KernelDAO is a leading restaking ecosystem featuring three core products for restaking on Ethereum, its L2s, and BNB Chain. Kelp – A top liquid restaking protocol on Ethereum for secure and efficient restaking. Kernel – A BNB Chain restaking infrastructure integrated with 20+ projects, including AI and ZK networks. Gain – A tokenized rewards program maximizing user earnings through airdrops and high-yield opportunities. 

The KernelDAO ecosystem has accumulated over $2.3 billion in TVL, establishing itself as a leader in the restaking industry. The project has raised $10 million, with investors including Binance Labs, DWF Labs, HTX Ventures, SCB Limited, Laser Digital, and more. KernelDAO is now preparing for the TGE of its KERNEL token, scheduled for early Q1 2025. The tokenomics have been published, with 55% of the total supply allocated to community rewards, and users can currently participate in Season 2 of the airdrop. From January to April 2025, restake and enjoy up to 20% rewards, plus a 5% airdrop allocation for Season 2 participants

KERNEL Token utilities after TGE:

• Governance participation in key decisions across Kelp LRT, Kernel, and Gain.
• Restaking to enhance economic security for Kernel ecosystem projects, middleware, and applications.
• Potential airdrops and restaking rewards from ecosystem projects, including middleware and DeFi protocols.
• Liquidity provision on AMMs, generating additional $KERNEL rewards.
• Staked $KERNEL tokens to provide insurance against any slashing events and earn a share of protocol rewards in return

Total supply: 1 Billion $KERNEL

• 55% $KERNEL: Community Rewards & Airdrops
• 20% $KERNEL: Private Sale 
• 20% $KERNEL: Team & Advisors
• 5% $KERNEL:  Ecosystem & Partners 

2023, it enhances the trading experience within the Bitcoin ecosystem by allowing various Bitcoin ecosystem L1 and L2 native assets to be used as collateral. To date, Surf Protocol has achieved over $2 billion in trading volume and attracted more than 135,000 users.

As of January 2025, Surf Protocol has completed its first points farming season for the SURF token airdrop. The team is now preparing and testing the launch of an improved version, Surf V2. Despite limited community engagement, the protocol has undergone an audit by BEOSIN and is awaiting an audit review by CertiK. Surf has raised $3 million in funding from tier 2–3 investors, including C² Ventures, ABCDE, and Inception Capital.

Avalon Labs is a decentralized lending protocol, powered by Merlin Chain (Bitcoin L2). The platform provides innovative solutions like BTC-backed lending, a Bitcoin-backed stablecoin (USDa), and yield-generating accounts. Its aim is to develop a scalable, transparent, and user-friendly financial network that empowers Bitcoin holders and transforms Bitcoin into a versatile economic asset. In a relatively short time, the project has achieved over $2 billion in TVL and boasts more than 200,000 unique active users.

Currently, Avalon Labs is in the preparation stage for the launch of its native token (AVL). The tokenomics have already been revealed, with 90% of the tokens allocated to the community. Various campaigns are now underway, offering opportunities to receive AVL airdrops. Avalon Labs has raised $11.5 million in funding across two rounds from tier 2–4 investors, including Framework Ventures, Spark Digital Capital, Taiko, and others.

Initia is a network of interwoven optimistic rollups, reshaping multichain design, functionality, and user experience. It combines a foundational Layer 1 blockchain with integrated Layer 2 infrastructure, creating a unified ecosystem of modular, interconnected networks. Initia is currently in its testnet phase. It began with the successful launch of the Incentivized Public Testnet, which has since concluded. In October 2024, the second testnet chain, Initiation-2, was introduced. The project is now gearing up for its mainnet launch, set to coincide with the TGE of its native token, INIT. The mainnet will feature the Vested Interest Program (VIP), allocated 10% of the INIT supply at network genesis. This program is designed to utilize Initia’s Layer 1 architecture and native token, with distributions occurring over several years, akin to staking rewards. 

