Since 2022, the public chain projects that have launched on Binance (excluding Ethereum L2) have mostly experienced long periods of fluctuations and declines. Emerging public chain projects such as Sui, Sei, NTRN, TIA, ALT, AXL, W, Saga, TAO, Omni, Lumia, SCR, Kaia, APT, BB, and Manta mostly went through a wave of increases from 2023 to early 2024, followed by several months of consolidation.
New public chains are always a hot topic in the market, as this is a cyclical narrative that occurs every four years. For example, OMNI, supported by Jump Investment, and ALT experienced a washout phase after being listed on Binance, and there have also been some recent rebounds.
Looking ahead, with the upcoming Trump four years and a loose monetary policy, there may be new “Solana” or “INJ” emerging among these emerging public chains. Continuous attention to these projects is very necessary, as they have the potential to become the next breakout point.
Additionally, as more second-tier exchanges go live and public chain projects are launched, focusing on those with solid fundamentals and potential is also a good investment strategy.
