Author: ABC Alpha researcher @cyrus_g3
In order to study the evolution trend of current Crypto projects, we need some currently active projects that have not yet TGE as research objects. Therefore, we used the Pre-TGE projects on the InfoFi platform @KaitoAI as basic data for analysis.
We found some interesting data from the 43 Pre-TGE projects, and also roughly saw the mainstream direction and evolution trend of the current Crypto projects. In the end, we sorted out 8 small trends, which will be introduced one by one below. The basic information of the 43 Pre-TGE projects is attached at the end of the article.
1. The most crowded track is AI
There are 11 projects in total, accounting for 25.5%, namely:
@0G_labs, @AlloraNetwork, @campnetworkxyz, @hyperbolic_labs, @Mira_Network, @Novastro_xyz, @NetworkNoya, @OpenledgerHQ
@symphonyio, @TheoriqAI, @wardenprotocol
AI track projects are developing in a diverse manner, mainly including three categories: AI-specific Layer1 blockchain, DeAI (DeFi Agent), and AI infrastructure.
Among them, the largest amount of financing and the largest number of projects are "AI-specific Layer1 blockchain projects", and the top three financing amounts are:
@0G_labs 75M
@AlloraNetwork 32.5M
@campnetworkxyz 29M
2. The Layer 1 blockchain track is still lively, and shows a trend of high performance and verticalization
There are 10 Layer 1 blockchain projects in total, accounting for 23.2%, second only to AI projects.
High-performance Layer 1, 3 in total
@FogoChain @monad_xyz @Somnia_Network
Layer 1 customized for AI, 6 in total
@0G_labs, @AlloraNetwork, @campnetworkxyz, @Mira_Network
@OpenledgerHQ, @wardenprotocol
Dedicated data class Layer1: 1 in total
@irys_xyz
3. Full-chain application becomes a trend
There are 8 full-chain infrastructure and application projects, accounting for 18.6%
Web3 OS that supports multi-chain deployment of dApps: @anoma,
Customized Rollup platform and seamless cross-chain interoperability @Calderaxyz
One-stop multi-chain financial platform: @infinex
Programmable multi-chain liquidity network @MitosisOrg
Multi-chain yield protocol supporting multiple types of assets @multiplifi
AI-driven multi-chain RWAFi protocol @Novastro_xyz
Unified liquidity layer for cross-chain currency markets @0xSoulProtocol
ZK-driven full-chain interoperability protocol @union_build
4. General Layer 2 is disappearing, and vertical Layer 2 is emerging
Layer2 supporting EVM and SVM: @EclipseFND
Focusing on Layer2 of DeFi ecosystem: @katana @tradeparadex
High-performance Ethereum L2 that can parallelize computational tasks: @megaeth_labs
5. Bitcoin ecosystem projects still exist, but the number has been greatly reduced, with a total of 4
Bitcoin ZK-Rollup that provides BTC yields @GOATRollup
Bringing BTC to multi-chain DeFi protocols @Lombard_Finance
Bitcoin cross-chain infrastructure without custody @PortaltoBitcoin
Bitcoin Universal Yield Layer @satlayer
6. ZK track is still in the infrastructure and technical service stage, a total of 3
A general ZK protocol built on RISC Zero @boundless_xyz
Providing ZK proof infrastructure for applications @SuccinctLabs
Providing ZK support for full chain interoperability protocols @union_build
7. Classic track projects such as GameFi, SocialFi, DID, and Depin have been greatly reduced and are showing a marginalization trend
Among the 42 projects we surveyed: only 1.5 GameF projects, one of which is the multiplayer online on-chain Farm adventure game @LumiterraGame. Another is the on-chain gambling game market @yeet that uses cryptocurrency payments, which is half of GameFi;
1 SocialFi project integrated with Meme Launchpad @MemeX_MRC20
1 DID protocol based on human palm prints @Humanityprot
1 Depin project that uses idle computing power for mining @theblessnetwork
GameFi, SocialFi, DID, and Depin, which were once very popular in the last cycle, have gradually declined, once again showing the strong cyclicality of the Crypto industry.
8. The tracks with the highest financing amounts are Layer1, AI, and full chain
These three tracks basically represent the main development trends of current Crypto projects
The top project in terms of financing amount is the high-performance Layer1 blockchain project @monad_xyz, which has raised a total of 224M
Supported by leading institutions such as Paradigm, Dragonfly, Wintermute, etc.