Initia has raised $25M across four funding rounds, reaching a valuation of $250M. The project is backed by Tier-1 funds such as Binance Labs and Delphi Ventures, alongside other leading investors, including Angel backers.

 Linea is a zkEVM Layer-2 network built by Consensys, the company founded by Ethereum co-founder Joseph Lubin. Since its mainnet launch on July 11, 2023, Linea has rapidly grown into one of the leading zkEVM ecosystems, featuring over 100 protocols, partners, and dApps and achieving a TVL close to $1 billion. Major exchanges like Bybit and OKX already support Linea for seamless deposits and withdrawals.

The network introduced the LXP Voyage program, allowing users to interact with the ecosystem and earn LXP tokens. These tokens could unlock community roles or perks, including a potential airdrop. Although the campaign has ended, the snapshot date has yet to be announced. The LINEA token is scheduled for release by the end of Q1 2025, enabling holders to participate in governance. With over 1.3 million verified addresses, Linea continues to grow organically and solidify its presence in the blockchain space.

Berachain was created by the team behind Bong Bears, an NFT collection launched in August 2021 by four pseudonymous founders: Smokey the Bera, Papa Bear, Homme Bera, and Dev Bear. Berachain is an EVM-equivalent Layer 1 blockchain built on the Cosmos SDK, utilizing Proof of Liquidity consensus, a variant of delegated Proof of Stake. Its mission is to align incentives between security and liquidity at the protocol level, offering a strong foundation for decentralized applications and financial systems.

The project raised a total of $142M across two rounds of funding. In the Series A round, $42M was raised, with Polychain Capital (a tier-1 fund) as the lead investor. In the Series B round, $100M was raised, with investments from Framework Ventures (tier-2 fund) and Brewin Howard Digital (tier-3 fund), among others. The project is currently valued at $420.69M. The Berachain mainnet has not yet been launched and is awaiting an official release date. However, the project is currently in the testnet phase, where it operates with a system of three tokens:

1. BERA is used for transaction fees (gas token) and staking to activate validator nodes, securing the network.
2. BGT is non-transferable and can be earned by performing specific actions in authorized dApps on Berachain.
3. HONEY is the native stablecoin of Berachain.

Reown (formerly WalletConnect Inc.) is an on-chain user experience (UX) platform focused on providing developers with tools to create seamless, intuitive, and secure digital ownership experiences. Founded in 2018 as WalletConnect, it evolved from a simple QR code solution to a comprehensive network and product suite supporting over 40,000 app projects, 600+ wallets, and 23+ million users. In 2023, WalletConnect rebranded to Reown, signaling a new chapter focused on improving Web3 accessibility and usability. With this new chapter, Reown is launching its native governance token, WCT, on Optimism’s OP Mainnet. The WCT token will play a key role in driving the network’s decentralization, incentivizing node operators, and empowering users, apps, and wallets within the ecosystem. Investors: Coinbase Ventures, HashKey Capital, Circle, ConsenSys, Polygon Ventures, 1kx

Magic Eden, originally launched as a Solana NFT platform, achieved unicorn status in February 2023 after raising $130 million in a Series B funding round, with participation from Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm, and Sequoia Capital. This followed a $27 million Series A round just three months earlier, bringing Magic Eden’s valuation to $1.6 billion. With the new funding, Magic Eden expanded its offerings to include multi-chain NFTs, now supporting not only Solana but also Bitcoin, Polygon, Base, and Ethereum NFTs. One of its key advantages is significantly lower transaction fees compared to other marketplaces. In October, Magic Eden will launch ME test tokens via a mobile token claim inside the Magic Eden Wallet. These tokens have no utility or value and are meant to simulate the process for the upcoming real ME token claim. Following this test, the project will release tokenomics details and the official TGE. Investors: Paradigm, Coinbase Ventures, Sequoia Capital, Electric Capital, Animoca Brands, Solana Ventures