The “tokenless” projects that are well-funded, have real products, and genuine user bases are attracting significant attention — with a total of over $2.7 billion USD from leading VCs. When these projects launch their tokens (TGE), the market often reacts strongly. Here are 7 notable names recognized:
Polymarket — $2.27B
One of the largest prediction market platforms in the world, aiming for a valuation of around $20 billion USD in its new funding round. Filed for trademark registration for POLY in February.
MegaETH — $107M
Layer-2 Ethereum supported by Dragonfly and Vitalik, designed for real-time performance. Had a public token sale in October 2025, raising about $50 million USD; MEGA is currently trading pre-market.
KAST — $90M
Neobank stablecoin with over 1 million users and an annual volume of $5 billion USD. Recently completed Series A funding of $80M; TGE expected in Q2/Q3, with the KAST Points program already active.
Nansen — $88.2M
On-chain analytics platform with the NXP Points program for users — points that can unlock airdrops and other benefits. No official token announcement yet.
Chaos Labs — $79M
Provides integrated risk management solutions with Aave, GMX, Jupiter, and over 20 other DeFi projects. Offers early-access rewards programs.
Gensyn — $66.7M
L1 network rewarding GPU compute for ML. Held a public token sale in December 2025.
Agora — $62M
Stablecoin issuer building a pegged asset solution to replace volatility, backed by Dragonfly.
The above list is compiled from original sources and public reports. This is not investment advice — do your own research before acting.
Source: Top 7 Crypto | Analytics & Alpha
Infographic: Top 7 tokenless projects — Source: Top 7 Crypto
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polkadot Undergoes Bridge Exploit, Attacker Mints 1B $DOT on Ethereum
Polkadot faced a major security breach where an attacker minted 1B $DOT coins on Ethereum via a 3rd-party bridge, draining over $240,000 in $ETH. This incident highlights ongoing vulnerabilities in cross-chain infrastructure and its impact on market stability.
BlockChainReporter4m ago
RAVE 24H is up 252.52%, current price is 8.9628 USDT
Gate News bot message, Gate market display, RAVE is up 252.52% over the past 24 hours, current price is 8.9628 USDT.
CryptoRadar1h ago
U.S. premarket stocks for crypto-related names broadly fell, with MARA down 3.62%
April 13—Ahead of the U.S. market open, crypto-related stocks generally fell in pre-market trading. MARA, COIN, SBET, and ABTC fell by 3.62%, 2.63%, 2.45%, and 1.49%, respectively. msx.com is a decentralized RWA trading platform that has launched various U.S. stock and ETF tokens.
GateNews2h ago
TradFi Fall Alert: RIOT (Riot Platforms) Falls Over 4%
Gate News: According to the latest Gate TradFi data, RIOT (Riot Platforms) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews3h ago
TradFi Rise Alert: JD (JD.com) Rises Over 2%
Gate News: According to the latest Gate TradFi data, JD (JD.com) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews4h ago
Solana ecosystem meme coin neet market cap reaches $40 million, up 40% in 24 hours
Gate News message. On April 13, Solana ecosystem meme coin neet surged sharply today. Its market cap reached $40 million, and it is currently quoted at $0.039, with a 24-hour gain of 40%. Previously, after this token’s market cap fell below $7 million on February 12, it began to rebound, and in recent days it has continued to creep higher. Note that meme coins usually have no real use cases, and prices can swing significantly, so investors should carefully assess risks.
GateNews4h ago
