TOKEN METRICS WATCHLIST

This week, we’ve spotlighted several standout ventures in a crowded market, emerging as promising opportunities through rigorous fundamental analysis. While our in-depth code reviews are still in progress, these projects have already caught our attention. We invite you to take an exclusive first look at these exceptional opportunities as we continue to explore their potential. Stay tuned for more insights!

Symbiotic – 68.575%

Sector – Restaking
Status – Active
TVL – $1.26B

Symbiotic is a restaking protocol that empowers new decentralized networks and applications to enhance their security through a shared security mechanism, enabling users to compound their interest rewards. It employs a flexible and modular approach to restaking. It prioritizes maximizing capital efficiency, providing a scalable architecture, and offering customizable security agreements without excessive governance or permission layers. With Symbiotic, networks maintain complete control over their staking and restaking processes by enabling direct deposits of any ERC-20 token.

Features

Modular Design: Symbiotic features a highly flexible and modular architecture, supporting restaking with various ERC-20 tokens, not just stETH. This provides users with a broader range of options.
Customizable Rewards and Slashing: Symbiotic networks can fully customize punishment and reward mechanisms. The adaptable restaking logic allows networks to adjust to evolving requirements seamlessly.
Permissionless: Symbiotic’s immutable core contracts offer builders choice and control over shared security agreements without unnecessary governance, slashing committees, or permission layers.
Open: Symbiotic ensures maximum capital efficiency by sourcing node operators and economic security through an extendable collateral base and scalable architecture.

Investors

Spectral – 64.50%

Sector – AI
Status – Active

The Spectral platform features a unique engineering orchestration that enables agents to communicate with blockchain infrastructure, facilitating autonomous code generation and deployment. Spectral (SPEC) thus combines advanced AI capabilities with seamless blockchain integration. Spectral is a decentralized platform offering two core products: Spectral Nova and Spectral Syntax.

Spectral Nova provides access to inferences from AI and machine learning model computations, integrating these insights into blockchain smart contracts and applications. Spectral Syntax is a generative AI tool that produces smart contract programming code in the Solidity language based on textual prompts.

SYNTAX, the flagship product, officially launched in March this year, captivating the Web3 community by introducing a robust system for generating and deploying smart contracts and fully orchestrated AI agents. Notable agents like MoonMaker and TestMachine are now live on SYNTAX. MoonMaker conducts on-chain operations, while TestMachine checks for Solidity vulnerabilities.This system has facilitated the creation of some of the first on-chain AI agents in Web3. SYNTAX MoonMaker enables users to generate code for launching their own meme coin projects, encompassing contract deployments, liquidity provisioning, and website deployment, all within minutes. Over 1,000 memecoins launched using MoonMaker are actively trading on Uniswap. SYNTAX TestMachine assists developers, builders, and users scan for vulnerabilities and identify smart contract fixes, enhancing security against known exploits.

Investors

Token

The $SPEC token functions as a governance token, allowing community stakeholders, including users building Agents on Spectral Syntax and Solvers and Creators on Spectral Nova, to participate in network administration. This inclusive approach promotes collective decision-making and reduces the influence of centralized entities. On Spectral Syntax, users who stake $SPEC gain enhanced Agent creation and monetization rights. The staking requirement ensures the creation of purposeful Agents on the network and deters the creation of malicious Agents. On Spectral Nova, Validators, who play a critical role in validating Solvers’ submissions and maintaining challenge integrity, must stake $SPEC as collateral. This requirement incentivizes Validators to act with integrity, as any misbehavior or malicious actions could result in the forfeiture of their staked tokens.

Where can you buy the token?

You can buy $SPEC from exchanges like Bybit, BingX and Gate.io.

Aimelia Network – 60.42%

Sector – AI
Status – Active

Amelia transforms the supply chain of personalized AI agents by fostering decentralized, transparent, and rewardable internet work. Aimelia.network addresses a critical issue in AI: the need for transparency and trust. Traditional AI systems often produce reliable results with explanation, making them suitable for sustainable business applications. Amelia.network leverages explainable AI (XAI) to ensure that AI decision-making is transparent and understandable, providing the necessary infrastructure for the long-term, continuous improvement of AI projects.

