The driving force behind this round of bull market starting in 2024 is the traditional financial asset management giants led by BlackRock.
1. Ondo Finance (Ondo)
Ondo Finance's two core products are the tokenized U.S. Treasury product OUSG. Previously, the majority of the OUSG investment portfolio consisted of BlackRock's iShares Short Treasury ETF (NASDAQ: SHV). In March of this year, after BlackRock announced the launch of the tokenized fund BUIDL, Ondo also reallocated most of OUSG's assets to BUIDL. OUSG currently has a TVL of over 180 million USD and has provided clients with over 25 million USD in returns since its launch.
2, Curve (CRV)
As a leading DeFi player, the recent rise of CRV is also related to its collaboration with BlackRock. Curve is an important partner for BlackRock's entry into DeFi.
3, Ethena (ENA)
On November 29, stablecoin issuer Ethena and tokenization platform Securitize announced their upcoming collaboration to launch the stablecoin USDtb, to participate in Sky (formerly MakerDAO) lending platform Spark's $1 billion tokenization competition.
4, Velo (VELO)
Velo is a blockchain-based global settlement network that provides fast, secure, and low-cost cross-border payments for individuals and businesses. DWF Labs made a strategic investment of $10 million last year.
5, Chainlink (LINK)
Oracle networks are also indispensable for financial institutions in tokenizing assets. Chainlink can help institutions connect on-chain and off-chain data, unlocking some DeFi use cases.
6, Avalanche (Avax)
Avalanche token Avax is also one of the tokens that recently launched during the altcoin season, and it has been performing well among established public chains.
7, Stellar (XLM)
Stellar is another payment network founded by Jed McCaleb, co-founder of Ripple. More than half of the TVL of Franklin Templeton's tokenized fund FOBXX is on Stellar.
8, Sui (SUI)
In addition to investing in Sui, Franklin Templeton announced in November the establishment of a strategic partnership with Sui, focusing on supporting builders in the Sui ecosystem and leveraging the Sui blockchain protocol to deploy new technologies.
9, Aptos (APT)
In addition to investments, Franklin Templeton's tokenized fund FOBXX has now expanded to Aptos.
10, Puffer Finance (PUFFER)
Puffer Finance is a liquid staking protocol based on EigenLayer. In Puffer Finance's $18 million investment in April this year, Franklin Templeton and Avon Ventures, the venture capital fund associated with Fidelity Investments' parent company, participated in the investment.
11, LayerZero (ZRO)
LayerZero, as one of the three cross-chain giants, has also seen a good upward trend recently.
12, SHRAPNEL (SHRAP)
SHRAPNEL is a AAA-level FPS game, with notable institutions such as Polychain, IOSG Ventures, Dragonfly, DeFiance Capital, Mechanism Capital, and Spartan Group in the investment team.
13, Spectral (SPEC)
Spectral was originally a machine intelligence network on the Base chain and is now positioned as a platform to help users achieve smart contract AI programming.
14, Arcade (ARC)
Arcade is a GameFi platform that gives the community the opportunity to earn meaningful rewards from various Play-and-Earn metaverse games without directly playing the games or owning in-game NFTs. Franklin Templeton invested in Arcade in 2021, and well-known institutions such as Pantera Capital, Crypto.com Capital, Solana Ventures, Shima Capital, GSR, LD Capital, and KuCoin Labs are among its early investors.
15, Pudgy Penguins (PENGU)
Last week, Pudgy Penguins, which plans to issue tokens and has airdrop expectations in 2024, saw its floor price surge past 27 ETH. Pudgy Penguins also has some connections with VanEck.
16, Parallel (PRIME)
Parallel is a sci-fi themed collectible card game (TCG), and the project team includes seasoned developers from AAA games like (Assassin's Creed) and (Valorant), as well as the involvement of YouTube co-founder Chad Hurley.
17, GEODNET (GEOD)
GEODNET is a DEPIN project that collects dense real-time geospatial data from the Earth and its atmosphere using a new type of rooftop meteorological station. Apart from VanEck, Animoca Brands, Pantera Capital, CoinFund, and IoTeX are all investors. Animoca Brands has also formed a strategic partnership with GEODNET.
18, 1inch (1INCH)
The well-established DEX aggregator 1inch is also the second-largest aggregator by market share.