Author: The Smart Ape, Crypto KOL
Compiled by: Felix, PANews
Crypto KOL The Smart Ape has taken stock of the projects that have completed financing but have not yet issued tokens, as shown below (5 of them have already issued tokens).
1. Linea: $725 million
Linea is an L2 blockchain project focused on creating a user-friendly platform for decentralized applications (dApps). It aims to provide developers with tools to build scalable and efficient dApps, thereby enhancing the overall user experience in the crypto space.
Related reading: In the ever-increasingly involutionary Layer2 track, can ConsenSys lead Linea to break through?
2. Aleo: $298 million
Aleo is a privacy-focused blockchain that enables developers to build decentralized applications using zero-knowledge proofs. Aleo allows for secure and private transactions, ensuring that users’ data remains confidential while maintaining transparency and trust in the network.
Related reading: Aleo, the privacy public chain led by a16z, has confirmed the airdrop, and its interactive strategy is at a glance
3. Monad: $244 million
Monad is a blockchain infrastructure project that aims to improve the performance and scalability of centralized applications. Monad focuses on providing developers with a powerful and efficient platform to build and deploy dapps, focusing on speed and reliability.
Related reading: A step-by-step guide to ambush the airdrop: Monad and Polymer Labs
4. Farcaster: $180 million
Farcaster is a decentralized social networking protocol that allows users to own and control their social identities. Farcaster aims to provide a platform where users can communicate and share content without relying on centralized entities, ensuring greater privacy and freedom.
Related reading: Farcaster received $150 million in financing despite low user numbers. Is this a trap set by VCs for LPs?
5. Magic Eden: $160 million
MagicEden is an NFT marketplace on the Solana blockchain. MagicEden provides a platform for artists, creators, and collectors to buy, sell, and trade NFTs, creating a vibrant ecosystem for digital art and collectibles.
Related reading: Grabbing Bitcoin Ecosystem Traffic, Magic Eden Lands on the Market Leader
6. Berachain: $142 million
Berachain is a cutting-edge decentralized finance (DeFi) platform that integrates advanced blockchain technology to provide a wide range of financial services, including lending and yield farming. Berachain aims to create a highly scalable and efficient ecosystem where users can maximize their asset returns.
Related reading: Interview with Smokey The Bera, co-founder of Berachain: How the innovative PoL public chain solves the liquidity problem, and may be launched in a few months
7. CertiK: $141 million
Certik is a blockchain security company specializing in the auditing of smart contracts and blockchain protocols. Certik provides security solutions to ensure the security and integrity of blockchain projects, helping to prevent vulnerabilities and exploits.
Note: CertiK launched the token CTK in 2020, and upgraded it to Shentu Chain Token (CTK) in 2021. Currently, the introduction of CTK has been deleted from the CertiK official website.
8. Babylon: $96 million
Babylon is a decentralized finance (DeFi) platform that focuses on providing yield mining and liquidity mining opportunities. Babylon aims to provide users with higher returns on crypto assets by optimizing the yield strategies of various DeFi protocols.
Related reading: Babylon explained: How to unlock the security value of Bitcoin?
9. Fuel: $81 million
Fuel is a high-performance blockchain network designed to provide scalable and low-cost transactions. Fuel focuses on optimizing throughput and reducing fees, making it suitable for applications that require fast and economical transactions.
Related reading: With the mainnet launch imminent, how will Fuel stir up the L2 battle?
10. Scroll: $80 million
Scroll is a Layer 2 scaling solution for the Ethereum blockchain that aims to increase transaction speeds and reduce costs. Scroll leverages rollup technology to bundle multiple transactions into a single batch, thereby enhancing the scalability of the Ethereum network.
Related reading: TVL exceeds 800 million US dollars, setting a new record. How to use high-quality accounts to interact with Scroll?
11. Espresso Systems: $60 million
Espresso is a privacy-centric blockchain that leverages advanced cryptography to ensure the confidentiality of transactions. Espresso aims to provide users with a secure and private environment to conduct transactions and interact with decentralized applications.
Related reading: From concept to reality: How does Espresso achieve L2 expansion through shared sorting?
12. Zora: $60 million
Zora is an NFT marketplace that allows creators to mint, sell, and trade their digital assets. Zora is focused on giving artists and creators greater control, allowing them to effectively monetize their work.
