After studying 43 Pre-TGE projects on Kaito, we found the current development trends of Crypto projects.

Author: BCH Alpha researcher @cyrus_g3

To study the evolution trends of current Crypto projects, we need some currently active projects that have not yet undergone TGE as research subjects. Therefore, we analyzed the Pre-TGE projects on the InfoFi platform @KaitoAI as the foundational data.

From the 43 Pre-TGE projects, we discovered some interesting data and roughly observed the mainstream direction and evolution trends of current Crypto projects. In the end, we summarized 8 small trends, which will be introduced one by one below. At the end of the article, we have attached basic information on the 43 Pre-TGE projects.

1. The most crowded racetrack belongs to AI.

A total of 11 projects, accounting for as much as 25.5%, are:

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

@symphonyio, @TheoriqAI, @wardenprotocol

AI track projects are diversifying, mainly including: AI proprietary Layer 1 blockchain, DeAI ( DeFi Agent, and AI infrastructure in three major categories.

The largest amount of financing and the most numerous is the "AI dedicated Layer 1 blockchain project", with the top 3 financing amounts being

@0G_labs 75M

@AlloraNetwork 32.5M

@campnetworkxyz 29M

2. The Layer 1 blockchain sector remains lively, showing trends of high performance and verticalization.

A total of 10 Layer 1 blockchain projects account for as much as 23.2%, second only to AI-related projects.

High-performance Layer 1, a total of 3

@FogoChain @monad_xyz @Somnia_Network

Layer 1 customized for AI, a total of 6

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

@OpenledgerHQ, @wardenprotocol

Dedicated Data Class Layer 1: Total 1

@irys_xyz

3. Full-chain applications are becoming a trend.

There are a total of 8 projects in the full-chain infrastructure and application category, accounting for 18.6%.

Support multi-chain deployment of dApps on Web3 OS: @anoma,

Customized Rollup platform, seamlessly achieving cross-chain interoperability @Calderaxyz

One-stop multi-chain financial platform: @infinex

Programmable Multi-Chain Liquidity Network @MitosisOrg

A multi-chain yield protocol supporting multiple asset types @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. The general Layer 2 has almost disappeared, and the trend of vertical Layer 2 is beginning to emerge.

Layer 2 supporting EVM and SVM: @EclipseFND

Focus on DeFi ecosystem Layer2: @katana @tradeparadex

High-performance Ethereum L2 capable of parallel processing computing tasks: @megaeth_labs

5. Bitcoin ecological projects still exist, but their numbers have significantly decreased, with a total of 4.

Provides BTC yield with Bitcoin ZK-Rollup @GOATRollup

Introducing BTC into multi-chain DeFi protocols @Lombard_Finance

Non-custodial Bitcoin cross-chain infrastructure @PortaltoBitcoin

Bitcoin Universal Yield Layer @satlayer

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

Universal ZK protocol built on RISC Zero @boundless_xyz

Infrastructure for providing ZK proofs for applications @SuccinctLabs

Provide ZK support for the full-chain interoperability protocol @union_build

7. Classical tracks such as GameFi, SocialFi, DID, and Depin have significantly decreased and are showing a trend of marginalization.

Among the 42 projects we researched: only 1.5 GameFi projects, one of which is the multiplayer online on-chain farming adventure game @LumiterraGame. The other is the on-chain gambling game market @yeet that uses cryptocurrency for payments, which can be considered half a GameFi.

A SocialFi project combined with Meme Launchpad @MemeX_MRC20

A human fingerprint-based DID protocol @Humanityprot

A Depin project that utilizes idle computing power for mining @theblessnetwork

GameFi, SocialFi, DID, and Depin, which were once very popular in the last cycle, are gradually declining, once again showcasing the strong cyclicality of the Crypto industry.

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

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

The project with the highest financing amount is the high-performance Layer 1 blockchain project @monad_xyz, which raised a total of 224M.

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

The project with the second highest financing amount is the AI proprietary blockchain project @0G_labs, which raised a total of 75M.

Supported by leading institutions such as Hack vc, Delphi Digital, and OKX Ventures.

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

Supported by leading institutions such as Wintermute, Framework Ventures, and Solana Ventures.

