The crypto industry is on the verge of a new token wave. Twelve large-scale projects, having raised hundreds of millions of dollars from leading venture firms, are expected to launch their first token generation events (TGEs) as early as Q3 2025. These projects span sectors including Layer 2, AI, privacy, DePIN, and infrastructure solutions.
Top Projects by Funding Volume
At the top of the list is Linea, an Ethereum-based Layer 2 solution developed by ConsenSys. The project focuses on lowering transaction costs and achieving high throughput. According to CryptoRank, it has raised a total of $725 million.
Next is OpenSea, the world’s largest NFT marketplace, which supports the buying, selling, and trading of non-fungible tokens. The total investment in the platform has reached $425 million. Backers include a16z, Coinbase Ventures, Paradigm, and others.
Third is 0G Labs, the team behind the first decentralized AI operating system, dAIOS. The project has secured $365 million for development and deployment. Investors include Standard Crypto, Paradigm, and 10 other major funds.
Tier-One Tech Players
Among Layer 1 projects, Monad stands out. It is an Ethereum-compatible virtual machine offering high performance. The project has raised $244 million.
Zama is focused on encrypted computation and data protection for onchain applications. It is one of the few players bridging AI and privacy. Total investment - $130 million.
Privacy and Analytics
Aztec also targets privacy, offering a Layer 2 solution with zkRollup support and encrypted smart contracts. More than 20 funds are backing the project, including Paradigm and Variant. Total investment stands at $119 million.
Nansen, a platform providing blockchain analytics tools for evaluating onchain activity and wallet behavior, has raised $88.2 million for growth. It is widely used by traders and institutional players.
Eclipse is building a Layer 2 network that combines the speed of Solana with the security of Ethereum. The project has secured $65 million in funding.
Espresso is developing a proof and sequencing protocol to enhance cross-chain compatibility. It has attracted $52 million in investment.
DePIN Projects and Web3 Infrastructure
In the decentralized physical infrastructure networks (DePIN) segment, notable projects include:
- Fleek - a Web3 app hosting and deployment platform with $30 million in funding.
- DoubleZero - a project building fast, decentralized internet infrastructure, backed with $28 million.
Next-Gen Token Launchpads
Rounding out the list is pump.fun, a nonstop launchpad for tokens and communities. The amount of investment in the platform has not been disclosed.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.