RootData Weekly Hot Search Rankings: StarryNift, Opside, zkSync in the Top Three
In the search growth rankings, the search volume for the privacy protection protocol Anoma Network, the zkEVM solution Kakarot, and the blockchain game Illuvium saw a significant increase last week.Author: Biscuit, RootData
As the most comprehensive cryptocurrency project database on the market, RootData is becoming one of the main platforms for crypto enthusiasts to search for early projects. With tens of thousands of searches each week, RootData will introduce the weekly hot search projects based on market trends to help users better discover popular projects in the market.
According to statistics from RootData, the Layer2 sector remains hot. zkSync, Scroll, and Opside have entered the Top 10 search volume list for several consecutive weeks, along with the new public chain Venom. In the search growth rate list, the search volume for the privacy protection protocol [Anoma Network](https://www.rootdata.com/zh/Projects/detail/Anoma Network?k=MTgwOQ==), the zkEVM solution Kakarot, and the blockchain game Illuvium saw significant increases last week.
In addition, the projects that were completely squeezed out of the RootData list last week include Linea, Worldcoin, Layerzero, Relation, ARPA, Omni Network, and Multichain.
RootData Hot Search List for Week 24 of 2023
Top 10 by Search Volume
StarryNift is a gamified NFT platform and one-stop shop that provides creation, incubation, auction, and trading for NFT collectibles. StarryNift's vision is to create a gamified 3D virtual world and open up new ways for creators, collectors, and investors to explore the virtual world of Game+Art+Defi+NFT components. On May 10, 2022, StarryNift completed a multi-million dollar Pre-A round of financing, led by SIG Asia Investment Fund, with participation from Binance Labs, Alameda Research, and others.
On May 31, StarryNift launched a two-year anniversary party theme event, allowing users to mint citizenship cards and 3D spaces. The investment from Binance Labs has led to speculation that StarryNift may potentially list on Binance Launchpad, which could be one reason for its inclusion in the hot search list.
Related Reading: 《StarryNift: A Trial Ground for the Combination of NFT and Metaverse》
Opside is a decentralized ZK-RaaS (ZKRollup-as-a-Service) network featuring zero-knowledge proof (ZKP) mining. Its innovative approach combines Proof of Stake (PoS) and Proof of Work (PoW), allowing Web3 developers to quickly generate zkEVM application chains with just a click. On April 6, 2023, Opside completed a $4 million seed round of financing, led by Web3.com Ventures.
Opside has been included in RootData's weekly hot list for two consecutive weeks, having previously topped the search growth rate list. This may be related to Opside's launch of the Pre-Alpha incentive testnet, which started on May 24 and is expected to run for three months. Testnet users can experience cross-chain transactions, transfers, and DApp interactions, earning loyalty points for completing specific tasks.
Related Reading: 《New Opportunities in the ZK Track: Eight Technical Innovations About Opside》
[zkSync](https://www.rootdata.com/zh/Projects/detail/zkSync - Matter Labs?k=Mjc0Mg==)
zkSync is a Layer 2 scaling solution that retains the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds in zkSync are held by smart contracts on the main chain, while computation and storage are executed off-chain. For each Rollup block, a state transition zero-knowledge proof (SNARK) is generated and verified by a main chain contract. zkSync has completed a Series C financing round, raising a total of $258 million, with investors including Blockchain Capital, Dragonfly, a16z Crypto, USV, Coinbase Ventures, Binance Labs, and 1kx.
On March 24, 2023, the zkSync Era mainnet was officially launched, attracting a large number of users for interaction. On May 26, the TVL on zkSync Era surpassed $300 million. Due to expectations of an airdrop, zkSync has consistently appeared on RootData's hot search list.
Related Reading: 《How is the zkSync Era Ecosystem Progressing Two Months After Launch?》
[Sei Network](https://www.rootdata.com/zh/Projects/detail/Sei Network?k=Mjc5MA==)
Sei Network is a Layer 1 blockchain built using the Cosmos SDK and Tendermint core, featuring a built-in Central Limit Order Book (CLOB) module. Sei Network has completed $35 million in financing, with participation from Jump Capital, Multicoin Capital, Coinbase Ventures, and others.
Jeff, co-founder of Sei Network, announced today at the "Zhen" series event co-hosted by ChainCatcher and RootData that the Sei testnet has over 6.7 million unique wallet addresses and has processed over 260 million transactions.
Related Reading: 《Securing Large Financing and Upcoming Airdrop: Understanding the Latest Developments and Ecological Landscape of Public Chain Sei Network》
Scroll is the native zkEVM Layer 2 solution for Ethereum. It achieves native compatibility with existing Ethereum applications and tools. Scroll processes off-chain transactions and publishes succinct correctness proofs on-chain. Scroll has completed over $80 million in financing, with a valuation reaching $1.8 billion. Investors include Polychain, Sequoia China, Variant Fund, and others.
