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

Solv Protocol is a decentralized platform designed to enhance yield and liquidity for major crypto assets through the creation of a Decentralized Bitcoin Reserve. Its goal is to enable Bitcoin (BTC) assets to flow across various blockchain networks, unifying Bitcoin’s liquidity and expanding its utility. Currently, BTC holders face limitations in deploying their assets on other blockchains, often leaving their BTC idle. Solv aims to address this issue by allowing BTC to interact with decentralized finance (DeFi) ecosystems, amplifying its role in the broader cryptocurrency market. Solv Protocol has raised $11 million in funding from prominent investors, including Binance Labs and Apollo Capital. The platform has also launched an XP campaign to engage users. In preparation for the launch of its native token, SOLV, Solv has confirmed an airdrop for users who collect XPs. To become eligible for the airdrop, users need to deposit tokens and accumulate XPs. Additionally, users can earn 10% of the XPs from each referral, boosting their chances of receiving SOLV tokens when they go live. Investors: Binance Labs, The Spartan Group, Sfermion, Blockchain.com, CMS Holdings, Hashed Fund.

Scroll is a zero-knowledge (ZK) Ethereum Virtual Machine (EVM) rollup that competes with other Layer-2 solutions like ZKsync Era and Starknet. Since its 2023 launch, the project has gained significant traction, with a total value locked (TVL) of $1.2 billion. Scroll enhances scalability and security using zk-SNARKs, a cryptographic proof that allows the network to verify transactions without exposing the underlying data. Additionally, Scroll’s EVM compatibility means Ethereum smart contracts can be deployed without modifications, making it appealing for developers looking to scale their applications easily. Scroll is set to launch its native token, SCR, on October 22 via an airdrop and a Binance listing. SCR will initially serve as a governance token and later become a utility token as the protocol decentralizes. Binance has allocated 55 million SCR tokens, representing 5.5% of the total supply, as rewards in its launch pool, starting October 11. The initial circulating supply will be 190 million tokens. Airdrop farming began on October 9, with Binance asking participants to lock their BNB and FDUSD for two days to earn SCR tokens. Investors: Polychain Capital, IOSG Ventures, Bain Capital Crypto, Variant, HongShan (ex-Sequoia China) Venture

OMNIA Protocol is a security-focused, decentralized infrastructure designed to ensure secure and private blockchain transactions. It supports various Web3 and DApp ecosystems by offering security-centric solutions that protect transactions without compromising network performance. OMNIA was co-founded in 2021 by CEO Cristian Lupascu and CTO Alexandru Lupascu. Listed advisors include ex-Kraken Managing Director Tal Cohen and Ilan Rakhamov, CEO and founder of ChainGPT. The protocol has partnerships with major names, including Microsoft, Google, AWS, Chainalysis, and Cloudflare. The OMNIA Initial DEX Offering (IDO) will take place on the ChainGPT Pad platform on October 14. It aims to raise $700,000 with a total of 2,000,000 OMNIA tokens made available at $0.35 USDT per token. The IDO provides early access to investors interested in participating in the growth of the OMNIA ecosystem. After the IDO, tokens will be subject to a vesting schedule, with 15% released at the Token Generation Event (TGE), a one-month cliff, and the remaining tokens vested linearly over eight months.