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We scored multiple projects this week. Here are a few you should know about:
ALLO
QR
NodeOps
Seeker | Solana Mobile
Codatta
Please remember that some of these projects still need our code review process. Still, we want to highlight them here because they initially caught our attention through our fundamental analysis process.
Today’s edition of Token Metrics Research | Daily Newsletter is brought to you by Pacaso.
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Now, let’s get back to the hidden gems.
1. ALLO
Sector - RWA
Status - Active
Allo is a decentralized protocol designed to revolutionize traditional stock trading by tokenizing real-world assets (RWAs), particularly US stocks, enabling 24/7 global access on blockchain. It addresses key problems in conventional markets, such as limited trading hours, delayed T+2 settlements, high commissions, and restricted accessibility for non-US investors or those without brokerage accounts.
The solution involves a fully on-chain platform where stocks are tokenized with 1:1 backing. This platform allows instant settlements, asset self-custody, and seamless stock integration with crypto portfolios without hidden fees beyond gas costs.
Built on multiple blockchains for fast execution, Allo leverages layer-2 scaling solutions and supports features like Bitcoin staking and lending. It is positioning itself as the world's first tokenized stock exchange to democratize investing and bridge traditional finance with DeFi.
1.1. Features
Tokenization of RWAs, allowing seamless integration of real assets like stocks into blockchain ecosystems for fractional ownership and liquidity.
24/7 trading of tokenized stocks with instant settlements and low fees, eliminating traditional market restrictions.
Staking support for crypto assets, including up to $50M in Bitcoin, to generate yields while holding positions.
A lending facility with a $100M capacity enables users to borrow against tokenized assets or crypto collateral.
Self-custody and portfolio management in one app, supporting multiple blockchains for secure, user-controlled transactions.
Products like Allo Chain for custom blockchain infrastructure, DeepFund for advanced funding mechanisms, and tools for tokenizing, trading, and lending assets.
On-chain risk management and compliance features make it suitable for both retail and institutional users.
1.2. Token
The native token is $RWA, with a market cap of around $9M today. The total supply is 10 billion, and the circulating supply is 1.8 billion.
1.2.1. Utility
$ALLO serves as the economic backbone for governance, staking, and fee generation within the protocol, allowing holders to participate in decision-making on funding allocations and ecosystem incentives. It also enables access to lending, borrowing, and yield farming features, with mechanisms for burning and minting based on platform revenue to align incentives between users and the network.
1.3. Investors
2. QR
Sector - On-chain Attention
Status - Active
QR is a memecoin project centered around a daily auction mechanism on the Solana blockchain. Users bid to control the direction of a QR code on the website qrcoin. fun for 24 hours, effectively "owning" the site's attention and redirecting it to any URL.
It tackles the problem of fragmented attention in the crypto space and the lack of fun, interactive ways to engage communities, while solving monetization challenges for content creators through gamified auctions.
The solution is a decentralized, auction-based platform that turns daily site control into a competitive event, fostering discovery and earnings in a lighthearted manner. Built on Solana for fast, low-cost transactions, it uses simple smart contracts for auctions and token handling, emphasizing meme culture over complex tech stacks.
2.1. Features
Daily auctions for site control, where winners decide the QR code's redirect, creating viral marketing opportunities.
Memecoin integration for bidding and rewards, encouraging community participation and speculation.
Real-time price tracking and trading volume displays for $QR, enhancing user engagement with market dynamics.
Privacy-focused design, as it does not collect personally identifiable information or link wallets to identities.
Discovery and earning mechanics, allowing users to explore new content daily while potentially profiting from auctions.
Simple terms ensuring no investment advice, positioning it purely as entertainment in the meme economy.
2.2. Token
The native token is $QR, which has a total supply of 100 billion and is fully circulating. Its current market capitalization is $6.1M.
2.2.1. Utility
$QR is used primarily for participating in daily auctions, bidding to control the QR redirect, and as a speculative asset within the meme ecosystem. It enables earning through auction wins and community rewards, with no formal governance or staking, but strong emphasis on fun, viral utility in social discovery.
3. NodeOps
Sector - DePIN
Status - Active
NodeOps is an AI-powered DePIN platform that simplifies node management and orchestration for DeFi and protocol launches, addressing the complexities of deploying, scaling, and maintaining nodes in decentralized networks, such as high costs, technical barriers, and inefficient resource allocation.
The solution is a user-friendly DeFi hub called NodeOps Portal, where users can stake tokens, deploy universal node operations (UNO Nodes), and access real-time stats and infrastructure support. It utilizes cloud-based resources like CPU cores and storage for scalable operations. It is built on blockchain tech with integration for multiple networks to ensure economic alignment between users, providers, and the protocol.
