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
BTC 15-minute up 0.46%: spot trading volume expansion and derivatives long position buildup as two drivers
From 2026-04-15 19:30 to 19:45 (UTC), the BTC price fluctuated between 74,706.2 and 75,276.9 USDT. Within 15 minutes, the return reached +0.46%, and the range was 0.76%. Trading activity in the market for this window was active: spot trading volume rose 18% compared with the previous hour’s average. Volatility increased in the short term, and overall market attention improved.
The main drivers behind this abnormal move are the short-term amplification of spot market trading volume and the coordinated increase in long positions in the derivatives market. Derivatives futures open interest (Open Interest) during this period, on a month-over-month basis,
GateNews54m ago
BTC Breaks Through 75000 USDT
Gate News bot 消息，Gate 行情显示，BTC 突破 75000 USDT，现价 75000 USDT。
CryptoRadar1h ago
Top 100 Crypto Tokens See Mixed Performance: DEXE Surges 21.85%, RAVE Plunges 23.75%
On April 15, CoinMarketCap reported mixed performance among the top 100 cryptocurrencies. DeXe (DEXE) gained 21.85%, while RaveDAO (RAVE) fell 23.75%. Other notable gainers included Siren, Chiliz, Aave, and Arbitrum, with losses seen in JUST, Worldcoin, Dash, and LayerZero.
GateNews4h ago
Crypto Market Sees $257M in Liquidations in 24 Hours, Long Positions Hit Hardest
The cryptocurrency market experienced $257 million in liquidations within 24 hours, with longs at $163 million and shorts at $93.82 million. Bitcoin and Ethereum had significant liquidations, totaling $55.59 million and $43.59 million, respectively.
GateNews5h ago
BTC 15-minute drop of 0.62%: Exchange net inflows and liquidity depletion in sync trigger selling pressure
2026-04-15 14:30 to 2026-04-15 14:45 (UTC), the BTC price’s return over 15 minutes was -0.62%. The quoted range was 73,905.4 to 74,448.0 USDT, with a swing of 0.73%. Market volatility quickly intensified, drawing widespread attention from investors, and short-term trading activity became active.
The main driver behind this unusual movement was BTC net inflows to exchanges. On-chain data shows that during this period, about 6 BTC ($420,690) moved into exchanges, combined with the fact that the market’s overall order book depth has been continuing since February
GateNews5h ago
BTC 15-minute drop of 0.70%: Increased ETF fund outflows and a coordinated sell-pressure trigger from derivatives position adjustments
From 2026-04-15 13:30 to 13:45 (UTC), the BTC price fluctuated within the range of 73,846.3 to 74,415.9 USDT. Within 15 minutes, the return recorded -0.70%, with an amplitude of 0.77%. During this period, market volatility intensified, trading volume and on-chain transfers heated up significantly, and market participants’ risk sensitivity increased.
The main driving force behind this unusual move was a sharp increase in ETF fund outflows. Data shows that on 2026-04-13, U.S. spot Bitcoin ETFs recorded net outflows of -231.7 million dollars, far above the one-week average
GateNews6h ago
