C, further enhancing its application potential in decentralized finance (DeFi). Additionally, the launch of decentralized lending platforms such as Suilend has led to significant growth in DeFi activities within the Sui ecosystem, with total value locked (TVL) continuously increasing, demonstrating its strong development momentum. Sui’s innovative technology and expanding DeFi ecosystem give it long-term growth potential, but the key to its future lies in its ability to attract more developers and users to participate.
4. Jupiter (JUP): Liquidity provider in the Solana ecosystem
Introduction: Jupiter is a decentralized trading aggregator in the Solana ecosystem, serving as a liquidity bridge by providing users with optimal trading paths and low slippage trading experiences. Jupiter integrates various sources of liquidity within the Solana ecosystem, helping users complete trades at the best prices. It has also launched a mobile application to further enhance user experience.
Current circulation: Jupiter has a total supply of 10 billion tokens, with approximately 1.35 billion already in circulation. As Jupiter’s liquidity management capabilities continue to improve, the demand for tokens also increases. Tokens from team and community staking rewards are gradually unlocked, increasing token liquidity.
Price change: Over the past month, the price of JUP tokens has increased from $0.7 to $1.00, representing a growth of approximately 42%. The main driving factors behind this price increase are the expansion of the Solana ecosystem and the improvement of Jupiter’s liquidity aggregation.
Future potential analysis: On September 20th, Jupiter, the Solana ecosystem’s DEX aggregator, released several updates. In October, it also plans to launch a mobile application, email newsletter, and DAO website to further enhance user experience.
The future performance of JUP largely depends on the development of the Solana ecosystem. If Solana’s technical issues are effectively resolved, JUP may have new growth opportunities. If the Solana ecosystem continues to expand, the JUP token is expected to rise, but caution should be exercised regarding the technical and market risks of the Solana network.
5. Bittensor (TAO): Pioneer of decentralized computing networks
Introduction: Bittensor is a decentralized machine learning network aimed at promoting the development of Web3 and AI by providing decentralized computing resources. Bittensor offers a GPU-based computing rental platform where users can lease computing resources by paying with TAO tokens. Computing node participants in the Bittensor network can earn TAO tokens by sharing computing power.
Current circulation: The total supply of TAO tokens is 21 million, with approximately 7.38 million currently in circulation. The remaining tokens will gradually enter the market circulation as they are used for leasing computing resources. The liquidity of TAO depends mainly on the computing demand within the network, and the growth of the Bittensor project will directly impact the token demand.
Price change: Over the past month, the price of TAO has increased from $250 to $575, representing a growth of 130%. The price increase is primarily due to Grayscale’s launch of the Bittensor Trust Fund and the increasing demand for decentralized computing resources.
Future potential analysis: Bittensor’s innovative model combines blockchain with decentralized computing resources, particularly in the Web3 field, where the rise of computationally intensive applications will drive demand for the Bittensor network. As the network expands, the demand for TAO tokens as a payment tool within the Bittensor ecosystem is expected to continue growing. The launch of the Bittensor Trust Fund by Grayscale further enhances market confidence in TAO. With the continuous development of the Web3 ecosystem, TAO tokens have significant potential for growth, especially against the backdrop of increasing demand for decentralized computing resources.
6. dYdX (DYDX): Giant in the decentralized derivatives market
Introduction: dYdX is a leader in the decentralized derivatives market, focusing on providing users with decentralized perpetual contracts and leveraged trading services. Its permissionless architecture and efficient order book system provide users with a highly transparent trading environment, attracting a large number of institutions and high-frequency traders.
Current circulation: The total supply of DYDX tokens is 400 million, with approximately 220 million currently in circulation. The tokens held by the team and investors are gradually unlocked to ensure market stability.
Price change: Over the past month, the price of DYDX has increased from $0.8 to $1.25, representing a growth of over 56%. The return of founder Antonio Juliano has boosted market confidence in dYdX, and the expansion of its platform functionality and increased trading volume have further driven the token price.
