A look at 25 "money-losing codes" that have received large amounts of financing but have not yet issued tokens
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1. Linea: $725 million
L2, focuses on creating a user-friendly platform for decentralized applications (dApps).
2. Aleo: $298 million
Aleo is a privacy-focused blockchain that enables developers to build decentralized applications using zero-knowledge proofs.
3. Monad: $244 million
Monad is a blockchain infrastructure project designed to improve the performance and scalability of centralized applications.
4. Farcaster: $180 million
Farcaster is a decentralized social networking protocol that allows users to own and control their social identities.
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.
6. Berachain: $142 million
Berachain aims to create a highly scalable and efficient ecosystem where users can maximize the returns on their assets.
7. CertiK: $141 million
Certik is a blockchain security company specializing in the auditing of smart contracts and blockchain protocols. 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 focused on providing yield mining and liquidity mining opportunities.
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.
10. Scroll: $80 million
Layer2 expansion solution, designed to increase transaction speed and reduce costs, uses rollup technology to bundle multiple transactions into a single batch, thereby enhancing the scalability of the Ethereum network.
11. Espresso Systems: $60 million
Espresso is a privacy-centric blockchain that utilizes advanced cryptography to ensure the confidentiality of transactions.
12. Zora: $60 million
Zora is an NFT marketplace that allows creators to mint, sell, and trade their digital assets.
13. Karak: $48 million
Karak offers a unique re-staking protocol that enables users to maximize their staking rewards through an innovative mechanism.
14. Movement: $41 million
Movement Labs is building a modular blockchain network based on Move, designed to enhance security, performance, and user experience.
15. Nillion: $40 million
Nillion is a decentralized, privacy-preserving network designed for secure data storage and computation.
16. XION: $36 million
Burnt launches XION, the first Layer 1 blockchain designed specifically for consumer adoption through chain abstraction.
17. Parallel Network: $29 million
Parallel is a platform that supports interoperable decentralized applications, facilitating seamless communication and data transfer between different blockchain networks.
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.
19. Particle Network: $24 million
Particle Network is a blockchain project focused on providing decentralized infrastructure for data sharing and computing.
20. http://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.
21. Layer3: $21 million
Layer3 is a platform designed to make exploring and learning about cryptocurrency fun and rewarding.
22. Hyperlane: $18 million
Hyperlane is an interoperability protocol that enables permissionless connections between blockchains. Hyperlane allows developers to easily launch modular blockchains with built-in interoperability.
23. Reya Labs: $16 million
Reya is a blockchain network focused on providing decentralized and scalable solutions. Reya aims to provide a powerful infrastructure for building and deploying decentralized applications (dApps).
24. Botanix Labs: $11 million
Botanix Labs is focused on creating sustainable blockchain solutions that promote environmental protection.
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.
