TOKEN METRICS WATCHLIST

We scored many projects this week. Here are a few you should know about:

3DOS
Cygnus Finance
Billy Bets
Walrus Protocol
Perle(Kiva AI)

Please remember that some of these projects still need our code review process. Still, we want to call them out here because they preliminarily caught our eye based on our fundamental analysis process.

3DOS- 72.38%

Sector – DePin
Status – Beta Version

The 3DOS network provides global access to manufacturing capacity and 3D printing services, enabling products to be produced locally on demand. This approach eliminates waste, reduces inventory needs, and minimizes the carbon footprint associated with international shipping. 3DOS is designed to create the most extensive and efficient connection between people and manufacturing machines, starting with developing the world’s largest decentralized 3D printing network before expanding to additional manufacturing methods.

The 3DOS network offers a seamless and efficient ecosystem for manufacturers, creators, and consumers. Manufacturers can connect their 3D printers and other manufacturing machines to the network, earning 3DOS tokens by producing high-quality products on time, whether for themselves or others. Creators can upload their designs and instantly access a global marketplace, earning royalties as their designs are manufactured. Consumers can have their preferred products produced locally on demand, with access to manufacturing capabilities in over 120 countries, reducing wait times and minimizing environmental impact.

Features

Decentralization – The network remains open and equitable, supported by both the 3DOS Foundation and an engaged community. The foundation plays a role in maintaining the decentralized manufacturing network while promoting an open-source ecosystem through the release of source code and materials for hardware and software projects.
Permissionless Access – Anyone, regardless of location, can contribute to or utilize the 3DOS network, provided they comply with fundamental guidelines. No prior approval is required.
Incentivized Participation – Contributors to the global manufacturing network receive 3DOS™, the network’s native token, enabling them to share in the economic benefits of decentralized manufacturing.

Token

The $3DOS token is a utility token designed to power a dynamic incentive system that promotes active engagement within the ecosystem. Users are rewarded with $3DOS tokens for contributing designs, leveraging manufacturing capabilities, and participating in platform governance. Manufacturers also receive incentives for making their production capacity available, fostering the expansion of the decentralized network.

The Utlity of $3DOS tokens are –

Staking – Token holders can stake their 3D printers using 3DOS tokens to enhance the network’s security and stability while earning additional rewards.
Transaction Fees – 3DOS tokens can be used for transactions within the platform, including payments for smart contract execution and other services.
Governance—Token holders participate in decentralized governance by voting on proposals and key decisions that shape the platform’s future.

Cygnus Finance- 70.95%

Sector – Infrastructure/Data Availability
Status – Active

Cygnus is the first modular real yield layer, designed to integrate non-EVM ecosystems like TON with the broader EVM landscape. Positioned as the ultimate solution for real yield, it features a yield-bearing Liquidity Validation System (LVS) that provides validation services for systems requiring decentralized verification mechanisms. Users can contribute to ecosystem liquidity security through this framework while automatically earning staking rewards, LVS fees, and additional incentives from participating networks.

The Cygnus Network’s modular architecture offers exceptional scalability for developing future zkApps within its ecosystem. It employs a modular data availability (DA) layer to enhance data accessibility and efficiency. This architecture, comprising the Data Storage Lane and Data Publishing Lane, ensures scalable and reliable data availability for various applications, including AI-powered solutions. By leveraging modular DA, Cygnus significantly reduces user transaction-related data costs.

With an infinitely scalable DA layer, Cygnus Network delivers a high-performance infrastructure at a fraction of the cost of monolithic Layer 2 solutions. Combined with Cygnus’s Universal Circuits, this ecosystem provides an optimal environment for deploying and scaling decentralized applications (dApps), particularly those requiring advanced data processing capabilities, such as AI-driven technologies.

Investor

Token

Cygnus Network is designed to thrive on on-chain activities, generating value for token holders, contributors, builders, and users:

Value Accrual for Token Holders:

Token holders benefit from the productive re-deployment of sequencer revenue and gas savings from modular DA.
Sequencer revenue and DA gas fee savings primarily fund on-chain activities and zk applications, driving demand for blockspace.

Builders and Contributors:

Builders and contributors receive direct benefits from retroactive on-chain activities funding and the markets it enables.
A symbiotic relationship emerges as a well-funded ecosystem attracts builders, fostering the growth of tools, education, apps, and infrastructure.
Revenue is distributed to ecosystem projects and public goods funding, continually incentivizing, fostering innovation, supporting early-stage projects, and driving the adoption of cutting-edge technologies in the Cygnus ecosystem.

Users and Community Members:

Ongoing ecosystem and community incentives and project incentives funded by $CYGNUS benefit users and community members.
The value extends from the advantages provided by on-chain activities and zk applications.

Revenue Generation:

Demand for $CYGNUS blockspace generates revenue.
Initial funding from the sequencer accrues to the Cygnus Foundation for redistribution.
Future funding may accrue directly to the protocol by selling participation rights in Cygnus’s decentralized sequencing network.

Billy Bets- 70.48%

Sector – AI Agents
Status – Active
FDV – $10M

Billy Bets is an autonomous AI agent designed to transform the sports betting experience through advanced analytics and real-time decision-making. By leveraging SportsTensor intelligence, SportsData.io data, and behavioral insights from top-performing bettors, Billy provides precise, data-driven betting recommendations. This enables users to access critical insights and trends tailored to their preferred games, enhancing their overall betting strategy.

With its sophisticated analytical capabilities, Billy not only equips users with the information needed to make informed betting decisions but also autonomously places bets through on-chain betting platforms. The AI agent possesses extensive knowledge of sports and sports history, including team rivalries, prominent teams and players, and culturally significant events in the sports world.

