Author: ABC Alpha researcher @cyrus_g3

In order to study the evolution trend of current Crypto projects, we need some currently active projects that have not yet TGE as research objects. Therefore, we used the Pre-TGE projects on the InfoFi platform @KaitoAI as basic data for analysis.

We found some interesting data from the 43 Pre-TGE projects, and also roughly saw the mainstream direction and evolution trend of the current Crypto projects. In the end, we sorted out 8 small trends, which will be introduced one by one below. The basic information of the 43 Pre-TGE projects is attached at the end of the article.

1. The most crowded track is AI

There are 11 projects in total, accounting for 25.5%, namely:

@0G_labs, @AlloraNetwork, @campnetworkxyz, @hyperbolic_labs, @Mira_Network, @Novastro_xyz, @NetworkNoya, @OpenledgerHQ

@symphonyio, @TheoriqAI, @wardenprotocol

AI track projects are developing in a diverse manner, mainly including three categories: AI-specific Layer1 blockchain, DeAI (DeFi Agent), and AI infrastructure.

Among them, the largest amount of financing and the largest number of projects are "AI-specific Layer1 blockchain projects", and the top three financing amounts are:

@0G_labs 75M

@AlloraNetwork 32.5M

@campnetworkxyz 29M

2. The Layer 1 blockchain track is still lively, and shows a trend of high performance and verticalization

There are 10 Layer 1 blockchain projects in total, accounting for 23.2%, second only to AI projects.

High-performance Layer 1, 3 in total

@FogoChain @monad_xyz @Somnia_Network

Layer 1 customized for AI, 6 in total

@0G_labs, @AlloraNetwork, @campnetworkxyz, @Mira_Network

@OpenledgerHQ, @wardenprotocol

Dedicated data class Layer1: 1 in total

@irys_xyz

3. Full-chain application becomes a trend

There are 8 full-chain infrastructure and application projects, accounting for 18.6%

Web3 OS that supports multi-chain deployment of dApps: @anoma,

Customized Rollup platform and seamless cross-chain interoperability @Calderaxyz

One-stop multi-chain financial platform: @infinex

Programmable multi-chain liquidity network @MitosisOrg

Multi-chain yield protocol supporting multiple types of assets @multiplifi

AI-driven multi-chain RWAFi protocol @Novastro_xyz

Unified liquidity layer for cross-chain currency markets @0xSoulProtocol

ZK-driven full-chain interoperability protocol @union_build

4. General Layer 2 is disappearing, and vertical Layer 2 is emerging

Layer2 supporting EVM and SVM: @EclipseFND

Focusing on Layer2 of DeFi ecosystem: @katana @tradeparadex

High-performance Ethereum L2 that can parallelize computational tasks: @megaeth_labs

5. Bitcoin ecosystem projects still exist, but the number has been greatly reduced, with a total of 4

Bitcoin ZK-Rollup that provides BTC yields @GOATRollup

Bringing BTC to multi-chain DeFi protocols @Lombard_Finance

Bitcoin cross-chain infrastructure without custody @PortaltoBitcoin

Bitcoin Universal Yield Layer @satlayer

6. ZK track is still in the infrastructure and technical service stage, a total of 3

A general ZK protocol built on RISC Zero @boundless_xyz

Providing ZK proof infrastructure for applications @SuccinctLabs

Providing ZK support for full chain interoperability protocols @union_build

7. Classic track projects such as GameFi, SocialFi, DID, and Depin have been greatly reduced and are showing a marginalization trend

Among the 42 projects we surveyed: only 1.5 GameF projects, one of which is the multiplayer online on-chain Farm adventure game @LumiterraGame. Another is the on-chain gambling game market @yeet that uses cryptocurrency payments, which is half of GameFi;

1 SocialFi project integrated with Meme Launchpad @MemeX_MRC20

1 DID protocol based on human palm prints @Humanityprot

1 Depin project that uses idle computing power for mining @theblessnetwork

GameFi, SocialFi, DID, and Depin, which were once very popular in the last cycle, have gradually declined, once again showing the strong cyclicality of the Crypto industry.

8. The tracks with the highest financing amounts are Layer1, AI, and full chain

These three tracks basically represent the main development trends of current Crypto projects

The top project in terms of financing amount is the high-performance Layer1 blockchain project @monad_xyz, which has raised a total of 224M

Supported by leading institutions such as Paradigm, Dragonfly, Wintermute, etc.

