TOKEN METRICS WATCHLIST

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

Quai Network
Flash Protocol
Unilayer
The Beacon
Aethir

Please remember that some of these projects must still be subjected to our code review process. Still, we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.

Quai Network- 62.50%

Sector – Layer 1
Status – Testnet

The Quai Network is a Layer 1 blockchain with EVM compatibility, distinguished by its high scalability, security, and focus on facilitating fast, low-cost, and high-throughput transactions alongside programmable smart contracts. It places a strong emphasis on swift finalization, steadfast censorship resistance, and robust resilience against adversarial threats.

Utilizing the Proof-of-Entropy-Minima (PoEM) consensus mechanism, Quai coordinates infinite blockchains, known as execution shards, eliminating consensus-based contention. With a composable multithreaded execution environment, the network processes over 50,000 transactions per second, producing blocks approximately every 1.1 seconds within a 9-shard structure. Quai’s innovative approach allows blockchains to transfer and receive states through merged mining, fostering asynchronous production of hash-linked references. The dynamic sharding strategy accommodates increasing demand for block space, ensuring scalability to support growing user bases indefinitely.

Features:

Work-Based Asynchronous Consensus Mechanism: At the core of Quai Network’s innovation lies its Work-Based Asynchronous Consensus Mechanism. This mechanism introduces an objective measure for Block Preference, enhancing flexibility and efficiency compared to traditional synchronous systems like Proof of Work (PoW) or Proof of Stake (PoS). By departing from synchronous models, this approach eliminates the need for nodes to wait on each other, significantly accelerating block confirmation speed and efficiency. Unlike traditional longest-chain rules, weighting blocks based on computational work enhances tolerance to real-world network conditions. This results in a more efficient, scalable, and secure system, reducing vulnerability to manipulation and attacks.
Adaptive and Parallel Processing Architecture: Quai Network’s architecture is designed for dynamic adaptation to changing network demands, efficiently managing loads and reducing the risk of congestion and bottlenecks seen in traditional blockchains. The introduction of parallel processing for transactions and smart contracts significantly increases transaction throughput. Multiple transactions can be processed simultaneously across different shards or chains, greatly improving scalability compared to traditional PoS systems that process transactions sequentially.
Hash-Linked Issuance: Quai Network adopts a novel hash-linked issuance system for its Native Token Qi, linking mining difficulty to Qi’s adoption and production costs and aligning it with external economic factors like energy costs. This contrasts with fixed issuance rates or predefined algorithmic adjustments, allowing Qi’s value to mirror real-world economic conditions closely. This approach grounds Qi in an economically realistic framework, reducing typical cryptocurrency volatility and making it more predictable and sustainable for day-to-day transactions.
Practical and Programmable: Beyond high-end technology, Quai Network prioritizes usability, ensuring its digital asset is practical for everyday use in both saving and spending. Its EVM compatibility maintains programmability, offering a user-friendly digital asset with robust smart contract capabilities. This versatility positions Quai Network as a leading platform for the next generation of blockchain innovation, supporting applications from DeFi to enterprise solutions.
MEV Resistance: Addressing a critical issue in blockchain technology, Quai Network introduces a transaction ordering system resistant to Miner Extractable Value (MEV). Leveraging a work-based approach, it aims to solve the problem of miners exploiting transaction ordering for personal gain. This innovative system ensures that transaction order within blocks is based on objective criteria rather than miner discretion, enhancing fairness and integrity while curbing the potential for manipulation by miners.

Token

Several dynamics exist between the Quai and Qi tokens, strategically positioning Quai as an increasingly scarce store of value. At the same time, Qi serves as a medium of exchange, loosely linked to the cost of generating a hash and energy.

The system employs various mechanisms to accomplish these distinctions, including emissions primarily through block rewards, conversions between Qi and Quai, and a highly responsive difficulty algorithm. These mechanisms collectively contribute to the nuanced roles of Quai and Qi within the system, aligning with their designated functions as a store of value and a medium of exchange, respectively.

Investors

Flash Protocol – 62.50%

Sector – Bitcoin Ecosystem
Status – Active

Flash Protocol represents a decentralized protocol designed to facilitate the issuance of assets, specifically Taproot Assets and Taproot Non-Fungible Tokens (NFTs) on the Bitcoin blockchain. Complementing this, FlashVM, a computational engine integrated into the Flash Chain infrastructure, has been meticulously crafted to deliver smart contract-like functionalities tailored for the Bitcoin ecosystem.