The platform enhances the coevolution of AI agents through transparent bounty games, where participants stake tokens and compete to solve tasks defined by generative AI or community members. The resulting prize pool is fairly distributed among developers, task creators, users, and Degens after winners are announced. Additionally, the AI agents’ inference processes are fully auditable on-chain, enabling other AI agents to learn and improve.

PredX – is the first decentralized application (DApp) built on Aimelia. This innovative platform combines a decentralized evaluation protocol with a high-stakes prediction market. Leveraging years of expertise in building explainable AI systems, PredX ensures that agent inference paths are recorded on-chain. The platform encourages AI agents to learn from each other through game theory and embraces artificial general intelligence (AGI) with comprehensive social evaluation.

Investors

Token

Aimelia Network supports two tokens: $AIME and $AILP.

$AIME, an ERC20 governance token, offers revenue-sharing capabilities and benefits like reduced transaction fees and enhanced agent information processing. It ensures collective decision-making, reducing centralized influence. Uses of $AIME include voting on platform fees, staking for event creation and validation, appealing results, accessing exclusive data, and subscribing to AI services. $AIME holders share 20% of the platform’s revenue and can exchange it for $AILP for specific event revenue sharing.

$AILP, an ERC1155 event-specific token, is distributed to task creators, data vendors, and validators based on contributions. Staking $AIME is required to obtain $AILP, which disincentivizes malicious behavior. $AILP holders share up to 80% of event-specific revenue, incentivizing maintenance of the Remix Arena’s functionality.

GOAT Network- 60.42%

Sector – BTC L2
Status – Not yet launched

The GOAT Network is a BTC Rollup integrated with the Entangled Rollup Network, which functions as a unified liquidity provider across various Layer 1 blockchains through a universal settlement layer. The Entangled Rollup utilizes ZKM’s infrastructure and repurposes the validity proof of Rollup transaction batches as the L2-to-L1 bridge transaction receipt, allowing destination chains to easily verify and complete bridge transactions.

The GOAT Network introduces the GOAT-OCP to enhance the security of its consensus and finality layers, reducing the honest assumption from n-of-n to 1-of-n, significantly improving the security of existing Bitcoin L2s. It is the first Bitcoin L2 to introduce a Decentralized Sequencer and secure the consensus layer using a Bitcoin Locking/Slashing mechanism. With these capabilities, GOAT Network aims to be the most decentralized Bitcoin scaling solution. The decentralized sequencer is essential for achieving the GOAT Network’s liveness, fairness, and resistance to censorship. These sequencers create an open market that enables participants to earn sustainable revenue in BTC and GOAT tokens.

Decentralized sequencers create an open market for earning sustainable revenue in BTC and GOAT tokens. This revenue can be tokenized for trading and generating additional returns. BTC holders can lock their BTC on Layer 1 to mint goatBTC on the GOAT BTC Layer 2, where it can be used for yield generation.

Solayer – 60.42%

Sector – BTC L2
Status – Not yet launched
TVL – $159M

Solayer is developing a restaking network natively on Solana, leveraging the platform’s economic security and superior execution capabilities as decentralized cloud infrastructure. This approach allows application developers to achieve a higher degree of consensus and customized blockspace.

Solayer employs a two-pronged strategy to achieve its goals. First, it utilizes the economic security of SOL for restaking, thereby securing additional systems. Second, it implements a Shared Validator Network centered around Solana and benefits from its security and infrastructure.

The overarching aim of Solayer is to enhance on-chain decentralized applications (dApps) by improving network bandwidth while securing the Layer 1 blockchain. By doing so, Solayer seeks to provide dApps on Solana with a greater likelihood of obtaining block space and ensuring transaction inclusion.

Yield & Liquidity – Users can earn multiple streams of yield through various mechanisms, including native SOL staking, MEV-boost, and AVS yield. Additionally, they benefit from instant liquidity with yield-bearing liquid sSOL when restaked, which can be utilized across all DeFi protocols.