Open Campus launches EDU Chain mainnet, unlocking $150m TVL

Open Campus, the decentralized autonomous organization building an on-chain education network, has launched the EDU Chain mainnet on Arbitrum Orbit.

Designed for education-focused decentralized applications and EduFi, the EDU Chain on Arbitrum (ARB) Orbit has quickly become the leading Layer 3 blockchain, surpassing $150 million in total value locked, according to L2beat. 

The blockchain’s TVL includes contributions from Open Campus’s treasury and liquidity providers bridging assets to the platform, according to a release shared with crypto.news.

During its testnet phase, EDU Chain processed over 86.2 million transactions and engaged 358,684 unique active wallets. With 47 dApps already live on the testnet, many are now preparing to deploy on the mainnet.

Open Campus’s initiatives 

To drive dApp development, Open Campus (EDU) has launched two initiatives. The first is an ongoing hackathon series with $1 million in prizes, which has already attracted thousands of developers. 

The second initiative, the Open Campus Incubator, is a 12-week program designed to help hackathon winners scale their projects. Participants gain access to grants, venture capital funding opportunities, and resources to grow on EDU Chain.

Additionally, the platform introduced Season 1 of its Yuzu Points rewards program. By interacting with mainnet dApps, users can earn Yuzu Points, which unlock EDU token emissions. Open Campus has allocated up to 150 million EDU tokens for these rewards.

The launch positions EDU Chain as a leader in blockchain-based education solutions, combining decentralized finance, gamified learning, and developer support to foster innovation in on-chain education.