The top 2 project in terms of financing amount is the AI-specific blockchain project @0G_labs, which has raised a total of 75M
Supported by leading institutions such as Hack vc, Delphi Digita, OKX Ventures, etc.
The top 3 project in terms of financing amount is the one-stop multi-chain financial platform @infinex, which has raised a total of 65.3M
Backed by Wintermute, Framework Ventures, Solana Ventures and other leading institutions
Summarize
From the survey of 42 Pre-TGE projects on @KaitoAI, we have summarized 8 small trends. We can roughly see that both Layer 1 and Layer 2 are showing a vertical trend. A large amount of financing is concentrated at the vertical Layer 1 and Layer 2 levels. AI blockchain is the hottest track, and the full chain is the mainstream trend of chains and applications. A large number of classic tracks are gradually declining, and a new round of Crypto cycle is emerging.
The following is the complete information of 42 Pre-TGE projects, sorted by AZ:
1.0G
@0G_labs
Positioning: Decentralized AI Layer1
Financing and investment institutions: 75M. Hack vc, Delphi Digita, OKX Ventures, etc.
2. Allora
@AlloraNetwork
Positioning: Self-evolving AI Layer1 blockchain
Financing and investment institutions: 32.5M Polychain, Coinfund, Blockchain Capital, etc.
3. Anoma
@anoma
Positioning: Web3 OS that supports multi-chain deployment of dApps
Financing and investment institutions: 57.8M Polychain, Electric Capital, etc.
4. Bless
@theblessnetwork
Positioning: Depin project that uses idle computing power for mining
Financing and investment institutions: 8M NGC, MH Ventures, etc.
5. Boundless
@boundless_xyz
Positioning: General ZK protocol built on RISC Zero
Financing and investment institutions: 54M Blockchain Capital, Fenbushi Capital
6. Caldera
@Calderaxyz
Positioning: Customized Rollup platform, seamless cross-chain interoperability
Financing and investment institutions: 24M Founders Fund, Dragonfly, Sequoia Capital
7. Campnetwork
@campnetworkxyz
Positioning: Layer 1 blockchain built for AI and IP
Financing and investment institutions: 29M 1Kx, Blockchain Capital, etc.
8. Eclipse
@EclipseFND
Positioning: Layer2 supporting SVM on Ethereum
Financing and investment institutions: 65M Placeholder, Polychain, etc.
9. Fogo
@FogoChain
Positioning: High-performance millisecond-level Layer 1 blockchain
Financing and investment institutions: 13.5M Distributed Global, CMS Holding, etc.
10. Hana
@HanaNetwork
Positioning: Hyperliquid-based app-based financial entertainment platform
Financing and investment institutions: 4M Dewhales Capital, Morph, Orange DAO, etc.
11. GOAT Network
@GOATRollup
Positioning: Bitcoin native ZK-Rollup @GOATRollup that can provide BTC returns
Financing and investment institutions: Undisclosed
12. Humanity Protocol
@Humanityprot
Positioning: DID protocol based on palmprint recognition
Financing and investment institutions: 50M Pantera Capital, Jump Crypto, etc.
13. Hyperbolic
@hyperbolic_labs
Positioning: On-demand AI cloud computing platform
Financing and investment institutions: 50M Variant Fund, Polychain
14. Infinex
@infinex
Positioning: One-stop multi-chain financial platform
Financing and investment institutions: 65.3M
Wintermute, Framework Ventures, Solana Ventures, etc.
15. Irys
@irys_xyz
Positioning: Programmable data link
Financing and investment institutions: 8.7M
Framework Ventures, Lemniscap
16. Katana
@katana
Positioning: Layer2 blockchain focusing on defi
Financing and investment institutions: for disclosure
Polygon Labs, GSR
17. Lombard
@Lombard_Finance
Positioning: Introducing BTC into multi-chain DeFi protocols
Financing and investment institutions: 17M
Ploychain, YZi Labs, DAO5, etc.
18. Lumiterra
@LumiterraGame
Positioning: Multiplayer online Farm adventure game on the chain
Financing and investment institutions: Undisclosed
19. Megaeth
@megaeth_labs
Positioning: High-performance Ethereum L2 that can process computing tasks in parallel
Financing and investment institutions: 20M
Dragonfly, Robot Ventures, etc.
