Blockchain’s Big Bets: Unveiling Top TGE Projects for H2 2024
- Monad, a Layer 1 project, leads the TGE landscape with a staggering $244.00M in funding from Paradigm and Dragonfly.
- The TGE projects span a variety of segments, including gaming and modular projects, reflecting the diverse innovation within the blockchain ecosystem.
The WuBlockchain unveils a list of potential top TGE (Token Generation Event) projects in the second half of 2024. These projects are categorized into various segments, including Layer 1 (L1), Layer 2 (L2), Decentralized Finance (DeFi), Centralized Exchange (CEX), Non-Fungible Token (NFT) Marketplace, and more.
Additionally, the projects receive funding from well-known investors including Paradigm, Dragonfly, a16z, Kora, SoftBank Vision Fund, Electric Capital, Polychain, Framework Ventures, and others. These investors have demonstrated considerable interest in the potential of these TGE projects in the second half of 2024.
Leading TGE Projects From The List
Monad, an L1 project, has secured the highest funding amount of $244.00M from major investors such as Paradigm and Dragonfly. Aleo, another L1 project, follows closely with a funding amount of $228.00M from investors like a16z, Kora, and SoftBank Vision Fund. Magic Eden, an NFT Marketplace, has received $149.40M in funding from Electric Capital, Paradigm, and Sequoia, among others.
Source: WuBlockchain
In the DeFi segment, SynFutures has received $37.40 million in funding from Pantera Capital and Polychain, while HyperLiquid has secured an undisclosed amount. In the CEX category, HashKey has received $100.00 million in funding, while Backpack has secured $37.00 million from FTX Ventures and Jump Crypto.
The NFT Marketplace segment has seen significant investment, with Magic Eden receiving $149.40 million and Zora securing $52.00 million from Haun Ventures and Paradigm. In the gaming category, Hamster Kombat has received an undisclosed amount in funding.
Other Notable Projects
Some notable projects are Berachain, an L1 project that has received $142.00 million in funding, and Babylon, a BTC ECO project that has secured $96.00 million. Fuel, a modular project, has received $81.50 million in funding, while Scroll, an L2 project, has secured $80.00 million.
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