TOKEN METRICS WATCHLIST

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

Eclipse
WOWMAX
Caldera
KEKKAI
READYgg

Please keep in mind that some of these projects have not yet been subjected to our code review process, but we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.

Eclipse- 68.75% (Website – Twitter)

Eclipse represents a highly adaptable rollup framework that leverages the Solana Virtual Machine. The suite of Eclipse tools empowers users to effortlessly deploy their code as a customizable roll-up solution, thus alleviating the need for individual developer teams to delve into protocol design intricacies. This streamlined approach reduces development expenditures and significantly expedites the process. Consequently, Eclipse facilitates scalability, paving the way for the next generation of high-throughput web3 applications.

Why we like it

Eclipse introduces a pioneering approach to blockchain technology, offering customizable modular rollups. Eclipse’s cutting-edge architecture breaks the blockchain into modular components, allowing users to select and configure them according to their specific requirements. Additionally, Eclipse provides robust control over node authorization, enabling users to determine who can operate nodes on your network. Moreover, it empowers them to capture arbitrage opportunities and redistribute the benefits to your community. Eclipse also facilitates gas fees in your native token, providing a tailored approach to structuring the blockchain to align with users’ preferences. Conventional blockchain systems distribute the throughput among various applications, resulting in shared transaction processing capacity and potentially slower app performance. Eclipse addresses this issue by providing each user with their Solana Virtual Machine Version 2 (SVM V2). This unique infrastructure allows users to unlock new possibilities and enhance the performance of their applications significantly.

Investors

Eclipse secured $9 million in its seed funding round,co-led by esteemed investors Tribe Capital and Tabiya, a prominent crypto venture capital firm founded by former Binance executives. This significant financing effort also saw participation from key contributors, including Infinity Ventures Crypto, Soma Capital, Struck Crypto, and CoinList.

Before this, Eclipse had already garnered $6 million in a pre-seed funding round, with Polychain Capital taking the lead and notable involvement from Tribe Capital, Tabiya, Galileo, Polygon Ventures, The House Fund, and Accel, among others.

The Team

The Eclipse team consists of experienced professionals who are experts in their fields. They have a strong background in blockchain technology, finance, and software development.

Token Utility

Eclipse doesn’t have a token.

Where can you buy the token

Eclipse doesn’t have a token yet.

WOWMAX- 66.67% (Website – Twitter)

WOWMAX is a sophisticated platform designed to aggregate data concerning the accessibility of digital assets across various decentralized exchanges. Employing advanced analytical algorithms, it scrutinizes the pricing dynamics of these assets and strategically identifies the optimal exchange pathway for your cryptocurrency. The primary objective of this system is to enhance your profit potential while concurrently mitigating transaction expenses. In essence, WOWMAX offers an intelligent trade routing mechanism, enabling you to secure the most advantageous terms for digital asset transactions.

Why we like it

WOWMAX is dedicated to advancing the interests of decentralized exchange (DEX) traders by optimizing token acquisition through the aggregation of DEX liquidity and the execution of arbitrage strategies on interconnected assets. The WOWMAX platform harnesses the synergy of two potent techniques: DEX aggregation and on-chain arbitrage. DEX aggregation involves the intelligent division of a substantial trade into smaller segments, facilitating simultaneous execution across multiple decentralized exchanges. This approach is engineered to curtail adverse price impacts, commonly called slippage, thereby ensuring optimal trading outcomes.

Moreover, WOWMAX goes beyond mere aggregation by diligently monitoring price fluctuations of native chain tokens, including but not limited to CRO, ETH, and BNB. This vigilance enables the platform to identify arbitrage opportunities within tradable tokens against native chain tokens and stablecoins across distinct pools. Consequently, WOWMAX consolidates trading activities across DEXs and capitalizes on arbitrage potential by facilitating exchange between stablecoins and native chain tokens. The visualization of this groundbreaking cryptocurrency trading strategy is encapsulated in a graphical representation, underscoring the potential for profit maximization through the combined power of DEX aggregation and on-chain arbitrage.

Investors

The investors in WOWMAX include Investment Solutions AG, Mechanism Capital, DIA, Zee Prime Capital, Factblock, and a Goldman Sachs Executive Director.

The Team

The WOWmax team comprises a diverse ensemble of 20 dedicated professionals. This collective includes seasoned experts in Solidity, Rust, and React development, proficient marketing and technical specialists, and accomplished DeFi researchers.

Token Utility

The Decentralized Finance Token (DEFI) is a governance and utility token within the broader WOW universe ecosystem. Its multifaceted utility encompasses protocol governance participation, the activation of additional features, access to subscription discounts, and eligibility for bonus rewards. It has a maximum supply of 100 million tokens.

Where can you buy the token

The token has yet to be made available to trade.

Caldera- 66.67% (Website – Twitter)

Caldera specializes in developing high-performance, tailor-made layer-two blockchains for specific application requirements. These bespoke blockchains, known as “Caldera Chains,” are engineered to deliver exceptional throughput, minimal latency, and customizable features, enhancing decentralized applications’ performance and user engagement. With the capacity to handle hundreds of transactions per second and provide sub-second confirmation times, Caldera Chains empowers decentralized applications with the speed and efficiency necessary for seamless operation.