Leveraging the advancements introduced by Lightning’s Taproot Assets release, Flash Protocol empowers users to issue and trade native Bitcoin assets on the blockchain efficiently. This innovative protocol is engineered to uphold a seamless and congestion-free mainnet experience.

Furthermore, FlashVM distinguishes itself by providing a suite of BTCFi functionalities. These functionalities encompass staking, swaps, and lending services, all tailored to Bitcoin native assets. This strategic integration of FlashVM aims to enhance the financial capabilities within the Bitcoin ecosystem, offering users a comprehensive and sophisticated set of tools for asset management and financial interactions.

Features

Taproot Assets Issuance: The protocol leverages the innovative FlashScript to empower the seamless creation of assets. This scripting solution is meticulously designed to facilitate permissionless and cost-effective transactions on the Bitcoin blockchain, ensuring a streamlined and efficient process for asset issuance.

Bitcoin Angel Hub: The Angel Hub represents a groundbreaking advancement in fundraising within the Taproot Assets ecosystem. It serves as a pivotal bridge connecting project builders utilizing Taproot Assets with a broad network of supporters. This innovative approach creates a crowdfunding market akin to Gitcoin, optimizing the fundraising experience for Bitcoin native assets and fostering collaborative growth.

Bitcoin Native Asset Marketplace: Facilitating the trading of Taproot Assets, we provide a robust platform through a peer-to-peer marketplace and an orderbook-based Decentralized Exchange (DEX). This framework sets the stage for the seamless integration of advanced DeFi (Decentralized Finance) features, including but not limited to yield farming and liquidity pools. By doing so, we contribute to developing a sophisticated ecosystem for trading and managing Bitcoin native assets.

Unilayer- 62.50%

Sector – Interoperability
Status – Testnet

UniLayer stands as a high-efficiency communication blockchain strategically positioned atop other blockchain infrastructures. Functioning as an omnichain interoperability platform, UniLayer is crafted to facilitate lightweight data passing seamlessly across diverse chains. Constructed upon the Bitcoin-based blockchain, it employs a gas-efficient Delegated Proof-of-Stake (DPOS) consensus mechanism. Embracing the philosophy of the Cosmos protocol, UniLayer incorporates native integration techniques for various blockchains within a unified network. Moreover, it introduces distinctive cross-chain logic, enabling concurrent communication with multiple blockchains, thus enhancing its interoperability capabilities.

Blockchain Networks: UniLayer, as a catalyst for new opportunities within the developer community, distinguishes itself by sidestepping vulnerabilities associated with bridge- and oracle-based platforms, exclusively operating on a Layer 1 blockchain. This approach ensures enhanced security and efficiency for cross-chain transactions, made possible through the seamless integration of applications and services from other blockchains. Utilizing LogiX, a system comprising proprietary smart contract algorithms, enables UniLayer to achieve unprecedented speed and simplicity.
DApp Development: For DApp developers, UniLayer provides an advanced interface to manage cross-chain data effortlessly. This platform allows tapping into liquidity from non-smart contract ecosystems such as BTC, Doge, etc. Both new and existing DApps stand to benefit from the cross-chain flexibility, collaborative potential, and high growth prospects offered by a genuinely multi-chain environment. Developers gain access to the resources of all networks with minimal associated costs.
Node Owners: Node owners, particularly validators from other networks, have the opportunity to earn UniLayer’s native ULR tokens as rewards for their active participation in the UniLayer network, in addition to the rewards received from their original native networks. Incentives for dual nodes are strategically designed to fuel the rapid growth of the UniLayer network, fostering a mutually beneficial ecosystem for node owners.

Team

Token

The Beacon- 60.42%

Sector – Gaming
Status – Not yet launched

The Beacon presents an immersive RPG set in a captivating fantasy world, promising players an exhilarating gaming experience. This rogue-lite game boasts action-packed gameplay, guiding players through a dynamic journey, with each playthrough unveiling a fresh and distinct dungeon. Within these dungeons, players engage in real-time battles against formidable monsters, adding an element of thrill to the gaming narrative. A standout feature of The Beacon is its incorporation of NFT technologies. This innovative approach allows players to acquire valuable in-game assets through gameplay, assets that persist throughout their gaming experience. The integration of NFT technologies not only enhances player engagement but also introduces a unique dimension to asset ownership within the gaming realm. The Beacon is powered by the robust and secure scaling solutions provided by the Arbitrum network. This strategic integration ensures high security, maintaining player trust and safeguarding their in-game assets. Furthermore, the Arbitrum network delivers expedited processing speeds and cost efficiencies, surpassing the performance offered by traditional Ethereum networks. This commitment to efficiency contributes to an enhanced gaming experience, offering players faster interactions and reduced costs compared to alternative platforms

