Original | Odaily Planet Daily (@OdailyChina)
Affected by the overall decline in the technology sector of the US stock market, Bitcoin fell to $78,000 this morning, and market sentiment is low. In the past 24 hours, over 260,000 people have faced liquidation, with a total liquidation amount reaching $760 million, which can be described as "a chorus of wails."
The more dismal the market, the more the community's focus concentrates, and short-term trading opportunities emerge. In such a bleak market last night, Movement announced that the public mainnet Beta version is now live, and its token MOVE rose against the trend, briefly breaking $0.56, currently reported at $0.5.
Therefore, Odaily Planet Daily will take you through the popular projects that are set to launch their mainnets this month. These high-funding projects are worth paying close attention to, as they may give a boost to altcoins.
Nillion: A Leader in Blind Computing Across AI + Privacy
Project Introduction
Nillion was established in 2021 and offers a novel approach to handling privacy data in distributed systems without compromising security or efficiency. Supported by application frameworks such as nilVM, nilDB, nilAI, and nilChain, Nillion provides developers with various tools to help them build privacy-focused applications in areas like artificial intelligence, DeFi, and data storage.
According to official information, on October 31, 2024, Nillion announced the completion of a new round of financing totaling $25 million, led by Hack VC, with participation from Arbitrum, Worldcoin, Sei, and a number of venture capitalists and angel investors. As of now, its total financing has exceeded $50 million.
Recent Major Developments
For the privacy-secure computing network Nillion, two important events announced by the official team are worth noting:
On January 20, it announced the launch of airdrop queries, which is of utmost concern to "airdrop hunters." Early participants (eligible for airdrops include node validators, community members with specific Discord roles, POAP holders, and developer contributors) can access the Nillion eligibility checker and register (the deadline is February 3), stating that after the public mainnet launch, participants' NIL tokens will be deposited into their receiving wallets;
Recently announced that the mainnet is expected to launch in March, meaning the token will have its TGE when the mainnet goes live. Previously, Nillion stated that it would allocate up to 75,000,000 NIL tokens (accounting for 7.5% of the total supply) to Nillion's community members and early builders, including participants in the validator program, community workers, and developers. It seems early participants can "harvest" again.
Initia: A Modular Layer 1 Public Chain
Project Introduction
Initia is a modular Rollup integrated Layer 1 public chain project founded by former LUNA employees, aiming to eliminate the fragmented experience of multi-chain systems through vertical integration of the technology stack. Initia has built a new multi-chain economic framework, Initia VIP, which helps L2 attract and retain users while creating new use cases for tokens, thereby driving the value growth of INIT and L1.
According to ROOTDATA data, Initia has completed multiple rounds of financing, totaling $24 million, with two larger amounts being:
On February 27, 2024, Initia announced the completion of $7.5 million in financing, co-led by Delphi Ventures and Hack VC;
On September 25, 2024, Initia announced the completion of $14 million in Series A financing, led by Theory Ventures.
Additionally, earlier Binance Labs (now renamed YZi Labs) announced an investment in Initia, with the amount undisclosed. The funds raised will be used to support the development of Initia's infrastructure and developer tools.
Recent Major Developments
On March 5, Initia officially posted "March." on the X platform, hinting at the upcoming mainnet launch in March;
On March 7, Initia officially announced the discontinuation of the Initia wallet browser extension. Therefore, for "airdrop hunters" who previously interacted with the testnet using the "Initial Wallet," they must migrate to the new wallet by March 18, otherwise, the jennie and testnet data will not be retained; if using non-native wallets like Keplr, Leap, Metamask, it can be ignored (migration address: https://migration.initia.xyz/).
From the above official actions, it can be seen that Initia is nearing its TGE. For those who have not yet participated in interactions, they can only "try their luck" by completing operations like claiming test tokens, swapping, and staking (link: https://app.testnet.initia.xyz/). Those who have already interacted should ensure that the interaction data in the Initia wallet has been migrated and can wait for the "pork rice" rewards.
Babylon: A Protocol to Earn "Interest on BTC" Through Staking
Project Introduction
Babylon is a BTC staking protocol that allows BTC holders to earn yields from idle Bitcoin in a secure manner: no third-party trust is required, nor do they need to bridge Bitcoin to any other chain. Holders simply need to lock their Bitcoin in a self-custodial manner to gain the right to validate PoS chains and earn rewards. With the support of the protocol's rapid unbinding and scalable re-staking features, BTC stakers can also enjoy maximum liquidity and yields. At the end of May 2024, Babylon announced the completion of a new round of financing totaling $70 million, led by Paradigm.
Recent Major Developments
On February 24, Babylon Foundation posted "Hello World" along with a video on the X platform, possibly hinting at the upcoming announcement of TGE-related news;
On February 25, Babylon airdrop registration has now opened, lasting for 18 days, with eligible users for the airdrop including: first-phase stakers (first-phase stakers holding Pioneer pass NFTs can receive additional bonuses); Babylon first-phase Finality providers; contributors to eligible Github repositories;
On February 27, Babylon Foundation posted on the X platform stating that it has considered community feedback and decided to expand the airdrop scope, making all NFT holders eligible for the airdrop.
Currently, the early interaction phase of Babylon has ended. Users who previously participated in the testnet will receive official rewards in the form of NFTs, which have reached a maximum price of $150 on secondary trading markets; the early participation method for Babylon's mainnet is relatively simple, requiring only the deposit and staking of BTC during the open window period.
Previously, Babylon co-founder Fisher Yu stated in a Space, "Macro-wise, Babylon's mission is to help the Altcoin world break out and gain recognition in the mainstream world by establishing strong connections between Bitcoin and Altcoins. This is what we are doing." After all, the entire market cap of BTC is larger than the combined market cap of all Altcoins, and making the stagnant BTC liquid may lead to many stories to tell.
Hemi: A Modular Layer 1 Public Chain
Project Introduction
Hemi is a modular protocol supported by Bitcoin and Ethereum, featuring strong scalability, security, and interoperability. By integrating Bitcoin nodes into the Ethereum Virtual Machine (EVM), Hemi unlocks smart contract capabilities for developers to seamlessly interact with the Bitcoin blockchain. This technology supports DeFi applications such as Bitcoin staking, lending markets, and decentralized market mechanisms, expanding the potential application scenarios of Bitcoin. In September 2024, Hemi Labs announced the completion of $15 million in financing, led by Breyer Capital and Binance Labs (now renamed YZi Labs).
Recent Major Developments
On February 26, Hemi announced that it plans to launch its mainnet on March 12. Based on actual interaction experiences, the Hemi mainnet options have been displayed.
According to the official content displayed in the official Discord, on one hand, all testnet tasks have been completed. As of 11:59 PM Eastern Time on March 9, 2025, all testnet tasks have ended, and users can no longer earn any additional testnet points through any tasks, including swapping, creating capsules, PoP mining, etc.
On the other hand, users can start staking on Hemi before the mainnet launch; the more they stake, the more points they accumulate. Hemi staking does not have mandatory binding or unbinding periods. Users can stake or unstake their assets at any time, allowing participants complete flexibility to enter and exit staking while still retaining all rewards earned to date. The points system for staking rewards provides 1 Hemi point for every $1 staked per day for all supported tokens, while hemiBTC, USDC, and USDT can earn double rewards. Additionally, staking on Hemi allows assets to receive extra rewards from official partner protocols. Starting from March 12, when Hemi's mainnet points season officially launches on the Absinthe UI, users will be able to see the points they have earned.
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