"Wu Shuo Blockchain" compiled: 25 projects that may issue coins in the second half of the year

The first half of 2024 has passed, and new stars such as Starknet ($STRK), Etherfi ($ETHFI), Doge Hat Coin ($WIF), and Notcoin ($NOT) have been born in the market, making many investors who invested early have gained a lot. And in the second half of the year, what other potential projects may be issued?

The team of the well-known cryptocurrency media "Wu Shuo Blockchain" recently compiled a list of potential large-scale TGE projects in the second half of 2024 (note). TGE means token generation event, which simply means issuing coins.

The list of "Wu Shuo Blockchain" lists a total of 25 projects, with financing amounts and major investors. Colin Wu, editor-in-chief of the media, said: "You can create an interactive boutique account to see if there are any airdrop benefits."

Note: "Wu Shuo Blockchain" stated that the table is only the team's prediction and does not mean that coins will be issued.

From the chart information, we can roughly observe the following two key points:

1.Layer1 project financing scale is the largest

The top five projects with larger financing scale are: Monad, Aleo, Magic Eden, Berachain and Hashkey, with the highest financing amount reaching US$244 million.

Among them, Monad, Aleo and Berachain are all public chain projects (Layer 1), focusing on parallelism, zero-knowledge proof privacy, and proof of liquidity (PoL) innovative technologies respectively, which means that the underlying blockchain protocol is still the focus of venture capital investment.

2. There are many new narratives, but no AI

The 25 projects focus on diverse tracks, including NFT platforms, chain games, centralized exchanges, Bitcoin ecosystem, modularization, data availability layer (DA), liquidity staking and re-staking, etc., but there is no AI track. Potential new projects are included in the list.

As can be seen from the chart, institutions actively investing in new projects include Paradigm, Binance Labs, Jump Crypto, etc., and the venture capital arm of the bankrupt exchange FTX also has residual traces.

The re-pledge project has attracted much attention

The above list also includes several emerging Liquidity Staking (LSD) and Re-Staking projects. Since this year, the staking track has attracted much attention, and the re-staking track has attracted a large amount of lock-up funds. Ignas, a well-known DeFi researcher, has repeatedly stated that he is optimistic about the potential of re-pledge because it increases the market demand for on-chain income and Ethereum.

But he also pointed out that although the vision of Active Verification Service (AVS) behind re-pledge may attract retail investors who are familiar with blockchain technology, it is still unattractive to most retail investors and is a game belonging to giant whales.

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Potential currency issuance projects are worth looking forward to, but beware of institutional withdrawals

Although the financing scale of the above-mentioned potential currency issuance projects is large, it seems to be profitable. However, the currency circle foreign media "BeInCrypto" also pointed out that some venture capital institutions may withdraw their investment after the invested projects appreciate in value and realize returns.

In the currency circle, divestment can also be carried out through the issuance of tokens. Although it is difficult to quantify, clues can be seen from the token economics of the project.

Anonymous cryptocurrency researcher Flow recently pointed out that more than 80% of new tokens listed on Binance have fallen sharply in the past six months, and these tokens are all backed by top venture capital institutions and have high fully diluted valuations ( FDV) characteristics.

Flow said: "The new tokens listed on Binance are no longer investment tools. All their upside potential has been deprived. Retail investors lack high-quality early investment opportunities, and instead become opportunities for project insiders to withdraw from liquidity."

Image source: X/tradetheflow_
Researcher Flow notes that Binance’s new coin is being stripped of its upside potential

[Disclaimer] There are risks in the market, so investment needs to be cautious. All opinions and analyzes in this article are for reference only. Users should refer to more diverse indicators to judge whether to invest, and consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.