TOKEN METRICS WATCHLIST
We scored many projects this week. 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.
Anyone Protocol – 71.90%
Website | X(Twitter)
Sector – DePin
Status – Active
The Anyone Protocol is a foundational DePIN (Decentralized Physical Infrastructure Network) designed to provide seamless privacy and data control for mainstream internet applications, supported by on-chain incentives and specialized hardware. Unlike traditional VPN solutions that rely on central authorities, the protocol offers trustless privacy through a decentralized network of nodes that privately route user traffic. By utilizing an SDK, the protocol enables any application to connect to its network effortlessly, enhancing privacy without disrupting user experience.
At the core of the Anyone Protocol is its DePIN privacy layer, a traffic-routing network employing multi-hop VPN tunnels. Through onion routing—a method that encrypts each packet multiple times—the network ensures that no individual node or destination site can deduce a user’s requests. This eliminates the need to trust a central entity with sensitive internet activity.The network operates on an innovative incentive model powered by Proof-of-Uptime, a consensus metric that rewards node operators with tokens based on the bandwidth they provide. This approach addresses capacity challenges faced by traditional solutions and creates an accessible opportunity for individuals to earn cryptocurrency by contributing bandwidth. Furthermore, the Anyone Protocol delivers its privacy solutions universally. Developers can integrate its SDK into existing applications, enabling traffic to be routed through the privacy layer seamlessly. Users can also run the protocol locally, toggling existing apps like browsers or games to automatically route traffic through the network, maintaining a user-friendly and private online experience.
Token
The $ANYONE token is the Anyone Protocol’s utility token, facilitating access, control, and incentivization within the network. It encourages network participants to engage in valuable actions by distributing tokens as rewards. The $ANYONE token plays a key role in value accrual for the protocol, functioning as both an access and payment token, while also requiring a lock for running a relay. As the network becomes more decentralized, $ANYONE will increasingly contribute to network management. It is specifically used to incentivize relay operators who contribute bandwidth and computing power. An initial reward pool of 10,000,000 tokens—representing 10% of the total supply—has been set aside to support the network’s growth.
Where can you buy the token?
$Anyone can be brought from exchanges like MEXC, KuCoin, XT.com etc
Spexi – 70.98%
Website | X(Twitter)
Sector – DePin
Status – Early Testnet
Spexi combines drones and blockchain technology to deliver ultra-high-resolution Earth imagery, offering detail 900 times greater than satellite imagery. Utilizing a groundbreaking “fly-to-earn” model, drone pilots collect data across standardized zones, enabling industries such as emergency response and infrastructure to access precise visuals for informed decision-making. Spexi democratizes aerial data collection with a user-friendly application, seamlessly connecting advanced drone technology with practical applications.
As the first solution for crowdsourced and standardized aerial imagery capture, Spexi employs its proprietary Spexigons automated flight path system to streamline data collection. Its innovative drone network incentivizes pilots to capture imagery at scale using blockchain technology, ensuring scalability and reliability. Additionally, Spexi provides industry-leading data viewers and APIs, delivering accessible and effective solutions for consuming network imagery.
Investors
Token
FLY TO EARN introduces an innovative incentive model that allows drone owners to complete missions, capture imagery, and earn rewards. The Spexi utility token (SPEXI) is proposed as the native token of the Spexi Network, designed to reward pilots for collecting and uploading verified imagery during their missions. Currently in its early testing phase, known as the Testnet, the platform allows drone pilots to earn Reputation Points (RPs) and cash rewards for collecting and uploading imagery. In the long term, the platform aims to introduce a crypto utility token, SPEXI, to reward pilots for their contributions. This token is envisioned to hold tangible value for pilots and could be used for various purposes, such as reserving Spexigons for preferential data capture through a staking mechanism. The development team is actively working on designing a robust and sustainable crypto-economic token model to support this vision.
Bio Protocol – 70.95%
Website | X(Twitter)
Sector – Decentralized Science (DeSci)
Status – Active
The BIO Protocol introduces a groundbreaking financial layer for Decentralized Science (DeSci), designed to accelerate the commercialization of innovative scientific advancements. As a curation and liquidity protocol, BIO empowers global communities of patients, scientists, and biotech professionals to collectively fund, develop, and govern tokenized biotechnology projects and intellectual property (IP). By enabling decentralized funding, incentives, and liquidity, BIO aims to catalyze an on-chain scientific economy. The protocol facilitates the creation of bioDAOs—decentralized autonomous organizations focused on science—while providing perpetual funding and liquidity for these communities and their biotech assets. It establishes standardized frameworks for bioDAOs, including tokenomics and data/product suites, to enhance efficiency and scalability.
