We analyze the fundamentals of the project (market size, innovation/practicality, team), current market value (market value, current circulation), stability (probability of rising is greater than probability of falling), and only analyze the data level. We do not make any endorsements or investment suggestions. The ranking is based on personal experience and preference.
1.Link
The leader in the oracle track, although it has increased by 2-3 times, I still think it has unlimited potential. I have also mentioned in the previous program that it is a bridge connecting the real world and the blockchain world. I can call it the three cakes. It is not only indispensable in defi, but it can actually be applied to many fields, such as real-world NFT, insurance, used cars, Internet of Things, etc., so the innovation value can be rated 5 stars, and the market size depends on how big the defi field is. The current market value is 8 billion US dollars, and the highest market value in the last bull market was 16 billion US dollars. Currently, 40% of the tokens have not been unlocked. If it reaches the high point of the last bull market, and then releases about 7% of emissions each year, it can basically be ignored. Therefore, it is not a problem to double the bull market by 10 times and reach a size of 60-80 billion. That is to say, even with the current size, there is still 10 times the room.
2. HIM
As the leader of DEX, although the team's actions some time ago hurt the hearts of some large coin holders, it still does not prevent it from being one of the largest and most user-friendly DEXs. Its current TVL is 3.7 billion US dollars, far ahead of the rest, especially the V4 version that is about to be launched, which will be even more user-friendly. Its innovation index is also full marks, and its market capitalization scale and financial track are also full marks. Its current market capitalization is 2.8 billion US dollars. The peak of the last bull market was 36.6 billion US dollars. Currently, 42% of the tokens have not been unlocked, and 2% will be released each year. Therefore, even if it reaches the peak of the last bull market, there is still nearly 13 times of room for growth, and this bull market is estimated to be 60-80 billion, so there is at least 25 times of room for growth.
3.APE
As the leader of NFT coin, we have analyzed in the program that yugalabs's operational capabilities are at the top of the pyramid. At present, the team has also completed the reorganization and is ready to sprint this chain game. In addition, we have analyzed in the program that this team has an annual royalty income of 50 million US dollars (150 million US dollars in the bull market) from the BAYC IP alone. There is a lot of cash in hand, so I don’t believe that it will not do well in this game. It will definitely do well. Yugalabs has proved itself countless times. I give full marks to this team's ability. Chain game Saida is also very big. At present, 64% of the tokens have not been unlocked, and the proportion of releasing 7.5% each year is currently 540 million US dollars. As for the estimation of market value, you can refer to the highest market value of 45 billion US dollars in the last bull market chain game axie, so there is still 80 times of space at present.
4. SNX
The leader in synthetic assets in the DEFI field, which has also been introduced in our 100-fold series, has unlimited potential and an unlimited industry. It can synthesize any real-world assets into on-chain assets, greatly promoting the development of the blockchain financial industry. It has also tripled, and the increase is very fierce, indicating that a lot of smart money has come in. The current market value is 900 million US dollars, and it is basically unlocked. There is no so-called inflation, because when others take things to pledge, they will synthesize SNX, so this is meaningless. Of course, there are also zero-sum game elements in the current SNX mechanism. You can see the content of the official account for details. The estimated market value of this project is at least 20-30 billion, which means there is still 30 times of room.
5. RNDR
The leader of decentralized cloud rendering is also one of the 100-fold series we talked about. In March, it was about 1.3, and now it has risen to 3.3. The industry pool is large enough, with a market size of 30 billion US dollars in 2025. The fundamentals are also very good, and the investment institutions are also very strong, all of which are big film companies. The integration of the token model is also unbeatable. The current market value is 1.2 billion US dollars, and there are still 40% of the tokens that have not been unlocked, and the unlocking rate is about 10% per year. The bull market estimate for this project is at least around 10-20 billion US dollars, so there is also about 15 times of space.
6.STX
Bitcoin L2 leader, this project has actually been quietly developing for nearly 10 years, and has been deeply engaged in Bitcoin L2. It was not until the recent popularity of inscriptions that we discovered its existence. Therefore, this project has not died after 10 years, which shows that the team wants to do something, not just to collect money and run away. With the popularity of Bitcoin in the bull market, it will definitely be popular. The current market value is 860 million US dollars, and there is still 20% unlocked. Assuming that Ethereum's L2 can reach 50 billion US dollars, why can't Bitcoin's L2 reach it? So the current estimate is that there is also a 50-fold space.
7. GHOST
DEFI lending leader, the undisputed leading DEFI project on Ethereum, the leader in the lending field, currently has a TVL of 5.8 billion US dollars. Let's look at the data. The current TVL of Ethereum is 26 billion US dollars, so AAVE accounts for 22%. The previous program also mentioned that the protocol can currently earn about 30-50 million US dollars a year, and the bull market should be more. The highest market value in the last bull market was 24 billion US dollars, and its current market value is only 1.4 billion US dollars, so even if it rises to the high point of the last wave, there is still 17 times the space. The estimated market value in the next bull market is at least 30-40 billion, so the optimistic estimate is about 28 times.
I will share these 7 for your reference first. You can add them to your candidate library and make your own decisions. Pay attention to them first and continue to share them later.
