Market Recovery, Airdrop Craze Returns: Upcoming TGE Project Highlights

By: blockbeats|2024/12/03 14:45:01

Recently, with the recovery of the crypto market, on-chain liquidity has decreased, and hot money has begun to move to the secondary market. Several previously stagnant protocols or projects have accelerated their mainnet launch and token TGE processes, especially in the DeFi and L1 tracks. Teams have gone through a "market baptism," optimizing their token distribution strategy, increasing initial circulating supply to avoid the high FDV liquidity trap, while also enhancing airdrop efforts to incentivize community participation.

Furthermore, as Bitcoin approaches the $100,000 milestone, its momentum has paused, and the current slight consecutive decrease in market dominance has also sparked market anticipation for the "altcoin season." The meme trend continues, and VC coins have also found hope. To help readers better understand the market dynamics, BlockBeats has compiled and listed some recently launched or upcoming TGE projects. This article is for communication purposes only and does not constitute any investment advice.

1.Magic Eden

Market Recovery, Airdrop Craze Returns: Upcoming TGE Project Highlights

Magic Eden, as a well-established multi-asset exchange market focusing on NFTs, announced in August that it would launch its token. According to official information, its token ME has a total supply of 1 billion; it will be distributed over four years, with 50.2% allocated to the community and an initial airdrop ratio of 12.5%. On November 23, the Magic Eden Foundation announced that the ME token TGE would take place on December 10. Airdrop eligibility and distribution query will open on December 4.

As a star project of the year, Magic Eden raised a total of $149 million, with participating institutions including Sequoia Capital, Paradigm, Greylock, and Coinbase Ventures, among others. Related reading: "Magic Eden Token Set to TGE – What Preparations Should Be Made to Claim Airdrop?"

2.Berachain

Berachain is a Layer 1 blockchain built on the Cosmos SDK that is EVM-compatible; its tokenomics have not yet been disclosed. On September 18, Vance Spencer, co-founder of Framework Ventures, stated that the Berachain mainnet and token are planned to launch by the end of 2024.
Berachain raised a total of $142 million, with participating institutions including Framework Ventures, Polychain, OKX Ventures, and Amber Group, among others. Related reading: "Exclusive Interview with Berachain Co-founder: The Last Fun Public Chain in Crypto, Committed to Taking Grassroots Movements to the End"

3.Movement

Movement is the infrastructure based on the Move language. Its token MOVE has a total supply of 10 billion, which will be gradually unlocked over 5 years, with an initial circulating supply of around 22%. 60% of the total supply will be allocated to the community. Airdrop registration is now open.

Movement raised a total of $41.4 million, with participating institutions including Polychain, Binance Labs, Placeholder, and OKX Ventures, among others. Related reading: "Interview with Movement Labs: What are the characteristics of the Binance Labs-backed modular + MOVE?"

4.SynFutures

SynFutures is an on-chain derivatives trading market on Base. Its token F has a total supply of 1 billion, with its TGE scheduled to take place soon.

SynFutures raised a total of $37.4 million, with participating institutions including Pantera Capital, Polychain, and Dragonfly, among others. Related reading: "Decoding SynFutures, the aggregator of the Base ecosystem."

5.XION

XION is a Layer 1 public chain based on a chain abstraction concept. Its token XION has a total supply of 200 million, with a 5% airdrop allocation, and its TGE is upcoming.

XION raised a total of $36 million, with participating institutions including Multicoin Capital, Animoca Brands, and Arrington Capital, among others. Related reading: "Conversation with XION: Will chain abstraction be the next Mass Adoption?"

6.Bluefin

Bluefin is an on-chain financial transaction platform based on Sui. Its token BLUE has a total supply of 1 billion, with an airdrop allocation of 17.15%, and the airdrop query is now open.

Bluefin has a total funding of $29.2 million, with participating institutions including Polychain, CMS Holding, and HTX Ventures, among others. Related reading: "Supporting a $500 Million TVL, Sui Ecosystem DeFi Project Overview"

7.WalletConnect

WalletConnect is a Web3 communication protocol. Its token WTC has a total supply of 1 billion, with an airdrop allocation of 18.5%, and the airdrop query is now open.

WalletConnect has a total funding of $23.5 million, with participating institutions including Union Square Ventures, 1kx, and Coinbase Ventures, among others. Related reading: "An Analysis of Web3 Identity Infrastructure: Wallets, Identity Verification, and Privacy Systems"

8.Solv Protocol

Solv Protocol is a Bitcoin collateralization protocol. Its token SOLV has a total supply of 8.4 billion, with an initial circulating supply of around 10%, and the TGE will take place soon.

Solv Protocol has a total funding of $22 million, with participating institutions including Blockchain Capital, OKX Ventures, and Waterdrip, among others. Related reading: "No More Hundredfold Coins: Who Will Benefit from the Industry Dividend of the New Cycle? | DripEcho 2.0XSolv Protocol"

9.Lumoz

Lumoz is a modular computation layer and RaaS platform; its token esMOZ has a total supply of 10 billion, with this airdrop accounting for 10%, and it is exchangeable at a 1:1 ratio for the mainnet's native token MOZ, with the TGE scheduled for December 6.

Lumoz has raised a total of $10 million, with participation from Web3.com Ventures, NGC Ventures, OKX Ventures, among others. Related reading: "Opside Rebrands to Lumoz, Ushering in the ZK-RaaS Era"

10.Sophon

Sophon is a modular blockchain project. The total token supply has not been disclosed, with 20% allocated to nodes, and the mainnet is set to launch on December 18.

Sophon has raised a total of $10 million, with participation from Binance Labs, OKX Ventures, HTX Ventures, among others. Related reading: "Comparing Data from Aethir, Sophon, CARV: Which Node Sale Offers the Highest Returns?"

11.Swell

Swell Network is a liquidity staking platform; the SWELL token has a total supply of 10 billion and has recently completed its TGE.

Swell has raised a total of $3.75 million, with participation from Framework Ventures, IOSG Ventures, Apollo Crypto, among others. Related reading: "Decoding Swell Network: Can It Lead the Liquidity Staking Era?"

12.Hyperliquid

Hyperliquid is a decentralized exchange platform that was once one of the hottest Perp DEXs in the English-speaking community. The HPYE token has a total supply of 1 billion and recently completed its TGE. Following the token's listing, the HYPE price surged, nearly quintupling in less than 3 days. The Hyperliquid airdrop distributed a total of 310 million tokens, and even at an opening price of $2, the airdrop size reached $620 million, making it one of the largest airdrop projects of the year.

Official information indicates that Hyperliquid did not accept VC investment. The team stated, "This allows them to focus on building the product without external pressure." Hyperliquid has placed the entire exchange, including the order book, on-chain, while democratizing the complete liquidity provider (HLP) strategy. In this way, the team does not benefit from Hyperliquid, fostering better resonance with users. Related reading: "Exclusive Interview with Hyperliquid: The Hottest Perp DEX in the English Community, What Makes It Competitive with dYdX?"

Overview of Upcoming Projects with Future TGEs

The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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