The state of DePIN in 2025 is out.
But with adoption and growing use-cases, 2026 is the year for DePIN
Here are a few projects on our watchlist for 2026
> Large Caps :
TAO
RENDER
ICP
FIL
AIOZ
AR
> Mid Caps :
AKT
GEOD
HNT
ATH
TRAC
ZBCN
> Low Caps
PEAQ
ICNT
FLUX
ANYONE
ROVR
IAG
Which one are you backing here?
👇
2026 Airdrop Map – Perp DEXs (Tier List)
This map highlights perpetual DEXs that are most likely to launch an airdrop in 2026.
Projects are ranked by tier based on product quality, real onchain traction (volume, open interest, TVL), and the expected size of a potential .
S / A Tiers – Established platforms with sustained onchain trading, meaningful volume & OI, and clear token signals. Highest/biggest #airdrop potential.
B Tier – Strong perp DEXs at a slightly earlier stage or smaller scale, still offering attractive risk/reward.
C / D Tiers – Early or niche platforms with upside, requiring more selective and targeted farming due to limited traction or unclear token and distribution paths.
⚠️ Not financial advice. Always #DYOR
#Hyperliquid #Extended #Paradex #Variational #EdgeX #Pacifica #Ethereal #Nado #Cascade
2025 was brutal for Layer-1
Bitcoin dominance stayed elevated
Altseason indicators barely moved
Layer-1 2025 REWIND ⏪
> Key Price Moves
$APT -80%
$INJ -77%
$SEI -71%
$SUI -65%
$TAO -48%
> New Launches
$KTA
$PI
$IP
$CC
$XPL
$BERA
$PLUME
Even positive catalysts like ETFs, regulatory clarity, and institutional interest failed to lift prices meaningfully.
The market sent a clear signal.
Narratives alone were no longer enough.
• Oversaturation became impossible to ignore.
Too many L1s were competing for the same users, liquidity, and developers.
Fragmentation hurt everyone and capital concentrated instead of rotating.
• New chains struggled to justify existence.
Many launches relied on airdrops, emissions, and incentives without sustainable activity.
Validator failures, security incidents, and stablecoin issues only accelerated skepticism.
This gave rise to a harsh but necessary theme.
Altcoin elimination.
👉 Fundamental developments from popular Layer1s
While L1s suffered in price, building never stopped from some top layer-1s in the game
• SUI leaned into payments, stablecoins, and Bitcoin DeFi bridges, growing users and ecosystem depth.
• APT positioned itself as a trading-focused chain, expanding integrations and infrastructure with strong stablecoin market cap
•SOL matured institutionally, with ETF inflows, stablecoin growth, and major technical upgrades.
• SEI carved a niche across finance, RWAs, and AI-linked use cases.
• KAS improved throughput and developer participation through consensus upgrades.
• TAO stood apart by tying incentives to real AI subnet activity and supply discipline.
But still, new Layer1s are struggling after their launches.
👉 Why 2026 looks selective, not expansive
The Layer-1 trade is changing.
The market no longer rewards “new" and we need resilience, differentiation, and usage.
2026 is unlikely to be about dozens of competing L1s with a focus on Privacy
It will be about a few winners absorbing liquidity as weaker chains fade out.
Layer-1s are consolidating.
And for the first time, that is a healthy sign.