Guaranteed profit or no loss? A review of the 8 hottest IPO projects recently

Author: Asher

Monad launches on Coinbase exchange

Project Introduction

Monad, developed over more than two years by the Pyth and Solana teams, is a high-performance Layer 1 blockchain compatible with Ethereum. According to official documentation, Monad defines itself as a high-performance EVM-compatible Layer 1 using a PoS mechanism. It aims to pioneer new paradigms for public chains through pipelined execution of Ethereum transactions. Its key innovations include MonadDB (a database designed specifically for Ethereum state access) and Optimistic parallel execution (ensuring high TPS with minimal overhead).

On the evening of April 9, 2024, Monad Labs announced a $225 million funding round at a $3 billion valuation, led by Paradigm, with participation from Electric Capital, Greenoaks, and others. As one of the most prominent projects in the Layer 1 space, Monad, which emphasizes the “Parallel EVM” concept, seeks to introduce an “parallel processing” execution layer expansion solution. Under full EVM bytecode compatibility, it aims to significantly improve network execution efficiency.

Participation Guide and Rules

Participation method: Register a Coinbase account and complete KYC verification. According to feedback, mainland Chinese users can complete KYC with a passport and Hong Kong address proof. Details are as follows:

• Launch time: November 17, 2025, 9:00 AM to November 22, 2025, 9:00 PM (ET).
• Launch price: $0.025.
• Minimum investment: $100.
• Maximum investment: $10,000.

Infinex launches on Sonar platform

Project Introduction

Infinex is a decentralized finance platform launched in April 2024 by Kain Warwick, founder of Synthetix. The project aims to bridge CeFi and DeFi, providing a seamless user experience similar to centralized exchanges while maintaining decentralized, non-custodial, and secure services.

Participation Guide and Rules

Kain Warwick stated that the Token Generation Event (TGE) is expected between late December and early January, with a “Sonar” presale launched before TGE. All Infinex tokens will be 100% allocated to Patron NFT holders. Future plans include transforming Patron NFTs into PFP series and reducing total supply to between 25,000 and 50,000 through a synthetic mechanism.

Additionally, Kain mentioned that for the token TGE, the team has voluntarily locked 20% of the total token supply for 12 months, with a 12-month linear release after unlocking, to prevent early liquidity before product-market fit is achieved.

HumidiFi launches on Jupiter DTF platform

Project Introduction

HumidiFi is a dark pool trading platform. Dark Pool AMM is a recent emergence in the Solana ecosystem. Unlike mainstream DEXs like Uniswap, it operates in the background, usually without an official website, and does not support users providing liquidity for fees. It mainly relies on anonymous creators’ own funds and routes trades through aggregators like Jupiter.

According to DefiLlama data, HumidiFi’s trading volume in October reached $35.9 billion, surpassing Meteora ($34 billion) and Raydium ($22.7 billion), making it the largest decentralized trading platform on Solana.

Participation Guide and Rules

On October 30, Jupiter announced on X that its DTF platform’s first ICO project would be HumidiFi.

Dark pool DEX HumidiFi will be the first project launched on Jupiter DTF platform.

Based on feedback, the launch consists of three phases: whitelist phase, JUP token stakers phase, and open sale on a first-come, first-served basis. Payment methods are SOL/USDC.

BOB launches on CoinList

Project Introduction

BOB stands for “Build on Bitcoin.” It is an L2 technology stack designed to support Bitcoin DeFi innovation and ecosystem development. It inherits Bitcoin’s PoW security, supports Ordinals, Lightning, Nostr, and other Bitcoin ecosystem features, and is fully compatible with EVM.

Bitcoin’s security mechanisms are being integrated into Ethereum DeFi innovations. BOB aims to bring Bitcoin into the center of DeFi activity, unlocking the liquidity of large amounts of Bitcoin that have been dormant on-chain. BOB offers a DeFi platform combining Bitcoin security with Ethereum functionality, mainly through:

• Bitcoin-based security: BOB has integrated Babylon, and the Bitcoin Secure Network (BSN) provides security for cross-chain operations and on-chain activities. Users can participate in Bitcoin staking via BSN, enhancing asset security during cross-chain processes.
• Ethereum-compatible DeFi features: As an Ethereum ecosystem rollup, BOB supports low-cost, fast transactions and connects to DEXs, lending protocols, NFTs, and blockchain games, offering diverse on-chain services.
• Trustless BTC deposit: Using the BitVM bridge, users can deposit BTC directly from the Bitcoin mainnet into BOB without relying on third-party custodians, further reducing trust assumptions.