3.1. Features
Node deployment portal for easy UNO Nodes setup, reducing protocol launch barriers.
A staking mechanism is used to secure the network and earn rewards based on participation.
Cloud resource management, including CPU, storage, and utilization tracking for efficient scaling.
Revenue sharing model, with allocations for burning tokens, providers, treasury, and stakers.
Governance tools allowing token holders to influence economic policies.
Bonding system for onboarding compute resources, ensuring decentralized provider participation.
Weekly updates and stats on deployments, aiding users in strategic planning for blockchain projects.
3.2. Token
The native token is $NODE, with a total supply at genesis of 678,833,730 tokens. Distribution includes 47.5% to community (with sub-allocations like 30% for growth, 15.5% airdrop, 2% IDO), 22.5% to early backers (12-month cliff, 36-month vest), 15% to initial contributors (12-month cliff, 60-month vest), and 15% to protocol incentives (15% unlocked at TGE, 6-month cliff, 48-month vest). Revenue is distributed as 50% burned, 25% to providers, 15% to treasury, and 10% to stakers.
3.2.1. Utility
$NODE is used for staking to secure nodes, deploying UNO operations, governance voting on policies, and bonding to onboard compute resources. It features a dynamic burn-and-mint model where fees burn tokens and revenue mints new ones, aligning incentives and backing the token with real network usage.
3.3. Investors
4. Seeker | Solana Mobile
Sector - Mobile
Status - Active
Seeker is Solana Mobile's second-generation Web3 smartphone. It is designed to integrate blockchain and crypto experiences into mobile devices natively, solving issues like restricted dApp access, lack of user ownership in traditional apps, and insecure Web3 interactions on standard phones.
The broader Solana Mobile ecosystem addresses the slow adoption of mobile-first web3 by providing secure hardware, verified dApps, and decentralized incentives.
Seeker offers a compact, affordable device with built-in Solana support for seamless crypto transactions. The platform uses a Trusted Execution Environment (TEE) for tamper-resistant proofs, on-chain verification, and a guardians network for trust.
The tech stack includes hardware layers for secure crypto, platform layers for dApp distribution, and verification layers powered by the native SKR token, enabling an open web3 mobile economy for developers, users, and manufacturers.
4.1. Features
Integrated Solana dApp Store with 100+ verified apps for unrestricted web3 access.
Seed Vault Wallet for secure self-custody of crypto assets directly on the device.
Seeker ID for on-chain user authentication and personalized experiences.
Mobile staking powered by SOL strategies, allowing users to earn yields on the go.
Guardians Network for decentralized validation of devices and apps, enhancing security.
Tokenized incentives via SKR, directing rewards to builders and users for ecosystem growth.
Support for hackathons and grants to foster innovative mobile web3 development.
4.2. Token
The native token is $SKR, powering the Solana Mobile economy. Full tokenomics details like total supply and distribution have not yet been fully disclosed. However, it includes allocations for incentives across developers, users, hardware makers, and guardians, with mechanisms for tokenized platform control.
5. Codatta
Sector - AI
Status - Active
Codatta is a decentralized data protocol that transforms human intelligence into on-chain assets for AI training, acting as the "knowledge layer" for AI by addressing centralized data issues like silos, poor integrity, and inefficient curation.
It solves the challenge of sourcing high-quality, verified data for AI models in web3 by creating an open, multi-chain platform where users submit annotations and labels, validated by AI agents and collaborators, earning royalties from dataset usage.
The technology stack includes blockchain for assetization and royalties, AI for validation, and multi-chain compatibility to unite data infrastructure with human contributions. This ensures privacy-protected annotations for applications like AML and personalized marketing.
5.1. Features
Account annotation for categories (e.g., 'cex', 'scam') and entities, supporting AML, risk management, and trend analysis without compromising privacy.
User demographic annotation (e.g., gender, age, region) for personalized decentralized social and e-commerce experiences.
Collaborative data curation with AI agents to aggregate and verify sources for high confidence.
Perpetual royalties for contributors from AI datasets they help build.
Multi-chain protocol for seamless integration across blockchains.
Monetization tools like decentralized ad delivery and data sales to platforms (e.g., Chainalysis, Nansen).
Encrypted storage and submission for secure data handling.
5.2. Token
The native token is $XNY, with a total supply of 10 billion and 8.2 billion circulating. This leads to a market cap of $124M and a fully diluted value (FDV) of $151M. Distribution includes 48% to the community, 21.5% to the foundation, 18% to the team, and 12.5% to investors.
5.2.1. Utility
$XNY rewards data submissions via points conversion, enables governance, staking for yields, and facilitates royalty payments from dataset usage. It powers ownership claims on verified data, incentivizing contributions and monetization in the AI knowledge economy.
5.3. Investors
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