normally keep everyday users out of blockchain validation. Its core innovation is a protocol called Ethanos, which only treats active accounts as valid and allows full nodes to discard obsolete data. This layered data approach drastically reduces storage and computing requirements, making it feasible to operate a node on low-spec hardware. The native token, OVER, has a total supply of 1,000,000,000 tokens, while the maximum supply is treated as unlimited per CoinDesk. On April 28, 2026, the Over Foundation announced the sunset of Over Protocol and discontinued operation of its infrastructure and services, including OverWallet, OverNode, OverFlex, its RPC endpoints, the block explorer and its API, citing financial constraints.

Key Specifications & Tokenomics

• Name: OverProtocol
• Ticker / Symbol: OVER
• Blockchain Type: Layer 1
• Consensus Mechanism: Proof-of-Stake (PoS)
• Core Protocol: Ethanos
• Launch Date: December 2024 (CoinMarketCap lists 2024-12-16; CoinDesk lists 2024-12-07)
• Total Supply: 1,000,000,000 OVER
• Maximum Supply: Unlimited. The token has a fixed total supply of 1,000,000,000 OVER, while the maximum supply is treated as unlimited per CoinDesk.
• Circulating Supply: 373,990,000 OVER (self-reported, per CoinMarketCap); CoinDesk lists 190,000,000 OVER
• Circulation detail: while OVER has a total supply of 1 billion tokens, only 19.7% is in circulation, per a founder statement
• Category: Wallet, Layer 1
• Explorer: scan.over.network
• Security: no public third-party audit report is cited in available sources; the project's infrastructure has been discontinued as of April 28, 2026

Who created OverProtocol?

OverProtocol was founded by Ben (Jae-Yun) Kim, described as a PhD candidate at Seoul National University. The project was founded by Ben (Jae-Yun) Kim and contributed by Superblock, a South Korean blockchain infrastructure company; the whitepaper v1.0 was authored by the Over Foundation. Superblock is described as a South Korean blockchain infrastructure company that contributes to OverProtocol. The whitepaper v1.0 was announced on September 15, 2023, and the project launched in December 2024. The project's official communications were channeled through its X account and Medium blog, and its whitepaper v1.0 was released via Medium.

How does OverProtocol work?

OverProtocol operates as a Proof-of-Stake Layer 1 blockchain built around the Ethanos protocol. Ethanos introduces a data hierarchy that only considers active accounts valid, enabling full nodes to discard obsolete data. This means a node does not need to store the entire historical state of the chain, which dramatically lowers hardware requirements. Block production uses Gasper, a consensus method originally from Ethereum. Ethanos splits data into three layers — the Over Layer for active and important information, the Nether Layer for less-used data, and the External Layer for data outside the main blockchain — so a standard 512GB drive, or even a mid-range Intel Core i5 with 8GB RAM, is enough to run a node. Users interact with the network through OverScape, a GUI-based node application that streamlines the typically complex process of node installation and operation. Through OverScape, anyone can participate as a validator without specialized knowledge, validating transactions and proposing blocks to earn OVER tokens as rewards. The network also includes a DAO Treasury that allows users to shape the ecosystem through transparent voting mechanisms, supporting collective decision-making.

What makes OverProtocol unique and valuable?

The primary differentiator of OverProtocol is its focus on accessibility. By combining the Ethanos data-layering protocol with a lightweight node design and a user-friendly GUI application, it lowers the barrier to becoming a validator to the point where a personal computer is sufficient. This stands in contrast to networks that rely on institutional or large-scale validators. The inclusive Proof-of-Stake mechanism aims to decentralize the validator set by minimizing reliance on large stakeholders. On the application side, the project envisioned connecting staking rewards to real-world financial activity through OverFlex Market, a commerce platform for purchasing real-world linked products via mobile tickets, and a longer-term vision of using OVER as collateral or for investment in real-world assets.

What is OverProtocol used for?

The native OVER token serves several functions within the network. Primarily, it is the reward token for validators who validate transactions and propose blocks. To become a validator and earn rewards, a user must stake OVER; the more staked, the higher the chance of being selected to propose blocks. Every transaction costs a small fee paid in OVER, and those fees flow into the DAO Treasury, which funds future development. Users who run nodes through OverScape earn OVER as compensation for securing the network. These accumulated rewards are intended to be usable across various DeFi services launched on OverProtocol. OverFlex Market was designed as a commerce platform for purchasing real-world linked products via mobile tickets; it was discontinued on April 28, 2026 along with OverWallet, OverNode, the RPC endpoints and the block explorer. The project's roadmap also envisioned enabling home staking users to invest earned OVER tokens in real-world assets, resell them for profit, or use them as collateral for loans. Governance participation through the DAO Treasury represents another utility, giving holders a voice in ecosystem decisions.

How Is the OverProtocol ecosystem developing?

The OverProtocol ecosystem was built around several core components. OverScape serves as the entry point for validators, providing a GUI-based node application. OverFlex Market was positioned as the flagship DeFi service, a commerce platform linking blockchain rewards to real-world purchases. The DAO Treasury provides a governance layer for community-driven decision-making. However, the ecosystem's development has been curtailed. The Over Foundation announced the sunset of Over Protocol, citing financial constraints, and stated it would permanently cease operations of the Layer 1 network. The announcement, made via the project's X account, described the shutdown as permanent. According to Crypto.news, the shutdown left a decentralized shell behind.

How to mine OverProtocol?

OverProtocol does not use traditional mining. As a Proof-of-Stake network, it relies on validators rather than miners. To participate, users would run a full node using OverScape, the project's GUI-based node application, which was designed to simplify installation and operation. Becoming a validator required only a personal computer and the OverScape application, with no specialized technical knowledge needed. Validators validate transactions and propose blocks, earning OVER tokens as rewards. The network's Ethanos protocol and layered data approach made it possible to run these nodes on low-spec devices by discarding obsolete data. Staking rewards accumulated through validation were intended to be usable in DeFi services on the network. Given the announced sunset and cessation of operations, the validation and staking functionality is no longer active.

How to keep your OverProtocol Coin safe?

Standard cryptocurrency security practices apply to OVER. Use a self-custody wallet that supports the OverProtocol network; verify network settings through official sources before interacting. Never share your seed phrase or private keys with anyone, and be wary of phishing attempts that impersonate official project channels. Verify contract addresses and network settings through official sources before interacting with any application. Because the project has announced a sunset and ceased operations, exercise heightened caution: token liquidity and trading venues may be limited or unavailable, and any remaining services may carry elevated counterparty risk. Avoid interacting with unofficial websites or unverified smart contracts claiming to offer staking, rewards, or recovery services. Store the majority of holdings in cold storage if long-term retention is intended, and stay informed through official announcements regarding the project's status.