20. MemeX
@MemeX_MRC20
Positioning: A platform integrating SocailFi, Meme, and Launchpad
Financing and investment institutions:7M
Memecore etc.
21. Mira
@Mira_Network
Positioning: A proprietary blockchain for cross-validating AI outputs
Financing and investment institutions:7M
Framework Ventures, Bitkraft Ventures, etc.
22. Mitosis
@MitosisOrg
Positioning: Programmable multi-chain liquidity network
Financing and investment institutions:7M
Foresight Ventures, GSR, Amber Group
23. Monad
@monad_xyz
Positioning: High-performance Layer1 compatible with EVM
Financing and investment institutions: 244M
Paradigm, Dragonfly, Wintermute, etc.
24. MultiBank.io
@multibank_io
Positioning: Crypto compliant exchange
Financing and investment institutions: Undisclosed
25. Multipli.fi
@multiplifi
Positioning: Multi-chain income protocol supporting stablecoins, tokens, RWA and other assets
Financing and investment institutions: Undisclosed
Pantera, Sequoia Capital, etc.
26. Novastro
@Novastro_xyz
Positioning: AI-driven multi-chain RWAFi protocol
Financing and investment institutions: 1.2M
Woodstock, Double Peak Group, etc.
27. Noya.ai
@NetworkNoya
Positioning: Introducing Agent into a trusted protocol for multi-chain DeFi
Financing and investment institutions: Undisclosed
28. Openledger
@OpenledgerHQ
Positioning: AI-specific blockchain
Financing and investment institutions: 8M
Polychain、Borderless Capital
29. Paradex Network
@tradeparadex
Positioning: Perpetual contract exchange on Starknet with independent application chain
Financing and investment institutions: 35M
Paradigm, Jump Capital, Dragonfly
30. Portal
@PortaltoBitcoin
Positioning: Bitcoin cross-chain infrastructure without custody
Financing and investment institutions: 42.5M
Coinbase Ventures, OKX Ventures, etc.
31. Puffpaw
@puffpaw_xyz
Positioning: Crypto e-cigarette ecosystem that encourages smoking cessation
Financing and investment institutions: 6M
The Spartan Group, Lemniscap, etc.
32. Satlayer
@satlayer
Positioning: Bitcoin universal income layer
Financing and investment institutions: 8M
Hack VC, OKX Ventures
33. Sidekick
@Sidekick_Labs
Positioning: Web3 live content platform
Financing and investment institutions: Undisclosed
YZi Capital, Folius Ventures
34. Somnia
@Somnia_Network
Positioning: Focus on high-performance EVM compatible Layer1
Financing and investment institutions: Undisclosed
MSquared
35. Soul Lab
@0xSoulProtocol
Positioning: Unified liquidity layer for cross-chain currency markets
Financing and investment institutions: Undisclosed
36. Succinct
@SuccinctLabs
Positioning: Providing ZK proof infrastructure for applications @SuccinctLabs
Financing and investment institutions: 55M
Paradigm, Robot Ventures, Bankless Ventures
37. Symphony
@symphonyio
Positioning: AI-driven DeFi execution layer
Financing and investment institutions: Undisclosed
CSP DAO, Dewhales Capital
38. Theoriq
@TheoriqAI
Positioning: A system that enables Web3 Agents to collaborate efficiently
Financing and investment institutions: 10.2M
Hack VC, IOSG Ventures
39. Thriveprotocol
@thriveprotocol
Positioning: Web3 project review and funding platform supported by Polygon, ApeCoin, and Hedera
Financing and investment institutions: 100M
Polygon, ApeCoin, Hedera
40. Turtle.Club
@turtleclubhouse
Positioning: Liquidity distribution protocol
At the same time, tokens are used to reward users for providing liquidity, swaps, recommendations and other on-chain behaviors
Financing and investment institutions: 6.2M
THEIA, ConsenSys
41. Union
@union_build
Positioning: ZK-driven full-chain interoperability protocol
Financing and investment institutions: 16M
LongHash Ventures, gumi Cryptos Capital
42. Warden
@wardenprotocol
Positioning: A proprietary blockchain that quickly introduces AI Agent into on-chain applications
Financing and investment institutions: Undisclosed
43. Yeet
@yeet
Positioning: On-chain gambling game market using cryptocurrency payments
Financing and investment institutions: 7.8M
Dragonfly, Primitive Ventures
