A Comprehensive Review of Promising Projects Launching Tokens in Q2
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A Comprehensive Review of Promising Projects Launching Tokens in Q2
Historically, during bull markets, new tokens have performed significantly better than older ones.
Navigating Web3 tides with focused insightsWritten by: The DeFi Investor
Translated by: TechFlow
Below is my watchlist of tokens launching in Q2:
In the infographic below, you can find brief descriptions of the projects on this list.
Historically, during bull markets, newly launched tokens significantly outperform older ones. $ALT, $JUP, $FLT, and $ENA are just a few recent examples of newly launched tokens that have performed exceptionally well.
That's why I believe upcoming token launches deserve close attention.
Here’s what you need to know about some of the top projects from my list above:
LayerZero Labs
LayerZero is undoubtedly the most popular cross-chain interoperability protocol.
One year after raising $120 million at a valuation of up to $3 billion, the protocol is finally preparing to launch its token.
As confirmed by its team in December 2023, the LayerZero token will be launched in the first half of 2024.
Given the massive valuation of Wormhole, one of LayerZero’s biggest competitors, I expect the LayerZero token to debut with a valuation exceeding $20 billion.
TFM
TFM is an all-in-one terminal for the Cosmos ecosystem.
It essentially serves as a super aggregator on Cosmos, offering four real-time professional trading products:
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Pro Trade: DEX aggregator
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IBC Swap: One-click cross-chain swap solution
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NFT Aggregator
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Limit Orders
The $TFM token is scheduled to launch in April. According to its team, $TFM will implement a revenue-sharing model.
EigenLayer
EigenLayer is a highly successful restaking protocol that has attracted over $11 billion in TVL in less than a year.
The EigenLayer mainnet is confirmed to launch within the coming weeks.
This would be an ideal timing for a token launch, and insiders indicate that the EigenLayer team indeed plans to release its token in Q2.
However, the official launch date for $EIGEN has not yet been announced.
1intro
1intro is an advanced DEX and liquidity bootstrapping platform launching on Solana, set to become Solana’s first Liquidity Bootstrapping Platform (LBP).
An LBP is a mechanism designed for fair token distribution and price discovery.
By using LBPs, new projects can raise funds and sell tokens at a fair market price determined by demand.
Since 1intro is building both a DEX and an LBP, it aims to become a one-stop platform on Solana.
Its token launch event is expected to take place sometime in the coming weeks.
Eclipse
Eclipse is the first Ethereum L2 powered by the Solana Virtual Machine (SVM).
The project recently raised $50 million from investors including Polychain Capital and Delphi Ventures.
Eclipse aims to offer the best of both worlds: Ethereum’s high security combined with Solana’s high scalability.
The L2 is expected to launch on mainnet in early 2024, with its token generation event likely to follow shortly after.
NATIX Network
Natix is described as the first AI-powered dynamic map enhanced by DePIN.
In short, the project incentivizes users to map their surroundings. The collected data is then used for smart cities and mobility applications.
To gather this data, NATIX implements a "drive-to-earn" model. To earn rewards, you simply download its app and keep it in detection mode while driving.
So far, the project's community has accumulated over 10 million kilometers driven.
The Natix token is scheduled to launch in Q2 2024.
SYMMIO
SYMMIO is building new trading tools enabling leveraged trading for any asset.
It uses an intent-centric design that allows builders and market makers to issue on-chain derivatives with deep liquidity.
Explaining how it works behind the scenes is somewhat complex. But in short, for every PartyA requesting a trade, there is a responding PartyB, and both parties provide collateral to execute the trade.
Due to its design, SYMMIO can support hundreds of trading pairs.
SYMMIO does not operate its own front end. However, multiple projects have already built front ends on top of SYMMIO, including:
SYMMIO’s token launch is expected in Q2.
zkSync
zkSync needs no introduction, as it is one of the leading Ethereum L2s.
Recently, zkSync’s founder stated: “The network must be decentralized; it must belong to its community. Now is the time to truly make that happen.”
This leads me to believe that the zkSync token launch is imminent.
IntentX
IntentX is the largest OTC decentralized perpetual exchange built on top of SYMMIO.
The protocol supports over 260 trading pairs with deep liquidity and currently averages around $15 million in daily trading volume.
Its token launch has been confirmed to occur immediately after IntentX deploys on Mantle.
Interestingly, IntentX will be the first project to support Ethena’s $USDe stablecoin as collateral for opening positions on Mantle.
IntentX’s multi-chain deployment on Mantle could happen within the coming weeks.
io.net
Ionet is a decentralized cloud computing service built on Solana, aiming to allow AI engineers to access distributed cloud clusters at a fraction of the cost of centralized providers.
With Ionet, you can either rent out your GPU or access computing power at lower costs.
The project recently announced partnerships with major industry players such as Render Network and Filecoin.
Its token launch event is scheduled for April 28.
Swell
Swell is the largest tokenless liquid staking protocol.
Recently, the protocol also launched its own liquidity restaking solution, and later this month, it will roll out its own Ethereum L2.
Swell’s L2 will be powered by Polygon SDK and will offer native restaking yields.
Notably, the L2 is being built in collaboration with Altlayer and EigenDA—both well-known names in the industry.
According to the Swell team, the Swell token generation event will take place in April.
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The DeFi Investor