The game boasts three distinctive play modes: solo PvE, cooperative PvE, and a socializing element reminiscent of an MMO-like environment. As a testament to its accessibility, The Beacon can be played directly within a web browser. Adding a unique dimension to player engagement, the game offers the acquisition of persistent in-game assets by utilizing NFT technologies.

Game Modes:

Roguelite Single Player PvE: Players embark on a dungeon run, strategically battling hordes of monsters and environmental traps to survive. The journey is marked by creative combat, and players earn valuable NFT loot as rewards, enhancing their in-game assets.
Roguelite Co-op PvE: Enabling a collaborative gaming experience, players can form parties and embark on dungeon runs as a cohesive group, fostering teamwork and camaraderie.
Housing System: The housing system introduces a social game aspect, providing players with opportunities for self-expression and discovery. Collecting various house decor allows for the customization of personal spaces, with the added feature of showcasing and sharing these unique abodes with friends.
Social Hangout: The social hangout feature allows players to visit designated venues, such as the Tavern, to interact with others in real time. This creates a dynamic environment for socializing and community building within the game.

Aethir – 60.42%

Sector – Cloud Infrastructure & AI
Status – Active

Aethir stands as a revolutionary force in the cloud infrastructure realm, specifically tailoring its focus towards Decentralized Cloud Infrastructure (DCI) crafted to meet the unique requirements of gaming and AI companies. Recognizing a critical challenge within current cloud technology, Aethir presents an innovative infrastructure alternative to address cost and latency issues associated with delivering high-performance GPU computational loads, particularly to industries where latency sensitivity is paramount. At the heart of Aethir’s solution is an elegant infrastructure design that resolves existing challenges and exhibits an impressive characteristic—it becomes faster and more cost-effective with expansion. This unique scalability feature sets Aethir apart, ensuring efficiency and affordability as the infrastructure grows. Developed by a seasoned team boasting extensive experience in scaling top-tier cloud gaming infrastructure, Aethir emerges as an indispensable solution for delivering low-latency GPU resources via the cloud.

Aethir positions itself at the forefront of addressing the evolving needs of the AI and Gaming industry. By leading the way in developing and deploying next-generation cloud solutions, Aethir is dedicated to providing cutting-edge infrastructure solutions.

Gaming Cloud –

Cloud-Based Computing for Efficient Game Porting: Revolutionize the process of transitioning graphically intensive games to the cloud with our cost-efficient solutions. By leveraging cloud-based computing, bypass costly development hurdles, and eliminate concerns related to backwards compatibility, ensuring a streamlined and economical game porting experience.

Early Game Testing Facilitated: Facilitate seamless pre-release testing through our cloud-hosted instances, providing effortless early-game access. Identify potential issues, gather valuable feedback, and generate excitement surrounding your game well before the official launch. Our cloud infrastructure ensures a robust testing environment to enhance the quality and anticipation of your game.

Cross-Platform Experiences with Instant Accessibility: Harness the power of our cloud infrastructure to generate instant cross-platform experiences without the need for additional development efforts. Test your game in diverse markets and enhance player engagement by ensuring compatibility across different platforms. Our cloud-based solution simplifies the process, promoting accessibility and adaptability.

Alternate Publishing Channels for Game Distribution: Distribute your game seamlessly to users, avoiding bureaucratic obstacles. Utilize download-free, instant play experiences shared through links, eliminating platform requirements and fees challenges. Our approach opens up alternate publishing channels, providing a hassle-free means to reach a wider audience and promote your game efficiently.

Artificial Intelligence –

Latency-Free Inference Services: The professional services provided ensure third-party clients achieve real-time processing in their AI applications, guaranteeing instant interactions and optimal responsiveness without any delays.

AI Voice Interaction Solutions: The platform empowers AI voice capabilities through swift voice-to-text and text-to-voice conversions, ensuring seamless and lag-free communication experiences for users and clients alike.

AI Visual Interaction Services: The offered services enable the scaling of responsive and latency-free digital AI avatars through our cloud infrastructure, enhancing the quality and efficiency of visual AI interactions.