TOKEN METRICS WATCHLIST

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

• Arcium

• Hedhehog

• Sonex

• Opinion Labs

• Atoma Network

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.

Arcium - 74.76%

Website | X(Twitter)

Sector - Decentralized Compute
Status - Not yet launched

Arcium provides a fast, flexible, and cost-efficient infrastructure for accessing encrypted computation via blockchain technology. As an encrypted supercomputer, Arcium enables large-scale encrypted computing for developers, applications, and industries. It operates within a trustless, verifiable, and efficient framework, allowing computations to be performed over fully encrypted data without compromising security. By leveraging secure Multi-Party Computation (MPC), Arcium offers a scalable encryption solution powered by decentralized networks that is suitable for both Web2 and Web3 projects.

With full privacy protection, Arcium ensures trustless and end-to-end encryption for users across new and existing applications. Its ability to compute over fully encrypted data unlocks innovative possibilities for on-chain and off-chain applications, enabling the development of more powerful and privacy-preserving solutions. The platform also facilitates seamless integration, allowing developers to incorporate encrypted computing with minimal effort using just a few lines of code. By providing trustless access and verifiable computation, Arcium enhances data security while enabling entirely new use cases across industries such as AI, DeFi, and DePIN. Its advanced encryption framework paves the way for a new generation of secure and efficient applications in decentralized ecosystems.

Investor

Token 

The Arcium token is central to the Arcium Network, enabling staking-based security and ensuring a trustless, scalable, and efficient decentralized computation ecosystem. By aligning incentives among participants, it strengthens network integrity and operational efficiency. With a dynamic supply mechanism, the token adjusts to network demand. During low activity, controlled stimulative rewards support Node Operators, while increasing job demand stabilizes supply or triggers deflationary burning, ensuring long-term sustainability and token scarcity. Integrating staking, delegation, and burning, the Arcium token optimizes resource allocation and fosters participation. As an SPL token with a fixed supply of 1,000,000,000, it is designed to power the Arcium Network securely and efficiently.

Hedgehog - 69.52%

Website | X(Twitter)

Sector - Derivates
Status - Testnet

Hedgehog introduces a modular composition framework designed to facilitate the trading of BaseFee and hedge gas costs within the cryptocurrency ecosystem. By integrating advanced mechanisms, the protocol enables users to manage gas expenses more efficiently in volatile market conditions. The protocol focuses on aggregation, account abstraction, and gas derivatives, specifically tailored for traders. Its primary objective is to mitigate the impact of significant fluctuations in transaction fees, ensuring a more predictable and cost-effective blockchain experience. Hedgehog seeks to enhance blockchain efficiency by addressing the increasing demand for block space and the rising costs associated with gas fees. These challenges affect not only individual users but also a wide range of blockchain-based applications, infrastructure projects, and protocols, including account abstraction wallets and rollups. By offering specialized financial instruments, the protocol empowers users to navigate the complexities of on-chain transactions with greater flexibility.

Additionally, Hedgehog is developing an infrastructure layer dedicated to on-chain financial derivatives. Through the introduction of Synthetic Blockspace, the protocol aims to establish a new benchmark for institutional gas hedging. This innovation provides institutions and individual users with sophisticated tools to manage gas price risks effectively. Hedgehog is committed to making advanced hedging strategies widely accessible, unlocking the full potential of on-chain derivatives for a broader audience. By bridging the gap between traditional financial mechanisms and decentralized infrastructure, the protocol strives to create a more efficient and sustainable blockchain ecosystem.

Investor

Token

$HOG is the native token of the Hedgehog Protocol, primarily serving as a governance asset that allows holders to propose and vote on protocol upgrades, adjust parameters, and resolve disputes. Additionally, $HOG can be staked for rewards and contributes to ecosystem growth through mechanisms like minting and staking. The protocol’s fee structure, including redemption, liquidation, minting, and trading fees, ensures sustainability by redistributing value and incentivizing participation. Hedgehog also introduces the BaseFee token, a derivative minted via a Collateralized Debt Position (CDP) model, with its value tied to the on-chain logarithmic moving average of gas prices. BaseFee enables users to speculate on gas prices, hedge against fluctuations, and stake for rewards in the Stability Pool, further enhancing the protocol’s efficiency and financial utility.

Sonex - 69.52%

Website | X(Twitter)

Sector - DeFi
Status - Active

SONEX serves as a gateway to the Soneium ecosystem, revolutionizing decentralized finance (DeFi) with advanced technology. Built on a foundation of zero-knowledge (ZK) co-processors and decentralized storage, the platform utilizes an AI-powered routing terminal to optimize investment strategies for users. Designed to fully harness the advantages of the Soneium network, SONEX offers a seamless and efficient trading experience while maintaining security and reliability. Beyond traditional financial services, its vision is to establish a fully integrated DeFi ecosystem that empowers users globally. By removing long-standing barriers to financial access, SONEX aims to democratize financial tools, enabling broader participation in economic growth and stability.

