Despite the continued downward spiral in the crypto markets, new projects launch every day and some even garner the attention of enough investors to believe in their vision. Here are the top 3 projects of this summer.
To kick off the summer, Optimism, an Ethereum scaler, dropped their own token Optimism (ticker: OP) in late May and early June as an airdrop to frequent users of their platform.
Optimism has over $800 Million in on-chain value and has saved users over $1 Billion in gas fees which backs up their mission to become the number one Ethereum scaler to solve the gas fee problem. It has a total supply of over 4.2 Billion utility tokens but only roughly 200 Million of those are in current circulation.
SubDAO is another project that has gained traction over the summer although their ICO has been ongoing. They’ve raised over $15 Million from 42 big crypto investing names to create multi chain DAO infrastructure on the Polkadot blockchain. Their project is a governance based solution that allows any chain to quickly integrate a full DAO capability. DAO’s are the future and SubDAO wants to be the main product supplier. They have a total supply of 1 Billion utility tokens to invest in their project.
Forta Network, the third top ICO of the summer, ended in late June but their airdrop continues for those eligible. The network provides real time security and threat analysis for NFT’s, wallets, bridges, and DeFi. Think of them like the Webroot or McAfee for crypto, they’ve raised over $23 Million for funding from the likes of Compound, Liquidity, dXdY, and Maker and have over $36 Million in digita assets under security and 24/7 monitoring. Forta is one of the first of its kind in the crypto cyber security space.