According to ChainCatcher, according to RootData's 2024 Q3 Web3 industry investment research report data, the popular TGE projects in Q4 2024 are mainly L1/L2 infrastructure, LRT and derivative DeFi, followed by Solana ecology, RWA and DePIN applications.
Monad received the highest financing and support from 8 leading institutions. It is expected to be listed on Coinbase, Binance and OKX, and the estimated selling pressure is small (32 to 2 times). Eigen received the third highest financing and support from 6 leading institutions. Its multiple after TGE is 43 to 3. Unlike the trend of tokens with higher multiples launched this year, the selling pressure is average, and the valuation and the first round of institutional unlocking are difficult to recover the cost. The projects that have received support from 4 to 5 leading institutions are Farcaster, Berachain, Scroll, Babylon, Morpho, and Movement. Among them, Scroll, Babylon, and Movement are expected to have higher multiples. They are all supported by CEXs institutions and are expected to achieve good exit liquidity under good market conditions.
Overview of popular TGE financing in Q4:
Projects with a total financing of more than $100 million include Monad, Farcaster, EigenLayer, Magic Eden, and Berachain;
Projects with funding totaling between $50 million and $100 million include Babylon, Scroll, Morpho, Eclipse;
Projects with total funding between $10 million and $50 million include Movement, Puffer, Walletconnect, Sophon;
Projects with less than $10 million in total funding include Roam, Symbiotic, deBridge, and Grass.
