Introduction to Potential Projects to be Launched in Q2 of this Year
This article, written by The DeFi Investor, introduces some potential projects that will be launched in the second quarter of this year. The article is compiled, organized, and written by TechFlow.
Summary:
In the previous article titled “Understanding ‘Traffic’: Seven Years of Experience Teaching You to Find Potential Projects in a Bull Market,” the author discussed the performance of new tokens during bull markets. Tokens like $ALT, $JUP, $FLT, and $ENA, which were recently launched, have shown impressive performance.
Based on this, the author believes it is worth paying attention to upcoming token launches in the second quarter. The following is a list of projects that the author is interested in, along with a brief description of each project.
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LayerZero Labs:
LayerZero is undoubtedly the most popular cross-chain interoperability protocol. After raising $120 million in funding at a valuation of up to $3 billion in just one year, the protocol is finally preparing to launch its token. As confirmed by the team in December 23, 2023, the release of the LayerZero token will take place in the first half of 2024. Considering the huge valuation of the Wormhole token, one of LayerZero’s biggest competitors, I expect the valuation of the LayerZero token to exceed $20 billion upon its launch.
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TFM:
TFM is an integrated terminal in the Cosmos ecosystem. It is essentially a super aggregator on Cosmos, with four real-time professional trading products: Pro Trade (DEX aggregator), IBC Swap (cross-chain exchange solution), NFT aggregator, and limit orders. The $TFM token is planned to be launched in April, and the team has stated that $TFM will implement a revenue sharing model.
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EigenLayer:
EigenLayer is a highly successful re-staking protocol, attracting over $11 billion in Total Value Locked (TVL) in less than a year. The mainnet launch of EigenLayer has been confirmed to take place in the coming weeks, which will be a good time for token distribution. However, the official release date for $EIGEN has not been announced yet.
1intro:
1intro is an advanced DEX and liquidity bootstrapping platform launched on Solana. It will be Solana’s first Liquidity Bootstrapping Pool (LBP) platform. LBP is a mechanism designed for fair token distribution and price discovery. By using LBP, new projects can raise funds and sell tokens at a fair price determined by demand. Since 1intro is building both a DEX and LBP, its goal is to become an integrated platform on Solana. The token distribution event is expected to take place at some point in the coming weeks.
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Eclipse:
Eclipse is Ethereum’s first L2 supported by the Solana Virtual Machine. The project recently raised $50 million in funding from investors such as Polychain Capital and Delphi Ventures. Eclipse aims to provide a best-of-both-worlds solution by combining Ethereum’s high security with Solana’s high scalability. The L2 is expected to launch on the mainnet in early 2024, and the token generation event may occur shortly after.
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NATIX Network:
Natix is described as the first AI-enhanced dynamic mapping powered by DePIN. In simple terms, the project encourages users to map their surrounding environment. The collected data will then be used for smart city and mobility applications. To collect this data, NATIX implements a “drive to earn” model. To earn rewards, users simply need to download the app and keep it in detection mode while driving. So far, the project’s community has accumulated over 10 million kilometers driven. The Natix token is planned to be launched in the second quarter of 2024.
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SYMMIO:
SYMMIO is building new trading tools that support leveraged trading for any asset. It adopts an intention-centric design that allows builders and market makers to issue on-chain derivatives with deep liquidity. Explaining how it works behind the scenes is a bit complex, but in simple terms, for every PartyA requesting a trade, there will be a PartyB responding, and both parties provide collateral to execute the trade. Due to its design, SYMMIO can support hundreds of trading pairs. SYMMIO does not operate its own frontend, but many projects have already built frontends on top of SYMMIO, including IntentX, THENA, and basedmarkets. The token launch for SYMMIO may take place in the second quarter.
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zkSync:
zkSync needs no introduction as it is one of the top Ethereum Layer 2 solutions. The founder of zkSync recently stated, “This makes me believe that the launch of zkSync token is very close.”
IntentX:
IntentX is the largest decentralized OTC perpetual exchange built on SYMMIO. The protocol supports over 260 trading pairs with deep liquidity, and its average daily trading volume is $15 million. The token distribution event has been confirmed to take place immediately after IntentX is deployed on Mantle.
Interestingly, IntentX will be the first project to support Ethena’s $USDe stablecoin as collateral for leveraged trading on Mantle. The multi-chain deployment of IntentX on Mantle may happen in the next few weeks.
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io.net:
Ionet is a decentralized cloud computing service built on Solana, aiming to provide AI engineers with access to decentralized cloud clusters at a fraction of the cost of centralized services. With Ionet, you can rent GPUs or obtain computational power at a lower cost. The project recently announced partnerships with industry-leading companies such as Render Network and Filecoin. The token distribution event will take place on April 28.
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Swell:
Swell is the largest tokenless liquidity staking protocol. Recently, the protocol also released its own liquidity staking solution, and later this month, it will launch its own Ethereum L2. Swell’s L2 will be supported by the Polygon SDK and will offer native staking rewards. Interestingly, L2 is built in collaboration with Altlayer and EigenDA, both well-known companies in the industry. According to the Swell team, the token generation event will take place in April.
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Related Reports:
– Ethereum “Liquidity Staking Track” Regains Attention? A Review of Five Potential Projects Yet to be Launched
– Binance Labs Investment Review: Potential Projects Yet to be Launched
– Beginner’s Guide to Mining Hundredfold Coins: 9 Handy Tools to Identify Potential Projects