Through its innovative approach, the BIO Protocol fosters the generation, governance, and commercialization of tokenized scientific IP from universities, companies, and researchers worldwide, paving the way for a liquid and efficient market for on-chain scientific assets.
Investors
Token
BIO serves as the native governance token of the BIO Protocol, empowering holders to actively participate in the network’s growth and decision-making processes. Token holders can use BIO to signal support for specific bioDAOs, vote on future token issuance and distribution, and implement accelerator programs aimed at advancing the protocol’s development.
The BIO token also grants holders exclusive access to key benefits within the ecosystem, including governance rights in network bioDAOs, participation in early bioDAO funding rounds, financial rewards for contributing health data or participating in clinical trials, and access to innovative health products developed and funded by bioDAOs.
Suilend – 70.48%
Website | X(Twitter)
Sector – DeFi
Status – Active
Suilend is a decentralized finance (DeFi) platform built on the Sui blockchain, designed to facilitate the lending and borrowing of cryptocurrencies. Its primary goal is to offer users a secure, efficient, and user-friendly environment to manage their crypto assets, enabling them to earn interest on their holdings or access liquidity without the need to sell their assets.
On the platform, users can combine various tokens as collateral for main assets, while isolated assets require dedicated collateral, which cannot be shared across positions. This approach helps mitigate risk spillover, with borrowing limits for isolated assets being more conservative and subject to closer monitoring due to potential price volatility. Suilend employs a dynamic interest rate model that adjusts based on pool utilization, with rates for isolated assets generally fluctuating more, depending on market demand and availability. The platform uses a straightforward one-time borrowing fee structure with no hidden charges to ensure cost predictability.
Features
- User-Friendly Interface: Designed for both beginners and intermediate users, Suilend offers an intuitive platform that simplifies lending and borrowing.
- Security: Utilizes the robust security features of the Sui blockchain to safeguard user assets.
- Variety of Supported Assets: Supports a broad range of cryptocurrencies, providing users with diverse options for lending and borrowing.
- Competitive Interest Rates: Offers attractive interest rates to maximize returns for lenders while minimizing costs for borrowers.
- Transparency: Ensures all transactions and processes are transparent, fostering user trust.
Investors
Token
$SEND is Suilend’s native token, with a total supply of 100 million tokens. The allocation is split as follows: 65% for the community, 20% for investors, and 15% for the team.40% of SEND will be distributed through the Mdrop mechanism, with 20% for points holders and early users, 5% for ecosystem communities, and 15% for SAVE holders on Solana. Users will receive mSEND tokens upon redemption, which can be used to claim SEND. Mdrop maturities are three months for Points and Ecosystem holders, six months for Team and Investors, and 12 months for SAVE holders. Investor tokens unlock over two years, and team tokens unlock over four years.
Where can you buy the token?
You can buy $SEND from exchanges like Gate, Bybit, and Ourbit.
Super Protocol – 70.48%
Website | X(Twitter)
Sector – AI
Status – Testnet
Super Protocol is an AI-powered cloud and marketplace designed with a strong focus on confidentiality, decentralization, and self-sovereignty. Leveraging advanced confidential computing technology, the platform ensures the protection of data during execution. At the same time, its blockchain-based decentralized network provides orchestration, transparency, and verifiability across all processes.
The public testnet of Super Protocol introduces a range of advanced capabilities designed to streamline user experience and enhance functionality. Key features include a demo account with OAuth2 login for quick access, support for Intel TDX and NVIDIA GPU confidential computing, and the ability to upload model files to Super Cloud or personal Storj accounts. Additionally, users can deploy AI models within confidential tunnels, utilizing various AI engines and customizable settings. The platform also features a redesigned user interface and an optimized user experience (UI/UX).
Future development phases aim to further enhance the testnet with several planned upgrades. These include the ability to publish offers in the Marketplace from uploaded files, fine-tune models by creating new layers for base models, and incorporate support for datasets. The expansion will also focus on increasing the availability of models within the Marketplace, integrating additional AI engines, supporting a wider range of model categories, and introducing a light-themed user interface to cater to user preferences.
Super AI marketplace – The marketplace serves as a bridge between AI developers, data owners, and clients, facilitating access to confidential computing resources. It enables users to monetize their AI models and data while ensuring compliance with rights and agreements through the use of blockchain technology and smart contracts.
