Beyond the Bear Chain, a comprehensive review of popular public chain ecological projects that are about to undergo TGE

Author: shushu, BlockBeats

Last night, Berachain was launched on mainstream trading platforms, briefly breaking the $15 mark. Both bulls and bears engaged in intense trading, with a trading volume exceeding $2.2 billion in less than 24 hours. However, the price has since dropped 50% from its peak, leading many to lament that this is yet another feast for the bears.

According to Kaito's Mindshare ranking, today's top crypto projects include MegaETH, Monad, Story, Abstract, and others. These well-known projects have not yet had their TGE, and BlockBeats has compiled a list of popular projects in their ecosystems for readers' reference.

MegaETH

megaETH has just announced the launch of a new NFT series called The Fluffle, with a total of 10,000 pieces. The whitelist price is set at 1 ETH, and holders will enjoy benefits including a future 5% token allocation. However, the high pricing has drawn criticism from the community for allegedly harvesting liquidity too early, and the lack of a testnet launch has raised doubts about its delivery capabilities. Nevertheless, its ecosystem projects have been gaining increasing attention from the community. Below are some popular projects in the MegaETH ecosystem.

GTE

Global Token Exchange (GTE) is the leading trading platform in the MegaETH ecosystem. On January 17, GTE announced it raised $10 million in three rounds of financing, including $1.5 million in pre-seed funding, $6.942 million in seed funding, and $2.5 million in community funding, the latter conducted on the platform Echo, founded by crypto trader Jordan Fish (also known as Cobie).

GTE enables users to trade at optimal prices by integrating asset creation, spot, and leveraged trading functionalities. The platform also provides a fair Launchpad and Takeoff service for token issuance, ensuring users always have control over their funds while enjoying the speed and liquidity similar to centralized exchanges, all while maintaining decentralized security and transparency.

CAP Labs

CAP is a stablecoin engine that provides on-chain yields by utilizing external revenue sources such as arbitrage, MEV, and RWAs. Unlike traditional designs based on endogenous models, CAP offers flexible yield strategies, allowing users to choose the stablecoin denomination they wish to hold, with dynamic strategies continuously generating yields behind the scenes. CAP's stablecoins can be redeemed on demand and are fully decentralized, ensuring users always have control over their assets while avoiding the high risks and opacity of traditional finance. According to MegaETH team member Jin , CAP has completed a pre-seed funding round of $1.9 million.

Euphoria

Euphoria is a derivatives trading platform that aims to reconstruct the trading experience by transforming the traditional complex and serious trading process into a relaxed, social, and fun interactive form. Through its mobile-first Tap Trading platform, Euphoria allows users to participate in the market in a more intuitive and gamified way, without worrying about complex technical details.

Founders Nathan and Casey have a deep background in the crypto industry. Nathan previously founded LocalCoinSwap and accumulated extensive trading and product development experience in the crypto space before establishing DeFi Cartel and eventually founding Euphoria. Casey is an educator and business development expert in the crypto industry, fully immersing himself in DeFi after discovering it and exiting his crypto education company in 2024.

Noise

Noise is an innovative project within the MegaETH ecosystem, dedicated to building a new trading paradigm in the crypto market—"Mindshare" trading. The platform isolates the latent influencing factors of "Mindshare" from traditional market analysis, creating a tradable asset class. Users can not only trade the tokens themselves but also trade the market attention of a particular token or sector.

This mechanism provides a new analytical dimension for the market, allowing traders to trade based on fluctuations in market sentiment and attention, thereby creating entirely new investment strategies. Through this innovation, Noise may change the traditional price discovery mechanism, shifting trading from merely focusing on asset prices to the dynamics of "market mentality," bringing a more efficient and transparent pricing system to the market.

