Crypto Assets Project Development Trend Analysis

In order to explore the evolution trends of current Crypto Assets projects, we analyzed some active projects that have not yet conducted token generation events (TGE). Through the study of 43 Pre-TGE projects, we discovered some interesting data and roughly outlined the mainstream directions and evolution trends of current Crypto Assets projects. Ultimately, we summarized 8 minor trends, which will be introduced one by one below.

1. Artificial Intelligence Becomes the Hottest Track

Among all projects, AI-related projects account for as much as 25.5%, with a total of 11 projects. These projects show diverse development and can be mainly divided into three categories: AI-specific blockchains, decentralized AI(DeFi Agent), and AI infrastructure.

Among them, AI-specific blockchain projects received the largest amount of financing and the highest number. The top three projects in terms of financing amounts raised $75 million, $32.5 million, and $29 million respectively.

2. The Layer 1 blockchain track continues to be hot, showing high performance and verticalization trends.

The number of Layer 1 blockchain projects is second only to AI projects, accounting for 23.2%, with a total of 10 projects. These projects are mainly divided into the following categories:

• High-performance Layer1: 3
• AI Customized Layer1: 6
• Dedicated data type Layer 1: 1

3. Full-Chain Applications Become a New Trend

There are a total of 8 infrastructure and application projects on the entire chain, accounting for 18.6%. These projects include decentralized application platforms that support multi-chain deployment, customized Rollup platforms, one-stop multi-chain financial platforms, and programmable multi-chain liquidity networks.

4. General Layer 2 gradually disappears, signs of vertical Layer 2 emerging

We have found that general Layer2 projects have almost disappeared, replaced by some vertical Layer2 projects, such as Layer2 supporting multiple virtual machines, Layer2 focused on the DeFi ecosystem, and high-performance Ethereum Layer2 capable of parallel processing of computing tasks.

5. The number of Bitcoin ecosystem projects has significantly decreased

Although Bitcoin ecological projects still exist, their number has significantly decreased, with only 4 projects remaining. These projects are mainly focused on cross-chain applications and yield generation related to Bitcoin.

6. Zero-knowledge proof technology is still in the infrastructure and technical service stage.

There are a total of 3 projects related to Zero Knowledge Proofs ( ZK ), mainly focused on infrastructure construction and technology service provision.

7. The number of traditional track events has significantly decreased

The number of once-popular project tracks such as GameFi, SocialFi, decentralized identity ( DID ), and decentralized physical infrastructure ( DePIN ) has significantly decreased, showing a trend of marginalization. Among the projects we investigated, there are only a total of 4.5 projects of these types.

8. The Track with the Highest Financing Amount

The three sectors with the highest financing amounts are Layer 1, AI, and full-chain applications, basically representing the main development trends of current Crypto Assets projects.

• The project with the highest financing amount is a high-performance Layer 1 blockchain project, raising $224 million.
• The second highest is an AI-specific blockchain project, raising $75 million.
• The third highest is an all-in-one multi-chain financial platform that raised 65.3 million dollars.

Summary

Through the research of these Pre-TGE projects, we can see that both Layer1 and Layer2 are showing a vertical trend, with a large amount of financing concentrated in vertical Layer1 and Layer2 projects. AI blockchain has become the hottest track, and full-chain applications are the mainstream trend in blockchain and applications. At the same time, many traditional tracks are gradually declining, and a new round of Crypto Assets cycles is forming.