On June 1, Scroll's partnership manager Lea announced that the Scroll mainnet will launch in early August this year, intending to make Aave V3 one of the first DeFi dApps in its ecosystem.
Related Reading: 《Scroll Founder Zhang Ye: zkEVM Design, Optimization, and Application》
AltLayer is a highly scalable application-specific execution layer system that derives security from underlying L1/L2. It is designed as a modular and pluggable framework for a multi-chain and multi-VM world. At its core, AltLayer consists of multiple execution layers similar to optimistic rollups, called flash layers. AltLayer completed a $7.2 million seed round of financing on July 1, 2022, co-led by Polychain, Jump Crypto, and Breyer Capital, with participation from Balaji Srinivasan, Gavin Wood, and others.
On June 1, AltLayer's rollup middleware has now launched on the testnet, enabling Beacon Layer Staking functionality, allowing users with OG badges to experience the feature first. Additionally, AltLayer announced that a public testnet is coming soon.
Related Reading: 《AltLayer: A Temporary Execution Layer Solution for Alternative Application Chains》
Sui is a permissionless Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that meet the needs of the next billion users in Web3. Sui / Mysten Labs has completed a Series B financing round, raising a total of $336 million. The Sui mainnet was launched on May 3, 2023.
On June 4, Sui unlocked tokens worth approximately $59 million, with significant unlocks scheduled for each month over the next year. On-chain analyst Yu Jin estimates that the current Sui network has 7.3 billion SUI staked in PoS, which translates to an annual output of about 405 million SUI for the Sui network.
PolyHedra is the infrastructure for Web3 interoperability, utilizing cutting-edge zero-knowledge proof systems to enhance Web3 interoperability. In Overeality, zkBridge is implemented using deVirgo, providing a trustless and efficient infrastructure for cross-chain bridges and data interoperability between various Web2 and Web3 systems. PolyHedra has completed two rounds of financing, raising a total of $25 million, with investors including Polychain, HashKey Capital, Binance Labs, Animoca Brands, and others.
Last week, Polyhedra's cross-chain bridge zkBridge announced its integration with Polygon and a strategic partnership with LayerZero to integrate zkLightClient, jointly launching a zero-knowledge proof cross-chain messaging client.
Related Reading: 《An Analysis of New Player Polyhedra Network in the ZKP Track: Why It Captured the Attention of Top Crypto Funds?》
StarkNet is a permissionless decentralized Validity-Rollup (also known as "ZK-Rollup"). It operates as an L2 network on Ethereum, allowing any dApp to achieve unlimited scaling of its computations without compromising Ethereum's composability and security, thanks to StarkNet's reliance on the cryptographic proof system STARK. Starkware, the developer of StarkNet, has completed $261 million in financing, with a valuation of $8 billion.
StarkNet has been a regular on RootData's hot list recently, likely due to its massive financing and the prominence of ZK-Rollup projects. Currently, StarkNet's two ecosystem wallets, Argent and Braavos, are holding Odyssey events. On May 17, the Starknet Foundation announced the first batch of EAG grant projects, with 67 teams receiving funding across various fields, including NFTs, infrastructure, DeFi, and DID.
Venom is a Turing-complete Proof of Stake blockchain that uses a Byzantine fault-tolerant consensus algorithm for block validation and creation, as well as network security, employing dynamic sharding to increase its transaction throughput and network capacity. Its testnet went live on April 25.
Venom's appeal may stem from its backing by the $1 billion Venom Ventures and its licensing and regulation by the Abu Dhabi Global Market. On May 10, Venom announced a partnership with the Kenyan government to establish a blockchain center in Nairobi. On June 2, Venom launched an ecosystem contributor program and opened application channels (currently closed).
Top 10 by Search Growth Rate
[Anoma Network](https://www.rootdata.com/zh/Projects/detail/Anoma Network?k=MTgwOQ==)
Anoma is an intent-centric privacy architecture that introduces a new paradigm for building infrastructure layers and a new operating system for decentralized applications. Anoma's intent-centric approach introduces novel primitives that allow existing Web2.5 dApps to be fully decentralized, such as optimistic and ZK rollups, DEXs, NFT marketplaces, or public goods funding applications like Gitcoin. Anoma has completed three rounds of financing, raising a total of $57.75 million, with investors including Polychain, Electric Capital, Coinbase Ventures, Delphi Digital, Lemniscap, and others.
The completion of a $25 million financing round on May 31 may be one reason for the rapid increase in search volume.
Kakarot is a zkEVM written in Cairo. It aims to allow users to leverage the scaling advantages of validity rollups while maintaining compatibility with the Ethereum ecosystem. Therefore, Kakarot can be used to run Ethereum smart contracts on Starknet.