Billy Bets is more than just a research tool—it is designed to embody the persona of a seasoned sports betting sharp. Unlike traditional betting agents, Billy combines a deep knowledge of sports and sports history with an understanding of team rivalries, popular teams and players, and culturally significant moments in sports. Billy’s personality reflects an extroverted nature, a high tolerance for risk, and a bold, humorous approach to betting.

Token

The $BILLY token is the native asset within the Billy Bets ecosystem, providing access to premium features and a direct link to the platform’s trading performance through a structured buyback mechanism. It is designed to play a key role in the future operations of the BillyBets Sportsbook while enabling governance participation over select platform parameters. Through its buyback mechanism, the token’s value is directly tied to Billy Bets’ autonomous betting strategies. This allows $BILLY holders to benefit from the platform’s success without placing their bets. Whenever Billy Bets secures a successful wager, 50% of the profits are allocated toward repurchasing $BILLY tokens, reinforcing the token’s value within the ecosystem.

Walrus Protocol- 69.52%

Sector – Decentralized Storage
Status – Mainnet soon

Walrus Protocol is a decentralized storage and data availability solution built on the Sui blockchain. It is specifically designed to handle large binary files, such as videos, images, and PDFs, securely, efficiently, and cost-effectively. Walrus minimizes storage overhead by utilizing a decentralized network of storage nodes while preserving data integrity and availability. The protocol seamlessly integrates with the Sui blockchain to manage coordination, proof of data availability, and payment transactions. This combination makes Walrus a robust, scalable, and cost-effective solution suitable for various applications.

In the Walrus Protocol, several key components collaborate to provide a decentralized storage and data availability solution. Users, akin to library patrons, are individuals or applications that store and retrieve files within the system. Storage Nodes function as the data custodians, storing strategically distributed file fragments to ensure redundancy and facilitate efficient data recovery. The Sui Blockchain is the central coordinator, comparable to a library’s management system, overseeing file storage organization, transaction processing, and overall system efficiency.

Features

Decentralized Storage: Walrus leverages a distributed architecture by storing data across multiple nodes, eliminating dependence on a single central server. This decentralized approach enhances both data security and availability.
Cost Efficiency: Walrus optimizes storage costs by utilizing techniques such as erasure coding. Instead of replicating entire files, it fragments data into smaller pieces and distributes them across multiple nodes. This ensures efficient data reconstruction in case of node failures while minimizing storage overhead.
High Availability and Reliability: The Walrus Protocol guarantees continuous data accessibility, even under adverse conditions. By replicating data across a subset of nodes, it enhances reliability, availability, and resilience against censorship.
Epoch-Based Operations: The network operates in predefined time intervals known as epochs. During each epoch, a designated committee of storage nodes manages and stores data. This structured approach enhances network efficiency and ensures a clear distribution of responsibilities among nodes.

Token

$WAL is the native token of the Walrus Protocol, used for prepaid, fixed-rate storage payments, protecting users from price fluctuations. Contracts are non-cancelable, ensuring stability while allowing future price reductions without disrupting existing agreements. Security is reinforced through delegated staking, where users stake $WAL to support the network, even without operating storage nodes. Nodes compete for stake, influencing data allocation, and earn rewards or face penalties based on performance. Governance is driven by $WAL staking, enabling nodes to adjust system parameters and enforce penalties for underperformance, ensuring network efficiency and reliability.

Perle(Kiva AI) – 65.71%

Sector – Artificial Intelligence/Data
Status – Not yet live

Perle addresses the most complex data labeling challenges by combining expert knowledge with advanced machine learning tools. This enables AI to learn faster, more efficiently, and with exceptional accuracy. Perle’s expert-in-the-loop approach integrates cutting-edge AI with specialized domain expertise in fields such as linguistics, medicine, and science. With a global network of professionals spanning over 70 countries, the platform ensures high-quality data annotation, optimizing model performance and providing businesses with a competitive advantage. Achieving superior AI outcomes starts with the right expertise. Perle connects organizations with top industry professionals and equips them with the necessary tools, training, and fair compensation. This approach ensures that quality and productivity are seamlessly aligned, setting AI projects up for success from the outset.

Features

Expert level Domain – Perle offers expert human data annotation, ensuring AI models learn from the most qualified sources. Perle enhances multi-modal AI models with precise, expert-driven feedback by leveraging a vetted global network of domain experts across STEM, legal, healthcare, and linguistics fields. This approach optimizes data quality, enabling AI systems to improve more efficiently. The right expertise makes all the difference in accelerating AI intelligence.
Accelerating Innovation with Speed – Speed is a critical factor in AI development. Perle’s modular approach allows for the rapid creation and adaptation of custom solutions, eliminating the inefficiencies of one-size-fits-all models. With agile and flexible solutions, organizations can accelerate AI advancements without sacrificing quality—because in AI, speed is just as crucial as precision.
Quality as the Foundation for Innovation – Innovation is built on trust, and trust begins with quality. Perle’s advanced quality control measures ensure precision while optimizing time and budget efficiency. High-quality data is not just about accuracy—it is about creating a reliable foundation for AI-driven advancements.
A Future-Ready AI Partner – As AI technology evolves rapidly, Perle’s modular solutions are designed to scale and adapt to emerging industry needs. Continuous feature updates and service enhancements ensure organizations remain ahead of the curve. Perle is committed to being a long-term AI data partner, providing the adaptability and reliability needed for today, tomorrow, and the future.