TOKEN METRICS WATCHLIST

Every week, Token Metrics highlights emerging opportunities across the blockchain industry, covering everything from infrastructure innovations to decentralized platforms. While some of these projects are still pending our thorough code review process, we are excited to highlight them due to their initial promising potential, as identified through our fundamental analysis.

Clearpool – 64.58%

Sector – Lending/Borrowing
Status – Active
TVL – $80M

Clearpool is an innovative Decentralized Finance (DeFi) ecosystem that facilitates a permissionless marketplace for unsecured institutional liquidity. The platform enables institutions to raise short-term capital through permissionless single-borrower pools and a permissioned, institutional-grade platform for wholesale borrowing and lending of digital assets. Clearpool connects institutional borrowers with individual lenders, who contribute their digital assets to single-borrower pools. Each lender retains complete control over their lending decisions and risk exposure by reviewing borrower profiles. By providing unsecured institutional liquidity to higher-risk borrower pools, lenders can benefit from higher interest rates and greater returns.

Features

Clearpool Prime
Clearpool Prime allows borrowers to create collateral-free pools and invite specific lenders, who review borrower profiles to assess risk and investment value.

Bridge
The CPOOL Bridge enables token transfers across supported blockchains, including Ethereum and Polygon, enhancing liquidity in the ecosystem.

Permissionless Access
The platform connects whitelisted financial institutions with those needing crypto financing through permissionless pools for verified borrowers and lenders.

Crypto Lending
Clearpool facilitates crypto lending via single-borrower pools, where risk is assessed based on borrower profiles and credit market conditions.

Oracles & Staking
Clearpool Oracle network sets interest rates for permissionless pools, and users can stake CPOOL tokens to earn yields and contribute to securing the interest rate mechanism.

Investors

Token

CPOOL functions as both the utility and governance token for the Clearpool Protocol. Token holders can earn yields through delegated staking with Clearpool Oracles. Liquidity Providers who contribute to borrower pools are rewarded with additional CPOOL tokens, in addition to the USDC interest paid by borrowers, ensuring that Clearpool’s lending yields remain among the most competitive in the industry. This incentivizes liquidity provision and supports the protocol’s growth. As the protocol expands, revenues are generated and used to repurchase CPOOL tokens on the open market. These repurchased tokens are either deposited into the rewards pool for future redistribution as LP/staking rewards or burned. Buybacks occur quarterly on randomized dates.

Where can you buy the token?

You can buy $CPOOl from exchanges like Bybit, Kucoin and Uniswap V3(Ethereum).

Morpho – 64.58%

Sector – Lending/Borrowing
Status – Active

Morpho is a decentralized and non-custodial lending protocol specifically designed for the Ethereum Virtual Machine (EVM). It aims to offer efficient, secure, and permissionless lending markets that outperform existing platforms by providing better rates, higher collateralization factors, and lower gas costs.

The protocol employs a peer-to-peer matching mechanism for loans, enabling it to achieve a 100% capital utilization rate, which translates to more favorable rates for both borrowers and lenders. When a peer-to-peer match is not available, the loan is matched with liquidity from underlying lending pools to ensure seamless transactions.

Morpho features two primary versions: Morpho Blue and Morpho Optimizers. Morpho Blue is dedicated to creating highly efficient lending markets, whereas Morpho Optimizers focuses on enhancing lending and borrowing rates through its sophisticated peer-to-peer matching algorithm.

Features

Trustless and Efficient Lending: The protocol enables trustless lending with permissionless market creation, ensuring security and efficiency.
Formally Verified and Audited Code: Morpho’s code base is simple, formally verified, immutable, and audited by top security firms.
Better Rates and Lower Costs: Offers improved lending rates, higher collateralization factors, and significantly cheaper gas costs compared to existing platforms.
Diverse Asset Markets: Supports lending markets for any asset with configurable parameters, allowing for diverse risk exposures.

Token

The Morpho Token (MORPHO) is the governance token for the Morpho Protocol, managed by the Morpho DAO through a weighted voting system based on token holdings. MORPHO holders can vote on smart contract deployment, fee switch activation, front-end decentralization, and DAO Treasury management. Token distribution is expected to rise with ongoing and future rewards programs. Early contributors received MORPHO tokens converted from Morpho Early Contributor Tokens (MECT), initially allocated to Morpho Labs’ contributors, independent researchers, and advisors.

Zulu Network-60.42%

Sector – Bitcoin L2
Status – Testnet

Zulu Network is the first Bitcoin Layer 2 solution to achieve Bitcoin-level security through BitVM2, enabling developers to deploy decentralized applications (dApps) seamlessly across both EVM and UTXO layers. It introduces an innovative two-tiered architecture for Bitcoin, utilizing BitVM and Zero Knowledge Proofs (ZKPs) to expand the blockchain’s capabilities.

