Top 5 Potential Listings in Q3-Q4/2025

The second half of 2025 is expected to be a breakout period for the crypto market, as many well-invested, high-quality projects are preparing to enter the listing phase. In this article, we will review four notable names: Linea, Camp Network, Farcaster, Monad, and Abstract.

What are the highlights and interesting points of these projects? Let’s find out!

Quick Takeaway

• Linea: Standout Ethereum Layer 2 with Ethereum alignment, dual-burn, native yield, and ecosystem-first tokenomics (no VCs).
• Camp Network: Specialized Layer 1 for AI & IP with modular architecture and Proof of Provenance for fair royalty sharing.
• Farcaster: Leading decentralized socialFi platform, known for mini-apps, Snapchain, and strong Web3 social user growth.
• Monad: The most anticipated Layer 1 of 2025, featuring EVM compatibility, parallel execution, high speed, and a growing DEX, NFT, and Gaming ecosystem.

Linea - Layer 2 of Ethereum

There are more and more Layer 2s on Ethereum; however, most recent projects have failed to meet expectations, with only a few leading names built on Optimistic Rollup technology, such as Arbitrum and Optimism, standing out. Starknet and ZkSync, using Zk rollup technology, were once considered strong competitors, but now only see 6-7k daily active users, a disappointing figure after their token launches.

Amid the fierce competition among Layer 2s, Linea zkEVM stands out as a bright spot. Developed by Consensys, a Web3 infrastructure company that has raised up to $725 million at a $7 billion valuation, Linea’s differentiation comes from three main points: Ethereum-aligned, yield native, and network-of-rollups.

Linea is the most Ethereum-centric L2

Unlike many L2s following the token-first model, Linea remains loyal to Ethereum:

• Uses ETH for gas fees.
• Dual-burn mechanism: 20% of fees are burned in ETH, 80% used to buy & burn LINEA.
• Native yield mechanism: staking $ETH on Linea will soon be available (similar to layer 2 Blast).`

These mechanisms can help attract the $ETH holder community and create the potential for a liquidity flywheel within the Linea ecosystem, as seen with Blast. With a similar native yield mechanism, Blast once reached over $2.22B in TVL before rapidly declining due to the absence of major DeFi protocols like Aave and a lack of standout dApps to retain users post-airdrop. However, Aave is already live on Linea, and with notable names like @eigen_labs and @Consensys behind it, Linea may avoid repeating Blast’s mistakes.

Network-of-rollups model

Not only does Linea build its own zkEVM Layer 2, but it also introduces Linea Stack, a toolkit that helps projects easily deploy new Layer 2s, similar to OP Stack or Polygon SDK. Notably, Status is the first layer 2 project built using Linea Stack. This strategy allows Linea to:

• Create network effects from multiple chains using the same technology.
• Target revenue from infrastructure, not just gas fees.

Tokenomics with no VCs

Instead of allocating tokens to VCs, Linea’s tokenomics aims to put the ecosystem first, directing the majority of funds toward users, builders, Ethereum public goods, and R&D.

• 85% Ecosystem (75% development fund + 10% early users)
• 15% Consensys treasury (5-year lockup)

Fund management by The Linea Consortium consists of a group of credible Ethereum organizations already significantly contributing to strengthening Ethereum, including @eigen_labs, @ensdomains, @SharpLinkGaming, @ethstatus, and @Consensys.

Challenges Ahead

Besides its strengths, Linea also faces several challenges such as competition from established Layer 2s with strong dApp ecosystems like Arbitrum or Base. In addition, the Linea token still lacks clear utility and mainly depends on burning from gas fees.

Linea could be a bold experiment: building a public-good Layer 2 with ETH-native yield, no VCs, and positioning itself as zkInfra-as-a-Service. But to succeed, Linea needs to prove its utility and create a sustainable flywheel for its ecosystem.

Camp Network - A Dedicated Layer 1 for AI and IP

In the era of rapidly advancing AI, data management and creating valuable models from this data are receiving increasing attention. A critical question arises: Who owns the data, and who gets compensated for the value generated from that data?

Camp Network is one of the pioneering projects built to solve this problem-a place where ownership is recorded, protected, and value flows are distributed fairly.

Camp Network Layer 1 Architecture

Camp Network is a Layer 1 blockchain designed with a modular architecture, consisting of two main components:

• Base Camp: The primary Layer 1 blockchain optimized for IP management.
• Side Camp: Application-specific chains that settle back to Base Camp, providing dedicated blockspace for each app.

Example: An AI uses your image to create new art, and revenue from the new art is split according to rules defined in an on-chain smart contract.

Resources, Risks & Opportunities

Former bankers lead camp Network from CRV, Raine, Goldman Sachs, and Figma, who have experience in media, M&A, and token design. The project has raised $30 million at a ~$400 million valuation. Currently, Camp Network has not yet launched its mainnet and is expected to release its token in 2025.

Camp Network will face competition from two projects focused on IP x AI-Story and Soneium-both of which are backed by major players such as a16z and Sony. However, the blockchain-based IP x AI market is still in its early stages, and Camp Network could secure significant market share as one of the first movers and trendsetters in this field. Evidence of this is that Camp Network attracted 5 million wallets to its testnet within just two months of launch. Camp Network not only protects IP but also enables AI agents to respect it, create new value, and distribute it fairly via smart contracts-a Layer born for an ethical AI economy.