Summary

From the research of 42 Pre-TGE projects on @KaitoAI, we have summarized 8 small trends. It is generally observed that both Layer 1 and Layer 2 are showing a verticalization trend, with a significant amount of financing concentrated in the vertical categories of Layer 1 and Layer 2. AI blockchain is one of the hottest tracks, while the full chain is the mainstream trend of chains and applications. A large number of classical tracks are gradually fading, and a new round of the Crypto cycle is emerging.

Here are all the details of 42 Pre-TGE projects, sorted from A to Z:

1、0G

@0G_labs

Positioning: Decentralized AI Layer 1

Financing and investment institutions: 75M. Hack vc, Delphi Digital, 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 for mining using idle computing power

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

5、Boundless

@boundless_xyz

Positioning: A general ZK protocol built on RISC Zero

Financing and Investment Institutions: 54M Blockchain Capital, Fenbushi Capital

6, Caldera

@Calderaxyz

Positioning: Customized Rollup platform with 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: Layer 2 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: Financial entertainment platform on the app side based on Hyperliquid

Financing and Investment Institutions: 4M Dewhales Capital, Morph, Orange DAO, etc.

11、 GOAT Network

@GOATRollup

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

Financing and investment institutions: undisclosed

12、Humanity Protocol

@Humanityprot

Location: DID protocol based on palm print recognition

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

13、hyperbolic

@hyperbolic_labs

Positioning: On-demand AI cloud computing power 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

Location: Programmable Data Chain

Financing and Investment Institutions: 8.7M

Framework Ventures, Lemniscap

16、Katana

@katana

Positioning: Focused on Layer 2 blockchain for 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: A multiplayer online on-chain farming adventure game

Financing and investment institution: Not disclosed

19、Megaeth

@megaeth_labs

Positioning: High-performance Ethereum L2 capable of parallel processing computing tasks.

Financing and investment institution: 20M

Dragonfly, Robot Ventures, etc.

20、MemeX

@MemeX_MRC20

Positioning: A platform that integrates SocialFi, Meme, and Launchpad.

Financing and investment institutions: 7M

Memecore etc.

21, Mira

@Mira_Network

Positioning: Cross-validating AI output on proprietary blockchain

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 Layer 1 compatible with EVM

Financing and Investment Institutions:244M

Paradigm, Dragonfly, Wintermute, etc.

24、MultiBank.io

@multibank_io

Positioning: Cryptocurrency Compliance Exchange

Financing and investment institutions: undisclosed

25、Multipli.fi

@multiplifi

Positioning: A multi-chain yield 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 the trusted protocol of multi-chain DeFi.

Financing and investment institutions: undisclosed

28, Openledger

@OpenledgerHQ

Positioning: AI Exclusive Blockchain

Financing and investment institutions: 8M

Polychain, Borderless Capital

29、Paradex Network

@tradeparadex

Positioning: A perpetual contract exchange on Starknet, featuring an independent application chain.

Financing and investment institutions: 35M

Paradigm, Jump Capital, Dragonfly

30, Portal

@PortaltoBitcoin

Positioning: Non-custodial Bitcoin cross-chain infrastructure

Financing and investment institutions: 42.5M

Coinbase Ventures, OKX Ventures, etc.

31、puffpaw

@puffpaw_xyz

Positioning: Crypto e-cigarette ecosystem that incentivizes smoking cessation

Financing and investment institutions: 6M

The Spartan Group, Lemniscap, etc.

32、Satlayer

@satlayer

Positioning: Bitcoin Universal Yield Layer

Financing and Investment Institutions: 8M

Hack VC, OKX Ventures

33、Sidekick

@Sidekick_Labs

Positioning: Web3 live streaming content platform

Financing and Investment Institutions: Not Disclosed

YZi Capital, Folius Ventures

34, Somnia

@Somnia_Network

Positioning: Focus on high-performance EVM-compatible Layer 1

Financing and investment institutions: Not disclosed

MSquared

35, Soul Lab

@0xSoulProtocol

Positioning: A 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 for efficient collaboration of Web3 Agents

Financing and Investment Institutions: 10.2M

Hack VC, IOSG Ventures

39、Thriveprotocol

@thriveprotocol

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

Financing and Investment Institution: 100M

Polygon, ApeCoin, hedera

40, Turtle.Club

@turtleclubhouse

Positioning: Liquidity Allocation Protocol

At the same time, reward users with tokens for providing liquidity, swaps, referrals, and other on-chain activities.

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 for quickly integrating AI Agents 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