The next big paradigm shift is the world moving on-chain (self custody crypto)
Just like the transition from everyone living offline to living online
The transition happens slowly and then all at once
Binance shows that BTC has broken through $72,000 and ETH has broken through $3,600. In the past 24h, the entire network has experienced a liquidation of $148 million, of which short positions have been liquidated at $103 million.
Just went to Base to check out the coins. Bruh why is everything Blue? Why does adding 'Based' to a coin make it special? Where funny? Where dopamine?
Added a bag of $mfer to feel something and it hasn't moved in about 27 mins. My last dopamine moleculte committed sudoku.
💎 15 (!) Billion $$$ FDV tokens likely to launch in the next 3 months 💎
✦ @eigencloud
General purpose layer for programmable trust that lets anyone bootstrap a decentralized network and run arbitrary programs. The most significant launch since Ethereum itself. With over $12B in TVL, this one will probably go to $30-50B FDV very quickly.
✦ @AvailProject
Modular DA layer that employs ZK proof based data availability sampling performed by a light clients to scale throughput elastically. However, Avail is more than DA. It is a coordination layer for verifiable computation. Will rival the valuation of Celestia easily.
✦ @zksync
Validity (ZK) rollup on Ethereum that functions as a Volition (users can choose between off- and on-chain DA) with support for native account abstraction and a zkEVM implementation that optimizes for scalability rather than EVM equivalence but is EVM compatible. Easy $10-20B FDV.
✦ @monad_xyz
Parallel EVM L1 that combines Solana-style speed & cost with the EVM to reduce the friction to the largest dev/user/liquidity pool. Insane community hype. Will probably reach valuations of some of the more popular alt-L1 chains or L2s, so we're potentially talking double-digit billions on the FDV.
✦ @berachain
Cosmos SDK based L1 that pioneers Proof of Liquidity and is focused on degen/DeFi use cases. Running an EVM called Polaris EVM. Very strong on community / hype. Could see this be valued similar to Monad. Technologically inferior but the power of the meme is real.
✦ @LayerZero_Labs
The transportation layer of Web3 and one of the leading interoperability protocols on the market. $W launch set a good precedent and I think $ZRO will probably be valued even higher (more adoption). So $10-20B FDV definitely possible.
✦ @EclipseFND
A Sealevel VM (SVM) rollup on Ethereum with @CelestiaOrg underneath. Combines the parallel transaction execution that enables @solana's scalablity with the battle-tested security of Ethereum and the abundant block space on Celestia. Think $MANTA could be a good initial comparable here, but personally I believe this will be absolutely huge.
✦ @Gasp_xyz
This is my main AVS bet. We're heading into a bull market driven by @eigencloud season. @Gasp_xyz is fully non-custodial omni-chain trading infrastructure built on @eigencloud that enables native asset swaps across chains and allows users to trade entirely gas-free. Especially as it will likely also find adoption as a settlement layer for intent-based trading systems, I think Gasp will capture a lot of volume and generate a lot of revenue. This will drive the hype that it already has, considering it is among the leading @eigencloud-based AVS projects on the market. Will go into the billions.
✦ @KelpDAO@Ether_fi set the precedent with a >$5B FDV right out of the gates. The restaking ecosystem on @eigencloud is insanely hyped and that wil translate into face-melting valuations. As one of the top 5 protocols, $KELP will surely make it to $1-3B FDV or even beyond.
✦ @renzoai
Same case as for @KelpDAO. Due to the higher TVL numbers, $RENZO might be valued closer to @Ether_fi though. But restaking (token launch) season will print many millionaires.
✦ @puffer_finance
As above. Billions.
✦ @ionet
The largest decentralized GPU network in the world and the only solution that is able to handle AI/ML workloads. This will be the DePIN backbone of decentralized AI and the basis for an entire ecosystem of blockchain-based AI/ML applications. Recently raised $30M at a $1B FDV and will surely rival the @rendernetwork FDV (which is a supplier to IO) quickly. Will probably even go much higher.
✦ @babylon_chain
Amid @eigencloud season, many seem to be overlooking @babylon_chain. This is basically the @eigencloud of Bitcoin and allows $BTC to be staked and be used as a staking asset in crypto-economic models of PoS chains. This makes the idle capital that sits in BTC usable in PoS systems and allows networks to easily bootstrap crypto-economic security, which can be hard in the beginning (see Cosmos app-chains). Built on the Cosmos SDK, Babylon itself acts as a coordination layer for staked $BTC capital and will be the basis of an entire ecosystem of applications, ranging from (re)staking protocols to "Babylon AVS".
✦ @EspressoSys
The leading shared sequencing network recently announced a huge funding round and is likely gearing up for a token launch. Shared sequencing is a game-changer for the modular world and not only provides pooled crypto-economic security and decentralization as a service, but also powerful atomic composability across rollup ecosystems. Espresso also has a built-in DA layer and will likely rival projects like @CelestiaOrg or @Wormhole in terms of FDV.
✦ @Curvance
A modular money market built on @wormhole. Natively multichain and providing unique functionality. Basically selling shovels in a gold rush considering the modular multichain future is composed of a broad spectrum of diverse execution layers that introduce friction and fragment users & liquidity. @Curvance overcomes this, providing key DeFi infrastructure to builders and a seamless multichain UX to users.
15 projects and there are more... Way more...
Which one are you most bullish on anon? 👀
Disclaimer: NFA and just some thoughts, not deep research. Cheers chads! 🥂