Weekly Hot Project Roundup (Oct 28-Nov 01, 2024)

11/1/2024, 7:59:55 AM
Beginner
Research
Gate Research's latest weekly roundup of hot projects spotlights a surge of innovations in the Solana ecosystem, capturing significant market attention. The successful fundraising of daos.fun, Jupiter's ApePro platform driving TVL growth, the flourishing LSTs market, and the successful launch of sUSD have collectively propelled the Solana ecosystem's rapid expansion. Additionally, the upgrade of Bitcoin sidechain Stacks and Lido V3's successes have injected fresh energy into the wider blockchain industry. These advancements highlight blockchain technology's increasing significance in driving financial innovation and enhancing asset liquidity.

Overview

This report highlights key developments in the blockchain industry from October 28 to November 1, 2024. The industry has shown strong growth, with several projects achieving significant milestones. The Solana ecosystem has been particularly impressive with daos.fun successfully raising funds, Jupiter’s new ApePro platform boosting TVL to a record high, a thriving market for Liquid Staking Tokens (LSTs), and the successful launch of sUSD. These events highlight Solana’s robust ecosystem. Other notable developments include the upgrade of Stacks, a Bitcoin sidechain, and the expansion of Lido V3’s lending scale. These advancements demonstrate blockchain technology’s growing potential in DeFi, NFTs, and sidechains, opening up new user possibilities.

Projects

DAOS.fun Raised Over 7,880 SOL

Within 24 hours of its launch, daos.fun successfully raised over 7,880 SOL. This innovative platform operates as a decentralized autonomous organization (DAO), offering creators a week-long window to secure their required SOL funding. The fundraising process adheres to a fair sale model, ensuring all participants acquire DAO tokens at an equal price. Post-fundraising, creators gain control over the raised SOL, which they can invest in Solana protocols of their choosing. The DAO wallet is secured upon fund maturation, and any profitable SOL is distributed among token holders. Participants then have the option to either burn their DAO tokens to reclaim the DAO’s underlying assets or sell their tokens on the open market if the valuation exceeds the initial fundraising amount.

Most projects cluster around high fundraising amounts, with the top two projects capturing most of the funds, indicating that market participants prefer buying tokens from top creators. A project called “ai16z,” an AI-driven fund mimicking Marc Andreessen’s trading behavior, rapidly grew from its initial $1 million in market cap to a peak of nearly $100 million. This project sparked market buzz after Andreessen interacted with it on social media. However, ai16z’s market cap has since fallen back to $54 million, with the fund set to mature in October 2025. The token is currently listed in the Gate.io Pilot section.

Solana Ecosystem DEX Jupiter TVL Reaches New High

Recently, Jupiter launched a new platform, ApePro, specifically for Memecoin trading, attracting many users and capital. According to DeFiLlama data, the total value locked (TVL) of Solana ecosystem DEX Jupiter Exchange has exceeded $1.55 billion, marking a historic high.

Total Market Cap of Solana Liquid Staking Tokens (LSTs) Surpasses $5 Billion

Data from Dune reveals that the total market capitalization of Solana’s liquid staking tokens (LSTs) has exceeded $5 billion, setting a new record. The top three LSTs by market cap are JitoSOL (43.6%), mSOL (17.1%), and jupSOL (12.1%).

Bitcoin L2 Network Stacks Completes Nakamoto Upgrade, Boosting Transaction Speed to Seconds

On October 29, the Stacks Nakamoto upgrade went live, marking a significant leap forward for the Bitcoin ecosystem. For transactions on Stacks, Bitcoin finality now reaches 100%, with transaction sequencing and reversal protected by Bitcoin’s full hash power. “Fast Blocks” slash delays to mere seconds, a stark improvement over Bitcoin’s 10–40 minute window. Stacks will no longer fork with Bitcoin; the only way to fork Stacks Layer 2 is by restructuring Bitcoin itself. This upgrade also paves the way for the BTC-based derivative SBTC, which is expected to go live within 4–6 weeks post-upgrade.

According to DeFiLlama, Stacks holds 12.45% of total TVL among BTC sidechain projects, ranking third after CORE and Bitlayer. Currently, 19 protocols are developing within the Stacks ecosystem, with StackingDAO holding the largest TVL. This Nakamoto upgrade will likely attract developers and users, accelerating Stacks’ growth in the Bitcoin sidechain ecosystem.

sUSD Highly Sought After Upon Launch, Exceeding $10 Million in Deposits in the First Hour

sUSD, the synthetic stablecoin backed by real-world assets (RWA) and issued by Solana’s first re-staking platform, Solayer, went live on October 30. It follows the Solana Token2022 standard and is collateralized by U.S. Treasury RWA tokens. Within the first hour, deposits exceeded $10 million, attracting nearly 5,900 deposits. By October 31 at 9:30 UTC, total deposits reached $12.26 million.

Lido V3 Lending Volume Surpasses $1 Billion

According to decentralized lending platform Aave, as of October 31, Lido V3’s market has reached over $1 billion in lending volume in just three months, showcasing robust growth. Lido V3 offers liquidity for staked ETH, attracting a substantial user base. This milestone reflects the DeFi ecosystem’s ongoing demand for efficient capital utilization.



References:

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



Gate Research
Gate Research is a comprehensive blockchain and cryptocurrency research platform that delivers in-depth content. This includes technical analysis, hot topic insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click here to visit now

Disclaimer
Investing in the cryptocurrency market involves high risk, and it is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.

