10.28-11.01 Hot Projects

Overview

This report focuses on the major developments in the blockchain industry from October 28th to November 1st. Recently, the industry has shown strong momentum, with significant progress in multiple projects. Among them, the Solana ecosystem has performed particularly well, with daos.fun's financing being hot, Jupiter launching the ApePro platform and driving TVL growth, a prosperous LSTs market, successful issuance of sUSD, and a series of events fully demonstrating the vitality of the Solana ecosystem. In addition, the upgrade of BTCSidechainStacks and the expansion of Lido V3's lending scale have injected new momentum into the entire industry. These developments indicate that blockchain technology has broad prospects for development in Decentralized Finance, Non-fungible Token, Sidechains, and other fields, providing users with more possibilities for innovative applications.

Project

daos.fun raised more than 7,880 SOL

After one day of launch, daos.fun raised over 7,880 Sol. daos.fun is a Decentralized Autonomous Organization (DAO) platform where creators have one week to raise the required SOL funds. The fundraising process is a fair sale where all participants purchase DAO Token at the same price. After the fundraising ends, the creators will control the raised SOL and invest in the Solana protocol of their choice. When the funds mature, the DAO Wallet is frozen, and the profitable SOL will be distributed back to Tokenholders. Users can choose to burn their DAO Tokens to redeem the underlying assets of DAO, or sell Tokens on the market when the Market Cap exceeds the fundraising amount.

The vast majority of projects focus on higher fundraising amounts, with the first two projects accounting for most of the fundraising, indicating that market participants tend to buy tokens from top creators. An AI robot fund called ai16z on the daos.fun platform mimics Marc Andreessen's trading behavior, quickly rising from an initial $1 million in assets to a historical high of nearly $100 million. The market was heated up after Andreessen himself responded and interacted with the fund on social media, but the TokenMarket Cap has now fallen to $54 million. The fund is scheduled to expire in October 2025. Currently, the token has been listed in the gate Innovation Zone.【2】

Recently, Jupiter launched a new platform, ApePro, designed specifically for Memecoin trading, attracting a large number of users and capital inflows. According to DeFiLlama data, the total Lock-up Position value (TVL) of Solana's ecosystem DEX Jupiter Exchange has surpassed $15.5 billion, setting a new historical high. [3]

Solana Liquidity Staking Tokens (LSTs) total Market Cap breaks 50 billion US dollars

According to Dune data, the total market capitalization of Solana's liquidity staking tokens (LSTs) has surpassed $5 billion, reaching a historic high. The top three LSTs ranked by market capitalization are JitoSOL accounting for 43.6%, mSOL accounting for 17.1%, and jupSOL accounting for 12.1%. [4]

BTC Layer2 Network Stacks Completes Nakamoto Upgrade, Transaction Confirmation Speeds Increase to Seconds

According to DefiLlama data, Stacks accounts for 12.45% of the total locked value in the BTC Sidechain project, ranking third, second only to CORE and Bitlayer. Currently, there are 19 protocols developed on the Stacks ecosystem, with StackingDAO's TVL leading the way on Stacks. The upcoming Nakamoto upgrade is expected to further enhance its appeal to developers and users, accelerating the development of Stacks in the BTCSidechain ecosystem.

Solana's first re-stake platform Solayer's RWA-supported synthetic stablecoin sUSD was launched on October 30th. It adopts the Solana Token2022 standard and is collateralized by US Treasury RWA Token. Within one hour of its launch, the deposits exceeded $10 million, attracting nearly 5,900 deposits. As of 9:30 am on October 31st (UTC+0), the total deposits have reached $12.26 million. [8]

Lido V3 borrowing scale breaks 1 billion US dollars

According to the data from Decentralization lending platform Aave on October 31st, the Lido V3 market reached a lending scale of over 1 billion US dollars in just three months, demonstrating a strong rise momentum. Lido V3 provides Liquidity for staked ETH, attracting a large number of users to participate in lending activities. This achievement reflects the continuous demand for efficient capital utilization in the Decentralized Finance ecosystem.

Reference:

  1. Gate.io, https://www.gate.io/zh/pilot/solana/ai16z-ai16z
  2. DefiLlama, https://defillama.com/protocol/jupiter
  3. Dune, https://dune.com/21co/solana-liquid-staking-tokens
  4. X, https://x.com/Stacks/status/1851142979953500573
  5. X, https://x.com/muneeb/status/1851161378997825837
  6. DefiLlama, https://defillama.com/chains/Bitcoin%20Sidechain
  7. Solayer, https://app.solayer.org/dashboard
  8. Aave, https://app.aave.com/markets/?marketName=proto_lido_v3

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