Market Cools, Signals Shift: Projects to Watch This Week

Dear Crypto Fam,

This week, we observed a continued cooling in the crypto market. Our AI signal turned bearish on May 30, when the total market cap stood around $3.34 trillion. Since then, broader sentiment has remained risk-off, with capital rotating into stable sectors and away from speculative altcoins.

Some previously strong-performing tokens—like Launch Coin—have lost steam. Daily outperformers exist but are increasingly rare. The trend continues to favor capital preservation over aggressive positioning.

Users are pivoting into stablecoins, lending, and yield-based protocols. That’s driven attention to platforms like Infinifi, which offers passive yield strategies during quiet market cycles. Infinifi was mentioned as an example of protocols to explore for yield until conditions improve. The following DeFi protocols were also discussed.

• EulerSwap, a new DEX built by the Euler Finance team, introduced this week as part of their ecosystem expansion.

• Superform, a cross-chain yield protocol offering structured vaults with automated exposure to curated DeFi strategies.

• 3Jane, a lesser-known platform in the discovery phase, flagged for further research.

One notable highlight this week was Layer3, an on-chain incentives protocol gaining traction. Compared to Galaxy and Zealy, Layer3 appears to offer smoother user experiences for on-chain tasks like airdrop campaigns. While Galaxy and Zealy have been widely used, they’ve also faced usability challenges, especially with technical tasks and transaction tracking. Layer3 stood out for its improved execution and rising adoption among crypto projects.

Layer3’s internal Trader and Investor Grades turned bullish this week—making it a project we’re actively watching. This is especially relevant as we evaluate infrastructure for user engagement and airdrop automation, including for future TMAI initiatives.

Cudis, a TMV SPV project was also discussed. It will be having its TGE this week. It’s a health and wellness DePin Web3 app integrating tokenized incentives with longevity journey.

We also touched on broader Bitcoin ecosystem developments. While the base protocol remains unchanged, developer activity continues to grow around Bitcoin Layer-2s, especially rollups and sidechains. These architectures aim to extend Bitcoin’s functionality without altering its core.

Across our internal system, refinements to market signals have improved clarity around momentum versus noise. The ability to distinguish false breakouts from genuine trends has been especially valuable in the current risk-off environment.

We’ll continue tracking evolving narratives, from decentralized attention protocols like Layer3 to passive income tools like Infinifi and Superform. As always, our focus remains data-driven and non-promotional.

To the moon and beyond!

—The Token Metrics Team