The wind is blowing straight towards the RWA track, which unlaunched potential projects are worth tracking?
Want to catch the next GOAL, USUAL? Why not take a look at the potential opportunities of these popular RWA projects?Author: Arain, ChainCatcher
Editor: Nianqing, ChainCatcher
The RWA track is on fire again.
With Trump's election victory and a shift in U.S. policy direction, the market has begun to embrace the concept of "compliance." RWA (Real World Assets) is seen as the preferred track for Wall Street funds entering the crypto world, becoming a major theme in the current bull market.
Even when the overall crypto market experiences a pullback, the RWA sector remains resilient, showcasing several standout tokens. For example, the dark horse GOAL (football agency RWA) has surged over 160% in the past 30 days according to Coingecko data; USUAL (stablecoin protocol), which just launched in mid-November, has seen a rise of over 120% in 14 days according to Coingecko data.
In addition to these new faces in RWA, investors see opportunities for a turnaround. Some older projects are also "putting new wine in old bottles," such as XRP and LTC, joining the celebration.
As the RWA track continues to heat up, the number of RWA projects has begun to skyrocket. Overwhelmed by the sheer number of projects? A preliminary screening might lead you to consider the following star RWA projects that have yet to issue tokens.
Lingo
It is important to note that this project conducted its token generation event (TGE) on December 12, and the price has already surged significantly; as of the time of writing, it has not yet been listed.
Introduction: Lingo is an innovative reward ecosystem that combines gamification with RWA-driven incentives. Every $LINGO platform fee contributes to the RWA pool, thereby supporting Lingo's reward ecosystem.
Network: Solana, Base
Lingo is the first reward ecosystem based on RWA (real asset-backed), attracting users through gamification. Users can earn points through social finance (SocialFi), a model that helps enhance user engagement and activity.
The project team has a solid background with experience in continuous entrepreneurship, and team members come from Binance, Consensys, Google, Microsoft, etc. The founding team previously created a high-end loyalty company, John Paul, which was acquired by Accor Hotels Group for $150 million in 2016. Additionally, the team has established strong partnerships, such as with the NFT marketplace Magic Eden and strategic collaboration with boutique investment firm Stewards Investment Capital.
According to information from Lingo's official website, GBV, Morningstar Ventures, Maven Capital, and Skynet Trading are all investors. Lingo's vision is to create the world's most valuable token, attempting to address issues such as the difficulty of understanding cryptocurrencies, lack of real-life utility, and excessive volatility. Currently, it is gaining significant attention on social media, with over 250 KOLs and celebrity brand ambassadors supporting it.
Lingo currently has a sustainable profit model, charging a 2.5% fee on each Lingo transaction, which will be used to purchase high-quality real estate in major global cities (such as London, Paris, etc.). The rental income from the properties will be used for community rewards and token buybacks.
The project has already attracted over 8 million Web2 users.
Compute Labs
Introduction: A tokenization protocol for computing, aimed at financializing artificial intelligence, directly accessing computing assets, and creating computing derivatives, allowing investors to effortlessly benefit from future monetary computations.
Network: Solana
Highlights: This project is incubated by the Nvidia Inception VC Alliance, combining the concepts of RWA and AI. Currently, the project is conducting presale and airdrop activities.
The innovation of the computing tokenization protocol is a key feature of this project, which also bears Nvidia's characteristics. Compute Labs tokenizes GPUs, combining artificial intelligence (AI) and real-world assets (RWA) financialization, providing opportunities for direct access to AI computing assets, yields, and derivatives. GPU ownership is split into GNFTs through the project's proprietary protocol.
Compute Labs has garnered interest from many crypto-native VCs, with investments from institutions such as OKX, Amber, Hashkey, ArkStream Capital, Solana, and Near Foundation.
Redbelly Network
Introduction: Redbelly Network enables asset issuers to tokenize assets into compliant on-chain structured products.
Network: This project is a Layer 1 blockchain specifically designed for RWA.
Highlights: Redbelly Network integrates complete user identity and liability at the transaction layer, using zero-knowledge proofs (ZKP) and verifiable credentials to protect user PII. This ensures appropriate permissions, compliance with jurisdictions, and eliminates redundant KYC processes. Compliance can be automatically enforced and customized according to asset classes and jurisdictions, without the need for offline registration and paper checks.
The Redbelly Network team has a strong academic and technical background, with founder and CTO Vincent Gramoli being the head of the CSRG at the University of Sydney and a researcher in distributed computing. The Redbelly Blockchain was developed in collaboration with the University of Sydney and the Australian national science agency CSIRO. It has been granted patent #12093247 in the U.S.
Redbelly Network is a high-performance scalable network capable of processing 20,000 transactions per second (TPS). Additionally, it employs a formally verified DBFT consensus mechanism to ensure the network's security and efficiency.