Future potential analysis: dYdX’s leading position in the decentralized derivatives trading market is unshakable. Its technical architecture and product features are favored by institutions and large traders. With the return of founder Antonio Juliano, dYdX’s strategic direction is clearer, and it is expected to continue strengthening its derivatives trading capabilities.
On October 20th, Charles d’Haussy, CEO of the dYdX Foundation, announced on social media that “speakers will reveal secrets about moats, trojan horses, and flywheels” at the upcoming dYdX Day event.
Additionally, the transparency and trustlessness of decentralized exchanges give them long-term growth potential. As the leader in decentralized derivatives trading platforms, dYdX has significant long-term growth potential, especially as the derivatives market continues to expand.
7. SushiSwap (SUSHI): Innovative force in the DeFi sector
Introduction: SushiSwap is an innovative pioneer in the DeFi sector. Initially a fork of Uniswap, it has gradually established an independent position in the DeFi field through technological innovation and expansion. SushiSwap offers features such as liquidity mining and leveraged trading, and its unique product design has attracted a wide user base.
Current circulation: The total supply of SUSHI tokens is 250 million, with approximately 140 million currently in circulation. The tokens held by the team and early investors are gradually unlocked, and the market demand for tokens is further enhanced through staking incentives and liquidity mining.
Price change: Over the past month, the price of SUSHI has increased from $0.52 to $0.8, representing a growth of approximately 53%. This increase is mainly attributed to SushiSwap’s technological upgrades and anticipated strategic acquisitions.
Future potential analysis: On October 21st, Jared Grey, CEO of Sushi Labs, stated on X that Sushi outperforms major aggregators on key metrics such as price, gas, and latency, and its volume is steadily increasing month by month. Sushi is about to announce a strategic acquisition that will introduce built-in innovative DeFi primitives into AMM and perps vertical on SushiSwap.
The latest technological upgrades and strategic acquisition plans demonstrate the ambition of the SushiSwap team in the future DeFi race. The future performance of the SUSHI token largely depends on the successful transformation of these innovations into practical applications and liquidity growth. By continuously enhancing its competitiveness in the DeFi market through technological innovation and expansion, SushiSwap’s SUSHI token has significant potential for upward movement.
8. Worldcoin (WLD): Attempting identity verification and Web3 infrastructure
Introduction: Worldcoin is a global identity verification and Web3 infrastructure project supported by Open AI founder Sam Altman. Worldcoin provides global digital identity verification through World ID, utilizing a decentralized identity system to offer real identity verification services to users. Its Layer 2 network, World Chain, is built on Optimism and supports cross-chain transactions, collaborating with multiple well-known projects such as Uniswap and Etherscan.
Current circulation: The total supply of WLD tokens is 10 billion, with approximately 550 million currently in circulation. As the number of identity verification users increases, more tokens will gradually be unlocked and enter the market circulation.
Price change: Over the past month, the price of WLD has increased from $1.3 to $2.3, representing a growth of 76%. The driving forces behind this price increase include the launch of World Chain’s mainnet, collaboration with Dune Analytics to enhance on-chain transparency, and Uniswap’s support for trading on World Chain.
Future potential analysis: Worldcoin’s application scenarios cover identity verification, financial transactions, and Web3 applications, aiming to provide users with an ecosystem based on real human identities. The price increase is driven by the launch of World Chain’s mainnet and collaboration with Dune Analytics to enhance on-chain transparency.
Moreover, Uniswap has officially launched on World Chain, significantly increasing its trading volume, making Worldcoin one of the largest applications on the OP Mainnet. The demand for WLD tokens will steadily increase if the identity verification protocol of Worldcoin continues to expand and the global user base continues to grow. Additionally, as the usage of its Layer 2 network, World Chain, grows and more developers build applications on its platform, the utility and demand for WLD tokens will increase significantly.
Conclusion: The long-term rise of value coins
Although meme coins dominated the market in the past year, value coins are regaining investors’ attention due to their technological support, ecosystem expansion, and long-term growth potential. These eight projects showcase the potential of value coins in the future market. As these projects further materialize, value coins are expected to lead a new bull market.
