The following content is published by the JuCoin Labs Crypto Research Institute:
According to data from goatindex.ai, the total market cap of AI projects currently stands at $7 billion, covering 542 projects in total—316 projects have already issued tokens, while 226 have not.
AI is undoubtedly the key sector in the crypto field in 2025, and funds and traffic will further flow into the AI sector. AI projects have become the primary focus of investment, and while some already have a user base and products, the projects that have not yet issued tokens are especially worth our close attention.
Focusing on these early-stage projects may offer opportunities for a breakthrough. In the following text, we will analyze the top 10 potential projects in this category. Based on data published by SendAI, this article provides a simple categorization based on each project’s main narrative and product features for reference.
Key Projects to Watch
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HeyElsa
HeyElsa is one of the few DeFAI projects with an actual product. Its main feature is the realization of AI-driven DeFi. It also supports smooth cross-chain operations, currently supporting chains such as ETH, SOL, Base, Arbitrum, etc. From the product roadmap (as shown below), HeyElsa has a very comprehensive plan, covering aspects like DAO and blockchain, and its roadmap is particularly clear. In product implementation, some users have successfully transferred $90,000 from ETH to SOL using HeyElsa’s DeFAI interface.
HeyElsa has been integrated with @CoinbaseWallet to help users execute gas-free, effortless transactions. At the same time, HeyElsa is continuously expanding its top-tier partnerships; recently, it partnered with @CoinbaseDev2 to sponsor the Onchain AI Hackathon in San Francisco on February 1-2. Judging from its community performance, HeyElsa has a large user base of real users, making it a key project worth our attention.
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InfinityGround
Infinity Ground has received an honorable mention in the hackathon’s main track. It is an AI-native entertainment application chain built on SVM. Not only can it create AI games and interactive experiences for users, but it also provides advanced tools for developers to simplify the creation of AI-driven casual games.
By cultivating a unified and rich AI-native gaming ecosystem, Infinity Ground is reshaping the landscape of digital entertainment. Notably, Infinity Ground has also been selected by BNB Chain, and the official BNB Chain Twitter account has helped spread the word.
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Socrates AI
Socrates AI is a launchpad for agent groups supported by 0G_labs. Its main innovation is to offer a customizable AI launchpad. Additionally, it is based on ai16z’s Eliza framework and will initially launch on the Solana Virtual Machine (SVM). Although the product has not yet been released, the official team has opened a whitelist application, and as of December 2024, the number of whitelist applicants has exceeded 10,000.
From the perspective of community sentiment, Socrates AI has a good user base and presents innovative ideas in its product. In the future, the project will also publish its tokenomics. With a substantial number of real users in the community, we look forward to its product launch.
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Voltr
Voltr is created by @HeyAnonai’s founder @danielesesta. It proposes that AI drives DeFi yields while simplifying users’ interactions with DeFi protocols. The Voltr protocol comprises two main components: the vault and the adapter, which together enable customizable yield strategies.
Its features include automated strategies for optimizing yield, multi-strategy vault management, an AI-ready architecture, an extensible adapter system, a role-based security model, and support for various DeFi protocols. Although its product functions are not yet available, it remains a project to watch.
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Dungeon Dot Cash
This is an AI-based role-playing game where players can choose a character and purchase the corresponding character token. Players interact with AI to expend tokens for moving or combat actions, and can also steal opponents’ liquidity through game mechanics. It’s a very cool game.
Dungeon Dot Cash’s product has not yet been officially launched. According to its official roadmap, the project will eventually support four languages and various competitive game modes. Based on community performance, Dungeon Dot Cash has relatively positive community sentiment and has already accumulated a loyal user base at this early stage, making its future token issuance worth anticipating.
Other Noteworthy Projects
ZkAGI
ZkAGI is a framework designed to promote privacy-preserving AI technology to advance the decentralized physical infrastructure network (DePIN). Narratively, ZkAGI is an AI framework combined with zero-knowledge proof technology, representing a new narrative for an older project. For projects like this, we need to see whether AI can be further implemented.
fomofactory (Autonomous Chat Agents Track)
Its main narrative is to help celebrities or projects issue AI Memecoins. Its key feature is that users who purchase early can enjoy the benefits of later buyers. Currently, participation on the official website requires an invitation code, and the app is not available for download.
Awe!
Awe! believes that most memecoins are unsustainable in the long run and proposes to empower memecoins by adding AI Agents to enable interaction among meme proxies. Additionally, Awe! combines GameFi elements to transform memecoins from static images into dynamic interactive experiences. According to its roadmap, possible interactions include Memegent competitive battles, card games, puzzles, etc., and the product plan also covers wallets, payments, and staking.
At present, Awe!’s product is not officially live, and its token $AWE is mainly used for ecosystem construction and rewards for developers and users. Awe! is still in a very early stage; its first tweet was published on December 23, 2024. Judging from community performance, Awe! currently has a relatively small technical user base, and for long-term development, product launch and community culture will be essential.
FungIPle
FungIPle proposes to bring Web2 IP into Web3 through Agents. In terms of project development, FungIPle has undergone a transition from the NFT field to AI Agents. In its product roadmap, it also plans to expand into personalized KOL monitoring, real-time alpha assistant functions, and more.
FungIPle previously conducted an airdrop activity in collaboration with OKX. In terms of user base, FungIPle still needs to further build momentum. Its current website is relatively simple, and some well-known Web2 IPs are not yet retrievable; however, if FungIPle’s product lands, it could become a value dip as Web2 flows into Web3. Overall, it is a project worth watching.
EliteAgents_AI
ELITE Agents, from a practical standpoint, introduces a new ownership model to address the inequity in developer incentives. The ELITE Agent protocol rewards developers who contribute AI Utility Agents plugins to the ELITE platform. Additionally, ELITE Agents will integrate tools commonly used by users such as Dune, Twitter, email, and various DeFi protocols. The primary goal of ELITE Agents is to build the infrastructure for AI agents so that their deployment is collaborative, accessible, and rewarding.
ELITE Agents presents an innovative perspective, though its product has not yet been launched. Community performance suggests that ELITE Agents needs further development.
Overall, most of the award-winning projects from the Solana Hackathon have not yet been fully launched, but some innovative projects remain worth our attention.
Note: The above content is for informational purposes only and does not constitute investment advice. DYOR (Do Your Own Research).
Neason Oliver