Features

Multi-Chain AI Smart Routing - At the core of SONEX's trading technology is its Multi-Chain AI Smart Routing system, which leverages advanced artificial intelligence to optimize trade execution. This system ensures users receive the most competitive pricing by analyzing and routing transactions across multiple blockchain networks. Additionally, it integrates seamlessly with AI Vaults, facilitating data-driven trading strategies based on real-time market insights.

Advanced Derivative Trading Capabilities -  SONEX offers innovative derivative trading features, including pre-market single-side trading and a meme launch market-making system. These tools provide traders with enhanced flexibility and strategic advantages, enabling them to capitalize on market movements with greater precision.

Alpha Hunting Mechanism -  Equipped with a powerful on-chain data tracking system and real-time price movement alerts, SONEX enables traders to quickly identify and seize profitable opportunities. This feature is particularly valuable for users seeking to navigate the rapidly evolving DeFi ecosystem with an informed, data-driven approach.

Aggregator Support and Infrastructure - SONEX is built on a high-performance infrastructure powered by zk co-processors and Greenfield 2.0 storage solutions. This cutting-edge framework enhances the platform’s speed, security, and reliability, positioning it as a robust and efficient solution within the decentralized finance sector.

Investors

Opinion Labs - 68.75%

Website | X(Twitter)

Sector - Prediction market
Status - Active

Opinion Labs enables users to create predictions, trade outcomes, and verify truth in an open and trustless environment. Opinion Labs enhances global trading accessibility by eliminating market inefficiencies and providing a seamlessly integrated platform with unified liquidity. By enabling users to transform ideas into tradable markets, it unlocks new opportunities in decentralized finance. Similar to how Uniswap revolutionized token swapping and automated market makers (AMMs), the Opinion Protocol introduces a permissionless and scalable framework for prediction markets. This innovation simplifies market creation, enhances price discovery, and allows decentralized applications (DApps) to integrate seamlessly. 

O.LAB 

is a suite of decentralized intelligence products developed by Opinion Labs, offering solutions for prediction markets and on-chain data verification.

• Decentralized and Permissionless Prediction Market
  O.LAB operates as a fully decentralized and permissionless information liquidity infrastructure, allowing anyone to create prediction markets and provide liquidity using ERC-20 tokens. Users can trade shares before market resolution, fostering an open environment where individuals, algorithms, and AI systems participate in predictive analysis and speculation.

• Consensus Oracle
  The Consensus Oracle serves as a trustless mechanism for recording verifiable truths and data claims on-chain, ensuring accuracy and integrity. Secured by a decentralized network of participants, the oracle rewards contributors for maintaining an unbiased, tamper-proof source of information. Its applications span multiple sectors, including DeFi, real-world assets, and global event tracking.

Investors

Token

The protocol's native token serves as a key component of its ecosystem, facilitating governance, staking, and liquidity provision. Token holders can participate in decentralized governance by voting on protocol upgrades and fee structure adjustments. Additionally, staking the native token enables users to engage in the decision-making process, ensuring a transparent and community-driven framework. More details on tokenomics will be revealed later. 

Atoma Network

Website | X(Twitter)

Sector - Decentralized Compute
Status - Not yet launched

Atoma is a decentralized network designed for private and verifiable AI execution. It offers a secure infrastructure that enables developers and enterprises to utilize open-source AI models and build AI applications while maintaining full privacy. Unlike traditional DePIN networks that focus on aggregating computational resources and managing transactions, Atoma takes a specialized approach. Its network nodes are dedicated to specific AI processing tasks, including AI inference, model refinement, AI data embedding, and model development. A key differentiator of Atoma is its advanced security framework. By leveraging its Sampling Consensus protocol and Trusted Execution Environments (TEEs), the network ensures that all computations remain tamper-proof. This level of security is essential for maintaining the integrity of generative AI outputs, particularly in user-facing applications where reliable and trustworthy results are crucial.

Key Components: 

• Decentralized AI Compute - Atoma leverages a global network of GPUs, known as execution nodes, which register on the platform to process AI inference requests. Unlike traditional systems that rely on a centralized data center, Atoma operates as a permissionless network, distributing AI workloads across multiple data centers worldwide. This decentralized approach enhances scalability, availability, and efficiency.

• Dynamic Marketplace - The network incorporates a flexible marketplace where node operators determine pricing for their computational resources. Users can select execution nodes based on their preferences for cost, performance, and privacy, allowing for an optimized balance between affordability and computational power.

• Atoma Proxy - To ensure optimal performance and cost-effectiveness, AI requests are intelligently routed to the most suitable execution node. This selection process is based on hardware specifications and privacy requirements, enabling efficient resource allocation while maintaining high computational efficiency.

• Privacy and Security - Atoma prioritizes data protection and computational integrity through advanced security mechanisms. Trusted Execution Environments (TEEs) safeguard computations, ensuring sensitive data remains private. Additionally, the Sampling Consensus Protocol verifies computation accuracy across the network, while strict access controls prevent unauthorized entities from accessing model weights and user data.

• Community Governance - Atoma operates under a transparent, community-driven governance model. The network’s treasury is collectively managed, and rewards are distributed fairly to incentivize participation and contributions, fostering a decentralized and sustainable ecosystem.

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