Monad

On February 4, the parallel EVM network Monad hinted that its testnet may launch within this month. Below are some currently popular projects in its ecosystem.

aPriori

aPriori is a native MEV-driven liquidity staking platform in the Monad ecosystem, aimed at optimizing Monad's network performance and user experience by developing new MEV and liquidity staking architectures. Currently, aPriori has raised a total of $10.7 million, with team members coming from high-frequency trading backgrounds, having experience at top firms like Jump Crypto, Flow Traders, and Coinbase.

aPriori proposes a new MEVA design paradigm: probabilistic valuation. This scheme employs partial block auctions, allowing builders to construct blocks from packages submitted by seekers, while validators append the remaining transactions from the public mempool. This method significantly reduces latency and maximizes compatibility with Monad's performance.

Kuru

Kuru is a fully on-chain order book platform that completed a $2 million seed round last July. With the support of the Monad blockchain, Kuru achieves high throughput and low transaction costs, enabling market makers to frequently update quotes without the burden of high fees and slow block times, thus providing better prices and lower slippage. Kuru's design optimizes the EVM environment, allowing users to create and cancel limit orders with low constant gas fees, thereby enhancing market liquidity and spreads.

Kintsu

Kintsu is a native liquidity staking protocol of Monad, attempting to solve the liquidity issues in traditional PoS staking by providing users with a more flexible and valuable staking method, allowing them to fully utilize their assets while ensuring fund safety. It completed a $4 million seed round last July.

NFT Series

The Monad ecosystem places great emphasis on building NFT culture. Below are some NFT series that have garnered community attention:

Lil Chogstar

A unique PFP NFT based on the Monad ecosystem, inspired by the mascot "Chog."

Monadverse

A highly anticipated NFT project on the Monad chain, with its core product being the Monanimals NFT series.

Monadians

A futuristic PFP NFT project led by Monad community members @barrybutterhand and @edenwagmi.

Spiky Nads

An early NFT project in the Monad ecosystem, built by @andlfthegreat, @jakxpixel, and @0xkaya_.

Story

On February 4, Story released its The Story white paper, and the mainnet is about to launch. It also initiated a new incentive campaign on Binance. Below are some popular projects in the Story ecosystem.

PiperX

PiperX is the native DEX of the Story ecosystem.

Spotlight Protocol

Spotlight is a platform that combines AI, Crypto, and meme culture, dedicated to transforming "stories" into an economy. Through Story, Spotlight makes intellectual property (IP) tradable, stakable, and self-protecting assets, addressing core issues faced by traditional meme coins, such as lack of brand power and creators not benefiting.

As a decentralized IP verification and liquidity layer, Spotlight not only provides a new economic incentive system for IP creators, token creators, and the community but also builds a unique IP governance mechanism through market trust weights. In this way, Spotlight makes meme culture a truly valuable economic engine, promoting the comprehensive development of IP on the blockchain.

Benjamin

The first AI Agent focused on DeFAI in the Story ecosystem, supported by the IP management and lending market Unleash Protocol on Story.

Abstract

On January 27, the mainnet of Abstract Chain, designed for on-chain culture and community, was launched. The project is developed by Igloo Inc., the parent company of the NFT project Pudgy Penguins, which previously acquired the on-chain creator economy platform Frame. According to community feedback, Abstract currently values user activity, with various roles having multiple ways to participate in the mainnet ecosystem. Below are some popular projects in the Abstract ecosystem.

Roach Racing Club: A gamified trading competition universe where players control cockroaches related to cryptocurrency to race for rewards.

Moonshot: A memecoin launch platform provided by DexScreener, allowing users to quickly launch fair tokens for less than $2 and receive free enhanced token listings.

Witty: A player-versus-zombie (PvZ) gaming platform where players create puzzle challenges and set rewards, inviting others to participate and earn cryptocurrency.

Multiplier: A platform focused on earning excess returns in the meme and proxy space.

Vibes TCG: A trading card game that combines digital and physical elements, officially licensed by Pudgy Penguins IP, allowing players to collect, trade, and compete with Pudgy Penguins with unique abilities and rarity to build their dream decks.

Myriad: A prediction platform where users can predict various events, including the Super Bowl, presidential elections, and memecoin market caps, and earn rewards.

Alphabot: A central lottery platform for Web3, helping users discover new projects, win allocations, and support their favorite creators.