Share

Crypto Calendar

Proje Güncellemeleri
Etherex, 6 Ağustos'ta REX token'ını piyasaya sürecek.
REX
22.27%
2025-08-06
NFT AI Ürün Lansmanı
Nuls, üçüncü çeyrekte bir NFT AI ürünü piyasaya sürecek.
NULS
2.77%
2025-08-06
dValueChain v.1.0 Lansmanı
Bio Protocol, ilk çeyrekte dValueChain v.1.0'ı piyasaya sürmeye hazırlanıyor. Amacı, DeSci ekosisteminde güvenli, şeffaf ve değiştirilemez tıbbi kayıtlar sağlamak için merkeziyetsiz bir sağlık veri ağı kurmaktır.
BIO
-2.47%
2025-08-06
Yapay Zeka Tarafından Üretilen Video Altyazıları
Verasity, dördüncü çeyrekte AI tarafından üretilen video altyazı fonksiyonu ekleyecek.
VRA
-1.44%
2025-08-06
VeraPlayer Çok Dilli Destek
Verasity, dördüncü çeyrekte VeraPlayer'a çok dilli destek ekleyecek.
VRA
-1.44%
2025-08-06

Related Articles

Gate Research: BTC Breaks $100K Milestone, November Crypto Trading Volume Exceeds $10 Trillion For First Time
Advanced

Gate Research: BTC Breaks $100K Milestone, November Crypto Trading Volume Exceeds $10 Trillion For First Time

Gate Research Weekly Report: Bitcoin saw an upward trend this week, rising 8.39% to $100,550, breaking through $100,000 to reach a new all-time high. Support levels should be monitored for potential pullbacks. Over the past 7 days, ETH price increased by 6.16% to $3,852.58, currently in an upward channel with key breakthrough levels to watch. Grayscale has applied to convert its Solana Trust into a spot ETF. Bitcoin's new ATH coincided with surging Coinbase premiums, indicating strong buying power from U.S. market participants. Multiple projects secured funding this week across various sectors including infrastructure, totaling $103 million.
12/6/2024, 3:07:33 AM
Gate Research: 2024 Cryptocurrency Market  Review and 2025 Trend Forecast
Advanced

Gate Research: 2024 Cryptocurrency Market Review and 2025 Trend Forecast

This report provides a comprehensive analysis of the past year's market performance and future development trends from four key perspectives: market overview, popular ecosystems, trending sectors, and future trend predictions. In 2024, the total cryptocurrency market capitalization reached an all-time high, with Bitcoin surpassing $100,000 for the first time. On-chain Real World Assets (RWA) and the artificial intelligence sector experienced rapid growth, becoming major drivers of market expansion. Additionally, the global regulatory landscape has gradually become clearer, laying a solid foundation for market development in 2025.
1/24/2025, 8:09:57 AM
Gate Research-A Study on the Correlation Between Memecoin and Bitcoin Prices
Advanced

Gate Research-A Study on the Correlation Between Memecoin and Bitcoin Prices

This paper delves into the correlation between Memecoin and Bitcoin prices, analyzing their relationship in terms of price trends, trading volume, and market sentiment. Through data collection, statistical analysis, and case studies, significant correlations were found between the two, influenced by multiple factors including market sentiment, investor behavior, and policy environment. The research outlines the market development history of Bitcoin and Memecoin, discusses key factors affecting prices, and provides future trend predictions. The paper also offers recommendations for investors, regulatory bodies, and industry practitioners, aiming to promote healthy development of the cryptocurrency market and improve investment decision-making rationality.
1/14/2025, 2:28:04 AM
Gate Research: Web3 Industry Funding Report - November 2024
Advanced

Gate Research: Web3 Industry Funding Report - November 2024

This report summarizes Web3 industry fundraising activities in November 2024. The industry completed 121 funding deals totaling $1.76 billion—a 28.45% decrease from the previous month. Fundraising approaches showed greater diversity, highlighted by MARA's convertible bond issuance and OG Labs' innovative combination of seed round financing and token purchase commitments. Blockchain services and public chain sectors attracted the most investment attention. The report explores key funding achievements from notable projects, including 0G Labs, StakeStone, KGeN, Noble, and Deblock.
12/13/2024, 3:30:58 PM
Gate Research: October Crypto Market Review
Advanced

Gate Research: October Crypto Market Review

Gate Research Monthly Report: In October, the cryptocurrency market fluctuated between a total market capitalization of $2.2 trillion and $2.5 trillion, impacted by the uncertainty surrounding the U.S. election results and geopolitical tensions. The market displayed a cautious, wait-and-see attitude. Solana saw a significant increase in daily active addresses, reaching 8.17 million on October 29, marking a month-on-month growth rate of 39.7%. The surge in MEME token trading likely contributed to the rise in on-chain active addresses. The Web3 industry attracted a total of 96 funding rounds, raising an impressive $793 million. Among these, the wallet and CeFi sectors were the most active, securing $210 million and $153 million, respectively.
11/18/2024, 3:53:13 AM
Gate Research: Crypto Policy and Macro Report for November 2024
Advanced

Gate Research: Crypto Policy and Macro Report for November 2024

November saw significant developments in cryptocurrency policy and markets. Paxos introduced the USDG stablecoin, while UBS expanded its tokenized fund to Ethereum, strengthening the bridge between traditional finance and blockchain technology. 21Shares' XRP ETF filing marked another step toward mainstream crypto adoption. Russia implemented cryptocurrency mining and taxation regulations, as Japan and South Korea reformed their crypto tax policies. The UK House of Lords endorsed the "Property (Digital Asset etc) Bill," and Morocco moved to reinstate cryptocurrency trading. In the U.S., key developments included a Bitcoin reserve proposal, CBOE's introduction of Bitcoin options, and President-elect Trump's nomination of a pro-crypto Commerce Secretary. These developments signal blockchain and cryptocurrency's growing integration into mainstream finance, representing a fundamental shift in the financial landscape.
12/13/2024, 3:23:22 AM
Start Now
Sign up and get a
$100
Voucher!