Related reading: After zkSync, here are 10 potential airdrops this year
13. Karak: $48 million
Karak provides a unique re-staking protocol that enables users to maximize their staking rewards through innovative mechanisms. Karak aims to simplify and optimize the staking process and provide a safe and efficient solution for users to participate in DeFi activities.
Related reading: Karak, the new staking star, emerges, will launch a vampire attack on Eigenlayer? (with interactive tutorial)
14. Movement: $41 million
Movement Labs is building a modular blockchain network based on Move, designed to enhance security, performance, and user experience. Movement's flagship product, M2, is a Layer2 rollup for Ethereum that leverages the Move virtual machine (originally from Facebook) to improve efficiency and throughput, achieving speeds of over 145,000 TPS.
Related reading: A new interpretation of Movement’s public chain: How does “introducing Move into EVM” reshape Ethereum and Move?
15. Nillion: $40 million
Nillion is a decentralized, privacy-preserving network designed for secure data storage and computing. Nillion enables users to share and process data without revealing the actual data, leveraging cryptography to maintain privacy and security throughout the network.
Related reading: A quick look at the first 13 graduated projects from Web3 accelerator Beacon
16. XION: $36 million
Burnt launched XION, the first Layer 1 blockchain designed for consumer adoption through chain abstraction. XION simplifies the Web3 experience by removing technical barriers, providing powerful protocol-level abstractions for accounts, signatures and gas abstractions, and seamless mobile support.
Related reading: Is XION aiming to rewrite the technical narrative of the blockchain network?
17. Parallel Network: $29 million
Parallel is a platform that supports interoperable decentralized applications, facilitating seamless communication and data transfer between different blockchain networks.
Related reading: Blast Ecosystem Lending Protocol Pac Finance is caught in a “liquidation” storm, and its sister project ParaSpace once staged an internal fight
18. Puffer Finance: $24 million
Puffer is a DeFi protocol that provides financial services such as lending and yield mining, focusing on high returns and secure investments.
Related reading: Dialogue with Puffer: How can LRT attract top capital such as Binance Labs and Franklin to invest in it under the internal circulation of LRT?
19. Particle Network: $24 million
Particle Network is a blockchain project that focuses on providing decentralized infrastructure for data sharing and computing. Particle aims to achieve secure and efficient data transactions, using blockchain technology to ensure privacy and integrity.
Related reading: Messari: How does the modular L1 Particle Network tell a good “universal” chain abstract narrative?
20. LI.FI: 23 million USD
LIFI is a multi-chain liquidity aggregation protocol that supports exchange by aggregating bridges and DEX aggregators from more than 20 networks.
Related reading: Analyzing the current status of the aggregator track: What are the advantages of Li.Fi?
21. Layer3: $21 million
Layer3 is a platform designed to make exploring and learning about cryptocurrency fun and rewarding. Through interactive tasks, users can collect CUBES to complete tasks, collate their on-chain achievements and unlock rewards.
Related reading: Layer3 Foundation to announce L3 token economics details next week
22. Hyperlane: $18 million
Hyperlane is an interoperability protocol that enables permissionless connectivity between blockchains. Hyperlane allows developers to easily launch modular blockchains with built-in interoperability, facilitating seamless communication and data transfer between different blockchain ecosystems.
Related reading: Introducing two airdrop projects worth paying attention to: Hyperlane and Pontem
23. Reya Labs: $16 million
Reya is a blockchain network focused on providing decentralized and scalable solutions. Reya aims to empower developers and users by providing a powerful infrastructure for building and deploying decentralized applications (dApps), enhancing the accessibility and usability of blockchain technology.
Related reading: How does Reya Network, which is supported by Coinbase, Wintermute and other institutions, build a modular L2 optimized for transaction scenarios?
24. Botanix Labs: $11 million
Botanix Labs is focused on creating sustainable blockchain solutions that promote environmental protection. By leveraging blockchain technology, Botanix aims to support green initiatives and ensure transparency and trust in environmental projects.
Related reading: Dialogue with Botanix Labs founder: Analyzing the first fully decentralized EVM equivalent L2 on Bitcoin
25. Nubit: 11 million USD
Nubit is able to expand Bitcoin’s data capacity without compromise, powering applications such as Ordinals, Layer2, Price Oracles, and Indexers, thereby expanding the scope and efficiency of the Bitcoin ecosystem.
Related reading: The first DA layer on Bitcoin, a brief analysis of Nubit’s architecture and highlights
