Oasis Network is a privacy-first Layer 1 blockchain designed for confidential smart contracts and “responsible data economy” applications — combining the Oasis consensus layer (Tendermint PoS) with modular ParaTimes (plug-in computation environments) to achieve high throughput, low fees, and optional confidentiality for sensitive computations. ROSE is the native staking and gas token. Its flagship feature is Sapphire — an EVM-compatible confidential ParaTime where smart contract state is encrypted and only revealed to authorized parties, enabling use cases like private DeFi, sealed-bid auctions, and medical data applications. Founded by Dawn Song (UC Berkeley professor), Oasis raised significant backing from a16z, Binance Labs, and Polychain Capital.
| Stat | Value |
|---|---|
| Ticker | ROSE |
| Price | $0.01 |
| Market Cap | $82.40M |
| 24h Change | +3.0% |
| Circulating Supply | 7.59B ROSE |
| Max Supply | 10.00B ROSE |
| All-Time High | $0.60 |
| Contract (Binance Smart Chain) | 0xf006...bd4a |
How It Works
Separated architecture:
Oasis splits its design into two layers:
- Consensus Layer — Handles staking, delegation, and finality via Tendermint PoS
- ParaTimes — Independent compute environments that plug into the consensus layer; each ParaTime can have different execution models and privacy settings
Sapphire (confidential EVM):
Sapphire is Oasis’s most important ParaTime — a full EVM environment where smart contract state is encrypted using Trusted Execution Environments (TEEs, specifically Intel SGX). Developers write normal Solidity contracts but state is hidden from validators.
Emerald (public EVM):
An EVM-compatible ParaTime without confidentiality, for standard DeFi and dApps needing Oasis’s speed at lower cost.
ROFL (Runtime OFf-chain Logic):
A framework for building off-chain confidential AI agents and verifiable AI computations on Oasis infrastructure.
Tokenomics
| Metric | Value |
|---|---|
| Total Supply | 10,000,000,000 ROSE |
| Staking Rewards | ~15% APY (decreasing) |
| Minimum Delegation | 100 ROSE |
| Unbonding Period | ~14 days |
| Gas | ROSE used for all transaction fees |
Use Cases
- Staking — ROSE staked to validators for network security and yield
- Gas fees — ROSE pays for compute on Sapphire, Emerald, and other ParaTimes
- Confidential DeFi — Private trading, sealed auctions, hidden balances via Sapphire
- Data economy — Tokenized data monetization with privacy guarantees
History
- 2018–2019 — Dawn Song and team develop Oasis at UC Berkeley; raise $45M from a16z, Binance Labs, Polychain
- Nov 2020 — Oasis mainnet launches; ROSE token released
- 2021 — Emerald EVM ParaTime launches; DeFi ecosystem begins
- 2021 — ROSE hits ATH ~$0.58
- 2022 — Sapphire confidential EVM launches; Meta partnership for data privacy research announced
- 2023 — Oasis Privacy Layer launches as Ethereum middleware; ROFL framework for AI introduced
- 2024 — Ecosystem of confidential AI and privacy dApps expands
Common Misconceptions
“Oasis is just another EVM chain.” Oasis’s key differentiation is Trusted Execution Environment-based confidential computing — smart contract state can be genuinely private, not just pseudonymous, enabling use cases other chains cannot handle.
“Lower market cap means less security.” Oasis’s security model uses Tendermint finality with diversified validators; security is not linearly proportional to market cap in the same way as PoW chains.