Zulu prime – ZuluPrime offers EVM compatibility, enabling the seamless migration of Ethereum-based dApps and smart contracts to enhance DeFi functionalities on Bitcoin. It uses zk-STARK proofs for scalable and efficient block verification while maintaining security and privacy. A dedicated Layer 2 network verifies these proofs before submission to the Bitcoin network, ensuring fast and cost-effective validation. Additionally, transaction data is stored on specialized networks like Celestia or EigenLayer, improving scalability and availability without overloading the Bitcoin network.

ZuluNexus – ZuluNexus features a hybrid virtual machine that supports both UTXO and Account asset types, broadening the scope for smart contract applications and fostering innovative development. It provides advanced smart contract capabilities on Bitcoin, extending the blockchain’s functionality beyond its original design. Additionally, ZuluNexus ensures cross-layer interoperability with a seamless bridge connecting ZuluPrime and ZuluNexus, allowing for effortless asset transfers and interactions between the layers.

Investors

Token

The $ZULU token powers the Zulu Network, serving as the native token for both ZuluPrime and ZuluNexus, with a 1:1 swap bridge between them. With a total supply of 1 billion tokens, $ZULU is used for governance, staking, transaction fees, and as native liquidity and collateral within the ecosystem. Token holders can delegate holdings to collators or stake $ZULU to operate their own collators, enhancing network security. The circulating supply is managed through the ZULU bridge, which locks and unlocks tokens as liquidity flows between networks. Future transparency efforts will include a dashboard displaying metrics, and all contracts will be verified and published on-chain.

NodeAI- 60.42%

Sector – Artificial Intelligence
Status – Active

Node AI is an innovative decentralized platform designed to democratize access to GPU and AI resources. By leveraging blockchain technology, it creates a secure and transparent ecosystem where users can participate in various activities. Users can rent AI nodes, lend GPU power, stake tokens for revenue, and integrate AI functionalities into their operations. This platform empowers individuals and organizations to engage with and benefit from cutting-edge AI capabilities in a streamlined and efficient manner.

Features

Revenue Sharing: Participants can earn a share of the platform’s profits by staking $GPU tokens, encouraging both participation and investment.

AI Nodes Rental: This feature enables users to rent AI servers equipped with advanced GPU technology on a monthly basis, increasing the accessibility of AI resources.

GPU Power Lending: GPU owners can lend their unused hardware in exchange for $GPU tokens, creating opportunities for passive income.

On-Demand Nodes: AI servers are available for hourly rental, meeting the needs of users with intermittent AI processing requirements and ensuring efficient resource utilization.

Stake and Earn ETH: By staking their GPU, participants receive ETH rewards proportional to the amount of GPU tokens staked and the ation of the staking period.

Token

GPU is the native token of the Node AI ecosystem, serving multiple purposes including staking to earn rewards, incentivizing node providers, and renting nodes on the network. Transactions involving the purchase or sale of GPU incur a 4% tax, allocated as follows: 2% for GPU expansion and maintenance, 1% for marketing, and 1% for the revenue-sharing pool. The total supply of GPU tokens is capped at 100 million.

Where can you buy the token?

$GPU can be brought from exchanges like Uniswap V3(Ethereum) and BingX.

Zircuit – 60.42%

Sector – Layer 2
Status – Mainnet Phase I
TVL – $1.9B

Zircuit is an advanced AI-enabled modular zk-rollup, leveraging cutting-edge Layer 2 technology research. It ensures user protection at the sequencer level by monitoring the mempool for malicious transactions, thereby preventing their inclusion in blocks. Unlike conventional security measures that concentrate on the application and smart contract levels, Zircuit’s innovative approach addresses security directly at the sequencer level.

Features

Pioneering Research: In the past year and a half, Zircuit has led groundbreaking research in rollup security tooling, rollup compression, and scaling cryptography, earning multiple L2 research grants from the Ethereum Foundation.

Sequencer-Level Security: Zircuit protects users by monitoring the mempool for malicious transactions, preventing their inclusion in blocks. This approach addresses security directly at the sequencer level, unlike traditional methods focusing on applications and smart contracts.

Secure Native Bridge: Zircuit’s native bridge infrastructure combines top-tier security architecture with user-friendly design, ensuring maximum security.

Enhanced Performance: By decomposing circuits and aggregating proofs, Zircuit achieves greater efficiency and lower costs, enabling faster and cheaper transactions through larger batches and accelerated proof processing.

Ethereum Compatibility: Zircuit supports all major Ethereum applications, including wallets like MetaMask and tools like Hardhat, allowing seamless deployment of Ethereum dApps without new programming languages or frameworks.

Investors

Token

The specifics of the token utility have yet to be disclosed and will be revealed closer to the Token Generation Event (TGE). The token distribution schedule is designed to support various aspects of the project’s growth and community engagement. It allocates 7.00% to the Season 1 Airdrop and 14.00% for future airdrops and community rewards. Additionally, 12.61% is reserved for community and launch pools, while 17.93% is dedicated to ecosystem development. The foundation receives 18.70%, and the team is allocated 18.74%. Finally, 11.02% is designated for investors.