Why we like it

Caldera offers a user-friendly Rollup-as-a-Service platform for high-performance blockchain rollups. Developers leverage Caldera to create customizable blockchains with the security of Ethereum and Polygon. Caldera Chains are known for their lightning-fast speeds, handling hundreds of transactions per second and providing sub-second confirmations, revolutionizing blockchain development. They believe in empowering developers with choice. Caldera Chains allows customization for specific use cases, including revenue generation, added EVM features, and flexible Settlement and data availability options. Caldera Chains can settle on various EVM-compatible blockchains and offer dedicated data availability layers for scalability. Caldera Chains include user-facing infrastructure like block explorers and NFT marketplaces. They prioritize accessibility and ease of use for both projects and users. They provide comprehensive features, from high-level APIs to monitoring tools, streamlining decentralized app development. Caldera manages rollup complexities, freeing developers to focus on building exceptional applications.

Investors

The Team

Their team comprises highly skilled professionals with valuable expertise in their respective fields. Their remarkable work on the project thus far is a testament to their exceptional abilities and dedication.

Token Utility

Caldera doesn’t have a token yet.

Where can you buy the token

Caldera doesn’t have a token yet.

KEKKAI- 64.58% (Website – Twitter)

KEKKAI is a Japan-based company that presents a cutting-edge Web 3.0 security plugin. It is designed to identify potential threats through transaction simulation analysis proactively. KEKKAI’s product portfolio has expanded to include diverse offerings, such as an anti-fraud browser extension and a mobile application, both meticulously crafted to enhance security in the Web 3.0 environment. To date, KEKKAI has extended its support to over 100 blockchain networks, underscoring its commitment to safeguarding the integrity and safety of digital transactions in an increasingly decentralized ecosystem.

Why we like it

KEKKAI excels in detecting intricate smart contracts and potential issues before trade execution, thereby enabling users to preview expected trade outcomes before finalizing their transactions. This pre-trade transparency instills confidence in users, as they are empowered with a comprehensive understanding of the transaction details. One of KEKKAI’s remarkable capabilities is its ability to identify high-risk transactions, including gasless transactions and potential honeypots, which can be challenging for users to discern independently. When such risky transactions are detected during simulation, KEKKAI promptly issues warnings to alert users to potential dangers.

KEKKAI’s versatility extends to its browser compatibility, ensuring its usability regardless of the wallet used. Its multifaceted security features, including transaction analysis, danger detection, and scam site identification, offer comprehensive protection to users from various angles. KEKKAI goes further by packaging a collection of fraudulent websites, malicious contract identification capabilities, and transaction fraud detection functions, offering API services tailored to companies and Web3 projects seeking robust security detection solutions.

Investors

The Team

The KEKKAI team comprises skilled professionals who work passionately on the project with their expertise.

Token Utility

KEKKAI doesn’t have a token yet.

Where can you buy the token

KEKKAI doesn’t have a token yet.

READYgg- 62.50% (Website – Twitter)

READYgg (Ready Games) is spearheading the transition to Web3 gaming, welcoming Web2 players into a dynamic blockchain-driven gaming world. They aim to create a gaming ecosystem with shared ownership, decentralized decision-making, milestone rewards, cross-game utilities, blockchain technology, and NFT-based UGC. This approach enhances the experiences of game developers, players, and content creators, ushering in a new era of gaming innovation and accessibility.

Why we like it

READYgg offers game developers a seamless Software as a Service (SaaS) experience. This integration allows them to bring games onto the blockchain without disrupting the player experience. READYgg provides Unity and Unreal SDKs for easy blockchain integration. They enable “account abstraction” for players and publishers, allowing effortless transfer of game assets, player identities, and inventories between Layer1 and Layer2 blockchain providers, including smart contract interoperability. With a focus on mobile technology, READYgg’s solutions break adoption barriers, targeting the mobile gaming demographic and expanding the accessibility of blockchain gaming.

READYgg’s commitment to interoperability fosters a vision where a compatible game ecosystem benefits all participants. For developers, collaboration drives increased revenue and player engagement. Players enjoy a seamless gaming experience, quickly transitioning between games and helping from portable profiles and items. Creators benefit from user-friendly authoring tools, streamlined item sales across a multi-game marketplace, and the ability to bind items to NFT property rights, enhancing their perceived value and fair compensation prospects. In essence, READYgg’s interoperability creates a thriving gaming ecosystem, boosting revenue, engagement, and value for all stakeholders.

Investors

Ready Games has secured $3M in its latest funding round. The funding was led by Bitkraft and Hashed, with participation from Tribe, IOSG, Spartan, Mapleblock Capital, and Polygon.

The Team

Token Utility

The proposed token, “ReadyX” ($RDYX), prioritizes the ecosystem’s interests, focusing on long-term growth, collaboration, and shared ownership. Key features include a fixed issuance of 1 billion tokens to prevent inflation, governance rights via staking for community participation, and strategic deployment of $RDYX in the early ecosystem phase to incentivize developers, creators, and players. $RDYX also supports cost-efficient NFT minting, reduces transaction friction, and enables the seamless transfer of token-backed content across games. This alignment of interests among stakeholders enhances the gaming ecosystem’s overall value and revenues, fostering a stable and innovative environment for sustained growth.