Crypto Assets Project Evolution Trend Analysis

In order to study the development trends of current Crypto Assets projects, we analyzed 43 projects that have not yet conducted a token generation event (TGE). Through this data, we discovered some interesting trends and gained a general understanding of the main directions and evolution trends of current Crypto Assets projects. Here are the 8 small trends we summarized:

1. Artificial Intelligence Becomes the Hottest Track

Among all projects, those related to artificial intelligence account for as much as 25.5%, totaling 11. These projects demonstrate diversified development and can be mainly divided into three categories: AI proprietary blockchain, decentralized AI(DeFi Agent), and AI infrastructure.

Among them, the AI dedicated blockchain projects received the largest amount of financing and had the highest number. The top three projects in terms of financing amounts raised $75 million, $32.5 million, and $29 million respectively.

2. Layer 1 blockchain projects are still popular, showing trends of high performance and verticalization.

The share of layer one blockchain projects is 23.2%, second only to AI-related projects. These projects mainly include:

• High-performance Layer 1 Blockchain: 3
• A layer of blockchain customized for AI: 6
• Dedicated data layer one blockchain: 1

3. Full Chain Applications Become a New Trend

A total of 8 projects in the full-chain infrastructure and application category account for 18.6%. These projects include a Web3 operating system that supports multi-chain deployment, a customized Rollup platform, an all-in-one multi-chain financial platform, and a programmable multi-chain liquidity network.

4. Reduction of General Layer 2 Solutions, Rise of Vertical Layer 2 Solutions

We found that general-purpose layer two solutions have almost disappeared, replaced by some vertical domain layer two solutions, such as:

• Layer 2 solutions supporting EVM and SVM
• Layer 2 solutions focused on the DeFi ecosystem
• High-performance Ethereum Layer 2 solution that can process computing tasks in parallel.

5. The number of Bitcoin ecosystem projects has significantly decreased

There are only 4 Bitcoin-related projects, including:

• Provide BTC earnings from Bitcoin ZK-Rollup
• Introduce BTC into multi-chain DeFi protocols
• Non-custodial Bitcoin cross-chain infrastructure
• Bitcoin Universal Yield Layer

6. Zero-Knowledge Proof Technology is Still in the Infrastructure and Technical Service Stage

There are a total of 3 projects related to zero-knowledge proofs, mainly focused on the infrastructure and technology services sectors:

• General ZK protocol built on RISC Zero
• Provide the infrastructure for ZK proofs for applications
• Provide ZK support for the full-chain interoperability protocol

7. The traditional track projects have significantly decreased and are showing a trend of marginalization.

GameFi, SocialFi, DID, Depin and other tracks that were highly regarded in the last wave of enthusiasm have seen a significant decrease in number in this survey:

• Only 1.5 GameFi projects
• 1 SocialFi project
• 1 DID project
• 1 Depin project

These once popular tracks are gradually waning, once again reflecting the strong cyclicality of the Crypto Assets industry.

8. The Three Highest Financing Tracks

The three tracks with the highest financing amounts are Layer 1 blockchain, artificial intelligence, and full-chain applications, which basically represent the main development trends of current Crypto Assets projects:

1. The highest funding amount is for a high-performance layer one blockchain project, raising $224 million.
2. The second highest is an AI proprietary blockchain project, which raised 75 million dollars.
3. The third highest is an all-in-one multi-chain financial platform, raising $65.3 million.

Summary

Through the analysis of these 43 unreleased token projects, we found that both layer one and layer two blockchains are showing a vertical trend, with significant financing concentrated in the vertical layer one and layer two blockchain sectors. AI blockchain has become the hottest track, while the full chain is the mainstream trend of blockchain and applications. Meanwhile, many traditional tracks are gradually declining, and a new round of Crypto Assets cycle is forming.