Greetings Token Metrics community,
We’re excited to bring you the highlights from our latest premium webinar held on October 9. Hosted by Ian Balina, and joined by our technical researcher Ayush and investment analyst Abdullah, this session provided a comprehensive market update, detailed research highlights, and valuable investment insights.
Webinar Introduction
We began with an overview of the agenda, which included the latest market and research updates, followed by an engaging Q&A session.
Market Update
We observed that the market remains choppy, with slight upticks in both bull and bear signals. Despite the uncertainty, meme coins are continuing to make waves in the crypto market. However, sector grades have seen a decline since our last webinar.
Research Highlight
New reports have been published, including in-depth analyses of various projects and a code review on the UMA protocol. Our hidden gem reports featured projects that show significant potential despite the challenging market conditions.
Hidden Gem Reports
- Open Eden: This RWA protocol is notable for tokenizing US treasury bills and has shown impressive TVL growth, backed by investors such as Binance Labs.
- Kana Labs: A DeFi protocol focusing on cross-chain liquidity aggregation and gas abstraction, also supported by investors like Gate IO Labs.
- ZyFi: With significant transaction volume, this protocol allows users to pay for gas in any token and stands out for its efficient protocol architecture.
- Sophon: An L2 blockchain tailored for gaming and entertainment, attracting investments from Binance Labs and OKX Ventures.
- Stake Stone: Specializes in creating liquid staking tokens usable across chains, with top-tier investors like Binance Labs backing it.
Investment Insight
Many of these highlighted projects do not yet have tokens, which presents opportunities for liquidity providers to earn potential future airdrops. Abdullah expressed particular optimism about Open Eden due to its growing adoption and consistent TVL growth. He suggested that the sectors of Real World Assets (RWAs) and AI could see significant growth, reminiscent of early successes in the AI sector.
On the other hand, Ayush showed some caution, noting that many of the current projects are competitors rather than groundbreaking innovators. He did highlight Sophon for its successful $60 million node sale. Additionally, he discussed Mantis, an inter-blockchain communication protocol using Solana roll-ups, praised for its high tech score and significant funding.
Advanced Protocol Discussions
We discussed several advanced protocols, including:
- UMA Protocol: An optimistic oracle protocol with a tech score of 87, leveraging optimistic fraud proofs.
- Across Protocol: A bridge solution with strong adoption that may be undervalued, particularly compared to competitors like Stargate.
- Essential Blockchain: Scored 89 on a tech review, this L2 blockchain on Ethereum offers a declarative programming approach.
Token Launch Updates
We provided updates on several tokens, including:
- Peaq: Expected to launch soon, possibly delayed for a major exchange listing.
- Pixels and My Pet Hooligan: Already trading.
- Nillion: Scheduled for a Q4 launch following a Q2 sale.
Meme Coins
The discussion highlighted the cyclical nature of meme coins, which can yield significant returns if risks are managed properly. While they shouldn’t dominate one’s portfolio, their potential should not be overlooked. Meme coins have also facilitated easier entry for retail investors into the crypto space.
Miscellaneous Updates
Some projects such as Andrina, Nimble, Zero Gravity, and Koi did not have new updates. However, we mentioned that the mainnet for “script” has launched and projects like Analog and Gravity are preparing for their launches.
Bullish Sentiments
We expressed bullish sentiments on projects like Peaq, Movement Labs, and Nillion, while noting the strong fundamentals of ZK Pass and Carv in the gaming sector.
In conclusion, we emphasized the importance of investing with conviction and the potential for substantial returns in the crypto market. We look forward to continuing our research and sharing insights with you.
Thank you for your ongoing support, and we look forward to our next webinar.
Best regards,
The Token Metrics Team