It has advantages in compliance. Redbelly is the only project that has received seed funding support from Australian government agencies such as CSIRO. Moreover, the native ID protocol allows users and businesses to prove their identity through verifiable credentials, implementing accountability.
Redbelly has been under development since 2021 and is set to launch its native token RBNT soon, which is highly anticipated in the market.
Plume Network
Introduction: Plume is a fully integrated modular chain focused on RWAfi. They have built the first modular, composable EVM-compatible chain centered on RWA, aiming to simplify access to various assets and unify the entire chain through native infrastructure and RWAfi-specific features to streamline capital access. Plume is building a composable DeFi ecosystem around RWAfis, featuring an integrated end-to-end tokenization engine and a network of financial infrastructure partners for plug-and-play builders.
Network: Plume Network is a Layer 2 blockchain built on Arbitrum Orbit.
As the first fully modular integrated chain focused on RWAfi, Plume Network is dedicated to tokenizing real-world assets (such as solar farms, medical compensation claims, and mining rights) and has successfully brought over $1.25 billion in assets on-chain, accumulating over 150 projects.
Plume Network has already shown impressive user data. In August of this year, according to data released by Plume Network, over 3.2 million users logged onto the testnet, generating 129 million interactions, with silver-certified KOLs contributing 321,549 interactions, totaling a value of $900 million.
Plume Network secured funding in May of this year, receiving support from investment institutions such as Haun Ventures, Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures. The project has backgrounds from teams like Pond, Echelon Market, dYdX, Beluga, and Robinhood.
The project currently has high expectations for airdrops. The community and users are actively participating in interactions on Plume Network's testnet, which is currently deployed on the Ethereum Sepolia testnet. Users can earn mileage points by completing various tasks, such as following on Twitter, retweeting, completing galxe tasks, swapping $GOON for $goonUSD, and staking $goonUSD.
Huma Finance
Introduction: PayFi network, providing financing support for global payments, enabling instant liquidity access anytime, anywhere.
Network: Operating on Ethereum Layer 2 networks such as Polygon, Celo, and Scroll.
Huma Finance is one of the most powerful platforms in the PayFi space, focusing on solving liquidity issues in the cross-border payment industry. By strategically acquiring Arf Financial and integrating its business, Huma has established a leading position in the PayFi track, becoming the world's first PayFi network to surpass $2 billion in transaction volume.
The PayFi Stack launched by the project is positioned as the first PayFi Network, aiming to provide efficient financing solutions for the cross-border payment industry with its unique innovative technology.
The Huma Finance team is impressive, with both co-CEOs being former executives from Google and Facebook. One led the successful launch of GoogleFi, while the other drove Facebook's breakthrough development, helping the platform reach its first billion users. One sold their company to Facebook, and the other was a core team member who facilitated Lyft's successful IPO.
Huma Finance has completed multiple rounds of financing, attracting interest from many well-known investment institutions, such as Hashkey Capital, Folius Ventures, Stellar Development Foundation, Distributed Global, Circle Ventures, and Race Capital.
Currently, the community and users have high expectations for Huma Finance, actively participating in various activities and tasks released by Huma Finance. However, it is still unknown whether Huma Finance has plans for a token issuance, but there are certain expectations for airdrops within the community.
Recommended Reading: "++Interview with RootData List Featured Project | Huma Finance Co-founder: Three Key Challenges in Building the PayFi Network++"
Avalon Labs
Avalon Labs, formerly known as Avalon Finance, is a decentralized lending protocol built on the Merlin Chain, consisting of three key components: over-collateralized lending, derivatives trading linked to lending, and algorithmic stablecoins based on lending. Currently, the total value locked (TVL) exceeds $1 billion.
Public Chain: Merlin Chain
The Avalon Labs team is regarded as an industry dark horse and has been recognized as a liquidity hub for BTC LSDFi and CeDeFi lending, holding significant influence within the Bitcoin ecosystem. Avalon Labs has received support from Matrixport Venture, SNZ Capital, Summer Ventures, ViaBTC, and Paka, among others, with additional investments from KAKA, Degen Pool, CSPDAO, etc.
The team has launched the L1 general-purpose blockchain ZetaChain, which has completed its token issuance and recently launched its mainnet.
The first Bitcoin-based stablecoin launched by Avalon Labs, USDa, is noteworthy. Currently, USDa ranks third in the Defillama CDP rankings, only behind MakerDAO.
USDa is the first Bitcoin-based stablecoin, aiming to bring Bitcoin's liquidity into DePIN (decentralized IoT infrastructure), offering an 8% fixed lending rate, providing users with new opportunities for yield, stability, and governance.