On June 2, Kakarot completed a Pre-seed round of financing, with participation from StarkWare, Ethereum founder Vitalik Buterin, and others, which may be one reason for Kakarot's rapid rise in attention.
Related Reading: 《Kakarot's Three-Phase Roadmap: How It Will Empower Starknet and the Ethereum Ecosystem》
DeGame is an NFT gaming platform launched by the Singapore blockchain company L2Y. With DeGame, players can discover and download new NFT games in one place, while investors can gain unique market insights about token and NFT prices and in-game data.
On May 30, DeGame completed a $6.5 million financing round, drawing attention once again. Its founder and CEO, Lester Li, graduated from the University of Pennsylvania and is the former CEO of Huobi Europe and head of Huobi's global institutional business.
Injective is an interoperable Layer 1 blockchain that powers the next generation of DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as high-performance on-chain decentralized trading infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. Injective has completed a total of $52.6 million in financing, with participation from Jump Crypto, Pantera Capital, and others.
On June 1, Injective completed the Avalon mainnet upgrade, optimizing L1 scalability, sub-second block times, PoS delegation transformation, and other features, which may be one reason for Injective's increased attention.
Related Reading: 《Injective Launches $150 Million Ecosystem Plan: What Are Its Early Ecosystem Projects?》
Arweave is a decentralized data storage protocol that allows data to be permanently stored and accessed on its permaweb. The permaweb is a secondary network that enables data to be accessed in a human-readable way (e.g., through web browsers). Arweave financially incentivizes data storage providers through the AR token, with its mainnet launched in June 2018. Arweave has completed three rounds of financing, raising a total of $14.87 million, with participation from a16z Crypto, Coinbase Ventures, Union Square Ventures, Multicoin Capital, and others.
On June 2, Arweave announced the launch of a new ecosystem token $U, aimed at becoming the native currency for Permaweb applications, thus creating a new value internet based on Arweave. $U is obtained by "burning" $AR, which may be one reason for the increase in Arweave's search volume.
[Hogwarts Labs](https://www.rootdata.com/zh/Projects/detail/Hogwarts Labs?k=Nzc1OQ==)
Hogwarts Labs is dedicated to accelerating mass adoption by continuously developing dApps and Appchains in the Web3 and AI fields. Its first product, QuestN, is a one-stop marketing, growth, and analytics platform for the Web3 space, with over 2.5 million total users and more than 80,000 daily active users as of May 2023. Hogwarts Labs' second AI assistant product for Web3 users will be released in Q4. Hogwarts Labs has completed two rounds of financing, raising a total of $8 million, with participation from Hash Global, Matrix Partners, Danhua Capital, and others.
On June 1, Hogwarts Labs completed a Pre-A round of financing, led by HashGlobal, Matrix Partners, XIN Family, and DHVC, bringing its total financing to $8 million.
Transak supports the conversion of fiat currency to cryptocurrency for a global user base. It achieves this by providing API-driven deposit and withdrawal payment methods for over 130 crypto assets, addressing the complexities of user KYC, risk monitoring and compliance, payment methods, and customer support.
On May 30, Transak completed a $20 million Series A financing round, led by CE Innovation Capital, with participation from UOB Venture, Signum Capital, Animoca Brands, and others.
Illuvium is an open-world RPG adventure game based on the Ethereum blockchain that allows players to collect, trade, and battle NFT assets. In Illuvium, players encounter creatures called Illuvials, which can be defeated and captured. Successfully capturing leads to the minting of new NFT assets representing the Illuvial, which are stored in the wallet. These NFTs can then be used in battles or traded. Additionally, Illuvium will offer these features with zero gas fees built on the Layer-2 solution Immutable X.
On May 30, Illuvium completed a new round of financing of $10 million after more than two years, with Framework Ventures participating. This financing has brought the blockchain gaming sector back into the spotlight for crypto users, which may be one reason for the increase in search volume. Today, Illuvium announced a groundbreaking partnership with GameStop to co-sell its NFT series D1SKs.
[Trader Joe](https://www.rootdata.com/zh/Projects/detail/Trader Joe?k=MTI2MA==)
Trader Joe is a one-stop decentralized trading platform on the Avalanche network, facilitating limit orders, options, and futures trading on the platform. Trader Joe completed a strategic financing round of $50 million on September 3, 2021, raising $5 million, led by Mechanism Capital, GBV Capital, and DeFiance Capital, with participation from Three Arrows Capital, Coin98 Ventures, Delphi Digital, and others.
Since the deployment of version V2.1 and its expansion to Arbitrum, Trader Joe has seen significant increases in TVL and other metrics due to capital efficiency and user base growth. Recently, the number of daily active addresses reached 18,000, with weekly active addresses exceeding 80,000 and monthly active addresses nearing 200,000.
Related Reading: 《Mint Ventures: A Comprehensive Analysis of Trader Joe's Business Status, Token Model, and Valuation Levels》