The top 2 project in terms of financing amount is the AI-specific blockchain project @0G_labs, which has raised a total of 75M

Supported by leading institutions such as Hack vc, Delphi Digita, OKX Ventures, etc.

The top 3 project in terms of financing amount is the one-stop multi-chain financial platform @infinex, which has raised a total of 65.3M

Backed by Wintermute, Framework Ventures, Solana Ventures and other leading institutions

Summarize

From the survey of 42 Pre-TGE projects on @KaitoAI, we have summarized 8 small trends. We can roughly see that both Layer 1 and Layer 2 are showing a vertical trend. A large amount of financing is concentrated at the vertical Layer 1 and Layer 2 levels. AI blockchain is the hottest track, and the full chain is the mainstream trend of chains and applications. A large number of classic tracks are gradually declining, and a new round of Crypto cycle is emerging.

The following is the complete information of 42 Pre-TGE projects, sorted by AZ:

1.0G

@0G_labs

Positioning: Decentralized AI Layer1

Financing and investment institutions: 75M. Hack vc, Delphi Digita, OKX Ventures, etc.

2. Allora

@AlloraNetwork

Positioning: Self-evolving AI Layer1 blockchain

Financing and investment institutions: 32.5M Polychain, Coinfund, Blockchain Capital, etc.

3. Anoma

@anoma

Positioning: Web3 OS that supports multi-chain deployment of dApps

Financing and investment institutions: 57.8M Polychain, Electric Capital, etc.

4. Bless

@theblessnetwork

Positioning: Depin project that uses idle computing power for mining

Financing and investment institutions: 8M NGC, MH Ventures, etc.

5. Boundless

@boundless_xyz

Positioning: General ZK protocol built on RISC Zero

Financing and investment institutions: 54M Blockchain Capital, Fenbushi Capital

6. Caldera

@Calderaxyz

Positioning: Customized Rollup platform, seamless cross-chain interoperability

Financing and investment institutions: 24M Founders Fund, Dragonfly, Sequoia Capital

7. Campnetwork

@campnetworkxyz

Positioning: Layer 1 blockchain built for AI and IP

Financing and investment institutions: 29M 1Kx, Blockchain Capital, etc.

8. Eclipse

@EclipseFND

Positioning: Layer2 supporting SVM on Ethereum

Financing and investment institutions: 65M Placeholder, Polychain, etc.

9. Fogo

@FogoChain

Positioning: High-performance millisecond-level Layer 1 blockchain

Financing and investment institutions: 13.5M Distributed Global, CMS Holding, etc.

10. Hana

@HanaNetwork

Positioning: Hyperliquid-based app-based financial entertainment platform

Financing and investment institutions: 4M Dewhales Capital, Morph, Orange DAO, etc.

11. GOAT Network

@GOATRollup

Positioning: Bitcoin native ZK-Rollup @GOATRollup that can provide BTC returns

Financing and investment institutions: Undisclosed

12. Humanity Protocol

@Humanityprot

Positioning: DID protocol based on palmprint recognition

Financing and investment institutions: 50M Pantera Capital, Jump Crypto, etc.

13. Hyperbolic

@hyperbolic_labs

Positioning: On-demand AI cloud computing platform

Financing and investment institutions: 50M Variant Fund, Polychain

14. Infinex

@infinex

Positioning: One-stop multi-chain financial platform

Financing and investment institutions: 65.3M

Wintermute, Framework Ventures, Solana Ventures, etc.

15. Irys

@irys_xyz

Positioning: Programmable data link

Financing and investment institutions: 8.7M

Framework Ventures, Lemniscap

16. Katana

@katana

Positioning: Layer2 blockchain focusing on defi

Financing and investment institutions: for disclosure

Polygon Labs, GSR

17. Lombard

@Lombard_Finance

Positioning: Introducing BTC into multi-chain DeFi protocols

Financing and investment institutions: 17M

Ploychain, YZi Labs, DAO5, etc.

18. Lumiterra

@LumiterraGame

Positioning: Multiplayer online Farm adventure game on the chain

Financing and investment institutions: Undisclosed

19. Megaeth

@megaeth_labs

Positioning: High-performance Ethereum L2 that can process computing tasks in parallel

Financing and investment institutions: 20M

Dragonfly, Robot Ventures, etc.

