Oasis Network is a modular privacy-focused layer-1 blockchain (mainnet November 2020) co-founded by Dawn Song (UC Berkeley cryptographer) that separates consensus (Tendermint BFT validator layer) from execution (ParaTimes — parallel runtime environments) — allowing multiple specialized execution environments to run simultaneously, including the Cipher ParaTime (WASM confidential contracts using SGX TEEs) and the Sapphire ParaTime (Ethereum-compatible EVM with confidential smart contract support using SGX) — with ROSE as the staking, gas, and governance token, and an emphasis on responsible data economy, personal data monetization, and confidential AI computation (ROFL framework) as primary strategic use cases.
| Stat | Value |
|---|---|
| Ticker | ROSE |
| Price | $0.01 |
| Market Cap | $86.71M |
| 24h Change | +8.7% |
| Circulating Supply | 7.59B ROSE |
| Max Supply | 10.00B ROSE |
| All-Time High | $0.60 |
| Contract (Binance Smart Chain) | 0xf006...bd4a |
How It Works
- Modular consensus + execution — Oasis’s consensus layer (ROSE staking, Tendermint BFT) handles block finality. Separate ParaTime layers handle smart contract execution. This allows parallel transaction throughput and specialized execution environments.
- Sapphire ParaTime (confidential EVM) — Sapphire is fully EVM-compatible (Solidity, Hardhat, MetaMask), allowing existing Ethereum DApps to deploy with an added optional layer of confidentiality. Smart contract state can be marked confidential and encrypted via SGX.
- Cipher ParaTime — Oasis’s WASM-native confidential ParaTime for Rust-based smart contracts with full state encryption.
- ROSE tokenomics — ROSE is delegated to ParaTime nodes (for SGX-capable hardware nodes running confidential computation) and consensus validators. Delegators earn staking rewards.
- ROFL (Runtime OFf-chain Logic) — Oasis’s framework for confidential off-chain computation, allowing AI models to be deployed in TEE enclaves where the model’s weights and inputs remain private. This targets AI inference privacy for enterprises.
- Tokenization use cases — Oasis commercialized a “data tokenization” concept allowing individuals to own, sell, and control access to their personal data on-chain.
Tokenomics
| Parameter | Value |
|---|---|
| Ticker | ROSE |
| Max supply | 10,000,000,000 (10 billion) |
| Initial circulating supply | ~1.5 billion at mainnet launch |
| Staking rewards | ~10–15% APR (adjusts with staked ratio) |
| Usage | Staking (consensus), gas fees (ParaTimes), governance |
| Founders | Dawn Song (UC Berkeley professor), others |
Use Cases
- Confidential EVM DApps — Deploy privacy-preserving Ethereum-compatible applications on Sapphire.
- Confidential AI inference — Run AI models on private data using ROFL TEE execution.
- Data monetization — Tokenize and selectively share personal data via on-chain ownership records.
- Private DeFi — Build DeFi protocols where position sizes and user interactions are encrypted.
History
- 2018 — Oasis Labs founded by Dawn Song and team with seed funding including Andreessen Horowitz (a16z). Dawn Song is a prominent Berkeley cryptography professor with decades of academic work in security and privacy.
- 2020-11-18 — Oasis mainnet (consensus layer) launches with ROSE staking. The Emerald ParaTime (EVM-compatible, non-confidential) launches in late 2021.
- 2021 — ROSE reaches its all-time high near $0.60 during the 2021 bull run. The privacy computing narrative attracts investor interest. Oasis ecosystem DApps including YuzuSwap DEX and Fountain Protocol lending launch on Emerald.
- 2022-Q3 — Sapphire (confidential EVM ParaTime) launches in public beta. Sapphire is the most significant milestone: it enables Ethereum developers to add privacy to their EVM DApps without rewriting in a new language.
- 2022 — Oasis partners with Meta (Facebook) for a data privacy research collaboration, drawing attention to Oasis’s positioning in the data economy space.
- 2023–2024 — Oasis expands the ROFL framework for AI inference privacy. As AI privacy becomes an enterprise concern, Oasis repositions itself as a privacy infrastructure layer for AI as well as DeFi.
Common Misconceptions
“Sapphire gives all Ethereum DApps automatic privacy.”
Developers must explicitly mark contract state as confidential in Sapphire. DApps ported without modification run on Sapphire but are not automatically confidential. Privacy is opt-in, requiring deliberate contract design.
“ROSE has a small supply comparable to other privacy tokens.”
With a 10 billion maximum supply, ROSE has a very large total supply. At sub-$1 prices, the per-token price reflects this, unlike Monero (XMR) or Zcash (ZEC) with millions-scale supplies. ROSE’s per-token value is not comparable to information-scarce tokens.
Social Media Sentiment
Oasis benefits from Dawn Song’s academic credibility and strong institutional investor backing (a16z, Binance Labs, Pantera). The data tokenization and “responsible data economy” narrative generates interest from privacy advocates and institutional data compliance contexts. Sapphire’s confidential EVM is technically respected. Critics note Oasis’s TVL and developer ecosystem remain small relative to the funding and attention the project received. ROSE price remains well below 2021 highs.
Last updated: 2026-04