Recently, as a US federal judge ruled that XRP is not a security when sold to retail investors, Ripple has won a brief victory in its three-year battle with the US SEC. Influenced by this news, the prices of many currencies in the crypto market have risen sharply, and many KOLs have expressed their expectations for the arrival of a small bull market.
In this regard, Crypto researchers MooMs and Salazar.eth summarized 20 "potential stocks" that are worth ambushing in the bear market and may hit the front line in the next bull market. Bai Ze Research Institute sorted them out and slightly modified them. It should be noted that any of the following projects and opinions should not constitute investment advice. DYOR
1. Mantle
Mantle is a novel L2 solution backed by BitDAO (the DAO manages ~$3.2 billion) and supported by multiple crypto entities including ByBit. Its core modular design and all the partnerships make it one of the most promising L2s.
2. Radiant
Radiant is a full-chain lending protocol based on LayerZero. It allows users to pledge funds on one chain and borrow from another chain at the same time.
Its indicators are impressive in the current bear market:
• TVL – $665 million
• Market Cap – $84 Million
• Annual revenue – $19 million
3. MUX Protocol
MUX Protocol is a perpetual DEX aggregator that provides users with deeper liquidity and lower slippage.
MUX will benefit as the sustainable DEX track develops and projects innovate and improve.
It ranks consistently among the top 5 with excellent metrics.
4. Optimism
The third largest ETH rollup by TVL.
Their vision for the OP Stack and Superchain ecosystem is very promising and already has several notable players:
• Coinbase
• Binance
• Worldcoin
• a16z
5. Velodrome
It is the largest protocol on Optimism by TVL, one of the largest DEXs in all of DeFi, and the most decentralized (no risk investing/private financing + 100% of revenue goes to the community).
Its metrics are perfect (Market Cap/TVL = 0.06), and it will also become a top DEX on Base, Coinbase’s L2 network built on OP Stack.
6. Maverick
Maverick recently completed a $9 million funding round and aims to leverage an innovative AMM model that allows users to provide liquidity based on market conditions with high capital efficiency.
Maverick is positioned by the crypto community as the leading DEX for LST (Liquid Staking Tokens), which is bullish.
7. Pendle
Pendle enables users to trade yield strategies through AMMs by earning yield tokens (yield is separate from principal).
For example, users can purchase LSD ETH at a discount without yield and speculate on the yield of GLP.
8. Premia Finance
Premia ranks third in the options space, allowing users to trade options with “best-in-class pricing” based on real-time supply and demand. Its model provides a more efficient capital structure and a fairer experience for traders and liquidity providers.
9. Frax Finance
I like to call Frax a “super app” because it allows users to mint FRAX (a partially collateralized decentralized stablecoin) and frxETH (one of the largest LSTs in DeFi).
It is the most promising DeFi stablecoin protocol and one of the most promising protocols in the LSDfi field.
10. Unibot
Unibot is a Telegram bot that allows users to trade DeFi projects directly from within the TG chat.
It brings DeFi to Telegram and simplifies the user experience.
Unibot is deployed only on the ETH network, but it generated about $690,000 in revenue last month.
11. Scroll
When we think of zkEVM, we think of Scroll. Why?
Scroll positions itself as the zk Rollup L2 network with the most complete Ethereum spirit. In addition to being well-funded (Polychain, Sequoia China, OKX, etc. participated in the investment), the development team has excellent technology to support this positioning. In my opinion, Scroll will become the first zkR.
12. Polygon 2.0
“Divergence Phase”: From sidechains to the proposed Validium to becoming the first zkEVM, Polygon has led many narratives by experimenting and trying every possible way to scale the Ethereum network.
"Final stage": With the launch of OP Stack by Optimism, other leading L2s such as Arbitrum and zkSync are also making similar modular expansion attempts. This includes the Polygon development team's recent proposal of the Polygon 2.0 upgrade, which aims to become a "supernet that combines many L2s" in which any user can create, exchange, and program value, and any developer can create an L2 network without permission.