Farcaster - Decentralized SocialFi

In this cycle, as base-layer blockchain infrastructure has matured in terms of speed, projects are diversifying into new sectors to solve various problems and attract more users from web2. Among these, SocialFi is a notable trend, with Farcaster standing out as the “Web3 version of Twitter.”

Farcaster is a decentralized social infrastructure platform where identity, data, and social applications are on-chain, scalable, and not controlled by any single party.

Hybrid Architecture & Snapchain

Initially, Farcaster used a hybrid architecture, combining on-chain and off-chain storage. Identities, keys, and storage fees are kept on-chain, while content like casts, replies, follows, etc., are stored off-chain. Later, Farcaster introduced Snapchain, a blockchain specialized for social data. All previously off-chain data is now stored on Snapchain.

Snapchain uses blocks to order actions like likes, posts, etc., enabling fast access, easy synchronization, support for data pruning, and the ability to rent storage space instead of paying per transaction. This dramatically improves the user experience, making interactions feel more like Web2.

Mini-apps: Turning Every Post Into a New Experience

Mini-apps are arguably Farcaster’s most unique feature. They allow users to integrate mini-apps directly into their posts and interact on-chain through the post itself-such as minting NFTs, voting, or making payments.

Mini-apps turn the news feed into an app layer for social Web3, creating an ecosystem akin to an App Store right inside the timeline.

Currently, Farcaster has about 20,000-30,000 daily active users (more than Layer 2s like zkSync and Starknet), demonstrating real demand for a web3 social network. Additionally, airdrops from projects like Degen and Procoin have helped attract even more users to Farcaster.

Monad - The Most Anticipated Layer 1 of 2025

Monad is currently one of the most anticipated Layer 1s, with an average of about 1 million daily active wallets over the past 90 days. The project has raised $225M, led by Paradigm, a VC firm known for investing in top projects. Monad’s founder, Keone Hon, has prior experience at Jump Trading (a prominent market maker and VC with strong support for Solana).

What Makes Monad Special

Monad has two main distinguishing features:

• EVM Compatibility: Monad is an EVM blockchain, compatible with Solidity-the most widely used programming language in crypto. This compatibility makes it easy to attract developers and enables rapid product launches.
• Parallel Execution: Monad is the first EVM blockchain to apply parallel execution technology, allowing multiple transactions to be processed simultaneously instead of sequentially. This directly addresses scalability issues faced by other EVM chains.

Monad: A Challenger to Solana and Sui?

Besides parallel execution, Monad also employs the optimistic execution model (the same technology used by Layer 2s like Arbitrum and Optimism) to achieve high throughput and efficient transaction processing. In theory, Monad claims to scale up to 10,000 transactions per second (TPS)-just slightly less than the max TPS achieved by Solana and Sui.

Parallel execution is the technology used by Solana and Sui as well. However, both Solana and Sui are non-EVM chains, meaning developers may face more obstacles since they must use less popular programming languages.

Ecosystem

Even in its testnet phase, Monad has attracted many projects across different sectors, from DePIN to high-frequency trading decentralized exchanges, from gaming to liquid staking.

Monad has also excelled at building community culture through NFT collections.

Notable projects in Monad’s ecosystem include:

• DEXes: Perpl Trade, Kuru Exchange, Drake Exchange, Bean Exchange
• Staking: Magma, Kintsu, aPriori
• NFT: Monadverse, Spiky Nads, lil chogstars
• Gaming: fantasy.top, Let’s Play Sparkball, Meta Leap

Abstract - From NFT Collection to a Layer 2

The birth of Abstract

When naming iconic NFT collections in web3, Pudgy Penguins is impossible to leave out. Under Luca Netz, Pudgy Penguins has become not only a powerhouse in NFTs but also a brand-building operation with valuable IP (Intellectual Property). The brand has signed retail deals to put products on shelves at Walmart (US), Smyths (UK), and Toys “R” Us (Canada). Building on that brand momentum, in January 2025, Igloo Inc., the parent company of Pudgy Penguins, launched the Abstract chain.

What is the Abstract chain?

Abstract is an Ethereum Layer-2 blockchain that uses ZK rollups to address Ethereum’s limitations in transaction speed and cost. Unlike many blockchains that focus mainly on DeFi, the Abstract chain is positioned for consumer dApps to attract users in gaming and social. This positioning is natural given that Abstract can tap into the strong, culture-rich community built by Pudgy Penguins.

What draws users to Abstract Chain?

A key feature is a UX designed to hide the complexity of the blockchain, featuring a global wallet, gasless interactions, and a portal that works like an app store, so users can interact much like they would on Web2.

Currently, Abstract also lets users earn XP points by trying dApps across the Abstract ecosystem, livestreaming gameplay, or holding certain ecosystem NFTs. These XP points may become a key criterion for an airdrop when Abstract launches a token, which also serves as an incentive to attract and retain users.

Notable projects on Abstract

• Gaming: Gigaverse, Proof of Play Arcade, Roach Racing Club, Laser Party, LOL Land
• Trading: Myriad, OpenSea, DYLI, Moonshot
• Social: Gacha, Alphabot, Rekt Drinks, Dojo3