Overall, BOB builds DeFi interaction security directly on the Bitcoin network, avoiding reliance on intermediaries and providing an alternative path among current Layer 2 solutions.

According to ROOTDATA, at the end of March 2024, BOB announced the completion of a $10 million seed round led by Castle Island Ventures, with participation from Coinbase Ventures, Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and angel investors.

Participation Guide and Rules

The BOB token sale is currently ongoing on CoinList and will end at 1:00 AM Beijing time on November 14. The token sale link:

Total supply of BOB tokens: 10 billion. The current public sale accounts for 4% (400 million). Purchase limits per account are between $50 and $250,000. The sale on CoinList is divided into:

• General Public round: raising $230 million FDV, with 20% unlocked at TGE, and linear unlocking over 12 months (about 6.67% per month).
• BOB Community Member round: raising $165 million FDV, with 12 months of linear unlocking (about 8.33% per month).

Immunefi launches on CoinList

Project Introduction

Immunefi is a Web3 bug bounty platform where participants independently discover and report vulnerabilities for rewards. The platform has launched Magnus, an AI-supported security platform designed to address the inefficiencies of current on-chain security measures and prevent large-scale malicious activities if systems remain unchanged. Magnus automates security operations across vulnerability scanning, auditing, bug bounties, on-chain monitoring, and firewalls using artificial intelligence.

Participation Guide and Rules

According to official information, Immunefi will conduct a token sale on CoinList at 1:00 AM Beijing time on November 13. Details are as follows:

• Launch price: $0.01337 (raising $133.7 million FDV).
• Unlocking: 100% at TGE.
• Minimum investment: $100.
• Payment currencies: USDT, USDC.

Makina launches on Legion platform

Project Introduction

Makina is a programmable DeFi platform that helps professional DeFi capital allocators deploy complex multi-chain yield strategies on non-custodial, transparent, and fully automated infrastructure. According to DefiLlama, Makina’s TVL has surpassed $100 million.

Participation Guide and Rules

Currently, Makina is confirmed as the next launch project on Legion platform. Details will be announced via official X account.

FlyingTulip launches on Impossible platform

Project Introduction

FlyingTulip is a one-stop DeFi platform launched by Andre Cronje, featuring trading, liquidity pools, lending, and more. It consolidates spot, leverage, and perpetual trading into a single AMM protocol, eliminating the need to store assets across different protocols, thus solving liquidity fragmentation.

Official claims that this product offers: 42% reduction in impermanent loss, 9x increase in LP returns, and 85% improvement in capital efficiency (more details can be found in “The man who knows DeFi best, bringing his new project FlyingTulip”).

Participation Guide and Rules

According to official news, FlyingTulip is currently launching on Impossible platform. Users need to stake IDIA tokens to participate. The event ends at 3:00 PM Beijing time on November 17. Participation link:

Two staking pools for FlyingTulip launch

Brevis or on Buidlpad platform

Project Introduction

Brevis is a zk-proof-based off-chain computation engine, positioned as “the infinite compute layer for Web 3 and everything else.” In simple terms, Brevis enables smart contracts to be “smarter,” shifting from passive execution to active computation, saving costs and increasing efficiency, facilitating user and protocol interactions, asset deposits, and broader adoption. Brevis gained significant community attention after receiving a platform endorsement from Vitalik.

Brevis completed a $7.5 million seed round last November, led by Polychain and Yzi Labs.

Participation Guide and Rules

Based on community speculation, Brevis is likely to launch on Buidlpad. Reasons include:

1. Brevis is invested in by Nomad Capital, a crypto risk fund whose founder, Erick Z (@ErickNomad), is also the founder of Buidlpad.
2. The official Brevis account followed Buidlpad’s official account on October 20.

Additionally, Brevis may participate in second-phase interaction tasks for token airdrops.