13. Starknet
Starknet is an Ethereum zk Rollup L2 network. Starknet is not classified as zkEVM because it uses the programming language Cairo. The purpose of Starknet is to generate STARK proofs, reduce the time spent verifying transactions, while maintaining the security of the Ethereum mainnet, thereby achieving low transaction fees and high throughput.
From the recent Quantum Leap upgrade to the upcoming improved Cairo 2.0, transaction speeds are expected to increase significantly in the long run, helping dApps such as DeFi, gaming, and social to push the boundaries of possibility.
14. EigenLayer
EigenLayer is a game-changing protocol that first proposed the “re-staking” narrative. EigenLayer is a value layer that most dApps, RAAS (Rollups-as-a-Service), L1, and L2 can use as their economic structure.
AltLayer just announced its partnership with EigenLayer a few days ago, and the Mantle network has also chosen to adopt EigenLayer. I believe many people will follow suit in the future.
15. Thena Finance
Thena is a DEX built on the BSC network and is one of the highest yielding protocols for token holders in the entire BSC ecosystem.
Launched 6 months ago, but current market capitalization is only $5.2 million.
If Binance supports (or lists) this BSC native project, or if Thena goes multi-chain, then Thena still has great potential.
16. Lybra Finance
Lybra Finance is one of the best LSDFi projects, a stablecoin protocol supported by LSD. Its selling point is that users can mint the automatically interest-bearing stablecoin eUSD by depositing ETH or stETH, and holders can get real-time income of about 7.2% APY.
“Give you a stablecoin, and as long as you hold on to it, it will multiply in your wallet.”
Lybra Finance has generated over $1 million in real returns for eUSD holders.
Expect the protocol to get even better with the upcoming V2 upgrade.
17. LayerZero
LayerZero is a cross-chain infrastructure (not a cross-chain bridge) that helps users and developers transfer information between different blockchain networks, and also transfer information between dApps in different networks, thus realizing full-chain dApps. For example, the data and asset interaction information of DeFi applications on chain A can be transferred to DeFi applications on chain B.
Currently, LayerZero supports information transmission between EVM chains such as Ethereum, Avalanche, Fantom, Arbitrum, Optimism, and non-EVM chains such as Aptos.
It can be said that LayerZero is one of the best innovations in the crypto industry today, and has received support from top venture capital firms including a16z and Sequoia.
18. Ethos Reserve
Ethos Reserve is an efficient and stable lending protocol built on the Optimism network with high LTV (loan value), accepting multiple collateral types, and providing interest-free credit.
Currently, users can earn stablecoin ERN by depositing assets such as ETH, BTC, and OP.
19. Conic Finance
Conic Finance is a platform built for liquidity providers to easily diversify their investments across multiple Curve pools. Any user can provide liquidity to the Conic Omnipool, which distributes funds on Curve in proportion to the protocol's pool weights.
At the time of writing, Omnipool has been launched on Conic for 4 days and currently offers the highest ETH single-coin staking returns in the entire DeFi ecosystem.
Currently Omnipool’s TVL exceeds $150 million and has the potential to grow to $500 million.
20. Level Finance
Level Finance is a perpetual DEX that was originally built on the BSC network and later expanded to the Arbitrum network.
Recently, the development team proposed a token destruction proposal to regulate token emission, and 180,000 LVL tokens have been burned so far.
This is why I am bullish on Level Finance in the long term. At the time of writing, Level Finance has generated a massive $516K in fees in the last 24 hours, of which 30% goes to the Treasury, or $154K, and the Treasury will destroy $154K worth of LVL tokens.
risk warning:
According to the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" issued by the Central Bank and other departments, the content of this article is for information sharing only and does not promote or endorse any business or investment activities. Readers are requested to strictly abide by the laws and regulations in their area and not participate in any illegal financial activities.