Cryptocurrency projects are based on blockchain technology, involving digital currencies, smart contracts, decentralized finance (DeFi), and other fields. Here are some introductions to various types of cryptocurrency projects:
Layer1/L2 Project: Pharos: It is an EVM-compatible Layer1 project founded by former executives of Ant Group. It completed an $8 million seed round of financing in November 2024, with a strong team background; the founder Alex Zhang was the former CTO of Ant Blockchain.
Aztec: It is a privacy-centric Ethereum L2 scaling network, with a public test network launching on May 1, 2025, dedicated to achieving user privacy on Ethereum while supporting programmable smart contracts.
Ink: It is an L2 network launched by the U.S. cryptocurrency exchange Kraken based on the Optimism Superchain, with the mainnet launching in December 2024 and the announcement of the INK token on June 17, 2025, with a total supply of 1 billion.
Artificial Intelligence Encryption Project: Bittensor (TAO): It is a decentralized machine learning network where AI models provide value through competition and collaboration, earning TAO tokens. TAO is used for equity stakes in subnets, governance participation, and reward output, forming the core of the protocol's functionality.
Grass (GRASS): It belongs to a decentralized physical infrastructure network (DePIN), transforming idle internet bandwidth into a valuable resource for AI data scraping.
GRIFFAIN: Operates on Solana, allowing users to perform DeFi operations using natural language commands and ensuring security through decentralized key splitting.
DeFi Project: MKB: Set to launch in June 2025, developed by a Silicon Valley tech team. It achieves dynamic optimization of contract operations through an interactive architecture of 15 on-chain smart contracts for AI large models. Its 'hive economic model' can dynamically adjust market supply and demand, has passed Certik's security audit, and is the first DeFi project to achieve zero policy risk.
Ethena: In 2024, it launched a new type of stablecoin, adopting an innovative dual-asset model with a dynamic collateral mechanism, using various crypto assets as collateral, and dynamically adjusting the collateral rate via smart contracts to ensure price stability, with a circulation exceeding $5.9 billion and a wide range of application scenarios.
PENDLE: In 2024, it achieved significant breakthroughs in the DeFi field with its unique interest rate swap design. Through a time-separation mechanism, it decomposes yield-bearing assets into core assets and future yield rights, reducing the entry barrier to the interest rate market, with total locked value having once exceeded $4.3 billion.
Prediction Market Project: The decentralized prediction market platform demonstrated exceptional foresight in the 2024 U.S. presidential election, successfully predicting the final result through the wisdom of market participants. With the improvement of regulatory frameworks, it is expected to provide forward-looking data insights across multiple fields.
Cryptocurrency Social Project: Such as FriendTech, launching version 2 and tokens in 2024, allowing users to 'tokenize' social relationships, where fans can purchase 'social shares' of specific users to gain interaction privileges. Although it was once very popular, later issues like high volatility and price manipulation caused user growth to stagnate.