20. MemeX

@MemeX_MRC20

Positioning: A platform integrating SocailFi, Meme, and Launchpad

Financing and investment institutions:7M

Memecore etc.

21. Mira

@Mira_Network

Positioning: A proprietary blockchain for cross-validating AI outputs

Financing and investment institutions:7M

Framework Ventures, Bitkraft Ventures, etc.

22. Mitosis

@MitosisOrg

Positioning: Programmable multi-chain liquidity network

Financing and investment institutions:7M

Foresight Ventures, GSR, Amber Group

23. Monad

@monad_xyz

Positioning: High-performance Layer1 compatible with EVM

Financing and investment institutions: 244M

Paradigm, Dragonfly, Wintermute, etc.

24. MultiBank.io

@multibank_io

Positioning: Crypto compliant exchange

Financing and investment institutions: Undisclosed

25. Multipli.fi

@multiplifi

Positioning: Multi-chain income protocol supporting stablecoins, tokens, RWA and other assets

Financing and investment institutions: Undisclosed

Pantera, Sequoia Capital, etc.

26. Novastro

@Novastro_xyz

Positioning: AI-driven multi-chain RWAFi protocol

Financing and investment institutions: 1.2M

Woodstock, Double Peak Group, etc.

27. Noya.ai

@NetworkNoya

Positioning: Introducing Agent into a trusted protocol for multi-chain DeFi

Financing and investment institutions: Undisclosed

28. Openledger

@OpenledgerHQ

Positioning: AI-specific blockchain

Financing and investment institutions: 8M

Polychain、Borderless Capital

29. Paradex Network

@tradeparadex

Positioning: Perpetual contract exchange on Starknet with independent application chain

Financing and investment institutions: 35M

Paradigm, Jump Capital, Dragonfly

30. Portal

@PortaltoBitcoin

Positioning: Bitcoin cross-chain infrastructure without custody

Financing and investment institutions: 42.5M

Coinbase Ventures, OKX Ventures, etc.

31. Puffpaw

@puffpaw_xyz

Positioning: Crypto e-cigarette ecosystem that encourages smoking cessation

Financing and investment institutions: 6M

The Spartan Group, Lemniscap, etc.

32. Satlayer

@satlayer

Positioning: Bitcoin universal income layer

Financing and investment institutions: 8M

Hack VC, OKX Ventures

33. Sidekick

@Sidekick_Labs

Positioning: Web3 live content platform

Financing and investment institutions: Undisclosed

YZi Capital, Folius Ventures

34. Somnia

@Somnia_Network

Positioning: Focus on high-performance EVM compatible Layer1

Financing and investment institutions: Undisclosed

MSquared

35. Soul Lab

@0xSoulProtocol

Positioning: Unified liquidity layer for cross-chain currency markets

Financing and investment institutions: Undisclosed

36. Succinct

@SuccinctLabs

Positioning: Providing ZK proof infrastructure for applications @SuccinctLabs

Financing and investment institutions: 55M

Paradigm, Robot Ventures, Bankless Ventures

37. Symphony

@symphonyio

Positioning: AI-driven DeFi execution layer

Financing and investment institutions: Undisclosed

CSP DAO, Dewhales Capital

38. Theoriq

@TheoriqAI

Positioning: A system that enables Web3 Agents to collaborate efficiently

Financing and investment institutions: 10.2M

Hack VC, IOSG Ventures

39. Thriveprotocol

@thriveprotocol

Positioning: Web3 project review and funding platform supported by Polygon, ApeCoin, and Hedera

Financing and investment institutions: 100M

Polygon, ApeCoin, Hedera

40. Turtle.Club

@turtleclubhouse

Positioning: Liquidity distribution protocol

At the same time, tokens are used to reward users for providing liquidity, swaps, recommendations and other on-chain behaviors

Financing and investment institutions: 6.2M

THEIA, ConsenSys

41. Union

@union_build

Positioning: ZK-driven full-chain interoperability protocol

Financing and investment institutions: 16M

LongHash Ventures, gumi Cryptos Capital

42. Warden

@wardenprotocol

Positioning: A proprietary blockchain that quickly introduces AI Agent into on-chain applications

Financing and investment institutions: Undisclosed

43. Yeet

@yeet

Positioning: On-chain gambling game market using cryptocurrency payments

Financing and investment institutions: 7.8M

Dragonfly, Primitive Ventures

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