Ethereum and notable L2s

Introduction: Ethereum is a decentralized blockchain that lets developers build applications using smart contracts. It powers a wide range of use cases - from DeFi and NFTs to gaming and on-chain identity - all secured by its global validator network and its native asset, ETH, which is used for gas fees, staking, and securing the chain.

Catalyst: A clear catalyst supporting an ETH accumulation case is the macro setup shifting in Ethereum’s favor. The market is moving into an easing phase - rate cuts, an end to QT, and renewed liquidity injections. ETH has historically reacted strongly to liquidity expansion, and this cycle aligns with that pattern.

If the current structure is a supercycle rather than a full reset, the 2750–3100 zone represents a logical demand base before a sustained leg higher. A true supercycle would see ETH break into the 6k+ range by 2027 as liquidity, risk appetite, and on-chain activity expand simultaneously.

The alternative - this not being the supercycle - implies a multi-year contraction driven by low inflation, high rates, and weaker demand. But the macro environment isn’t tightening; it’s easing. Liquidity is increasing, not decreasing. That tilts probability toward upside continuation rather than a prolonged bear phase.

In short: ETH sits at a structural support zone just as the largest liquidity wave in years begins. If this is the supercycle, the setup aligns cleanly with the early stages of a long-duration uptrend.

Bitcoin Ecosystem

Introduction: SatGoBTC is a trusted mobile app for managing Bitcoin (BTC), Ordinals (Bitcoin NFTs), Runes (memecoins), and rare satoshis (sats). Powered by SatRepublic, it offers easy buying, selling, bridging (e.g., to Spark), and trading of these assets with a focus on user-friendly Bitcoin ecosystem tools.

Catalyst: SatGo aims to improve user experience and interface compared to existing solutions in the Bitcoin token ecosystem, which many users have found complex or fragmented.

Recently, SatGo added native support for Spark (a Bitcoin L2), making it one of the early wallets to enable seamless bridging and interaction with this network.

While still relatively new and operating with a low-profile approach, SatGo is working toward becoming a user-friendly, all-in-one platform for holding, trading, and managing Bitcoin-native tokens and assets. Its long-term potential to become a mainstream gateway for Bitcoin tokens can become a future if all the stars align.

Introduction: Not much has been revealed about Satsdaq beside being a upcoming product or platform by Xverse

Catalyst: Satsdaq is generating buzz even as official details have not been announced. Speculated to be inspired by the traditional Nasdaq exchange, this upcoming platform might be a trading hub for Bitcoin assets.

Expected support includes high-profile tokens like Runes, Ordinals, and Spark.

The project is being developed by Xverse, the dominant wallet in the Bitcoin ecosystem. With such a major player behind it, Satsdaq could be the "new big thing" needed to revitalize the current mellow market and unlock a new level of liquidity and adoption for Bitcoin-native digital assets.

Introduction: Zap is a Bitcoin-native app for seamless memecoin and Runes trading. It covers network fees for zero-gas swaps, supports instant buys of multiple assets (like $DOG), and enables one-tap payments via Apple Pay

Catalyst: Launched last week, the Zap trading platform has garnered mainstream attention with features like Apple Pay integration, free/fair asset listings, and no KYC requirements, positioning it as a major on-ramp for Bitcoin-related assets.

However, a significant controversy surrounds its foundational technology. Zap is built on Solana, meaning the listed tokens are of the SPL standard and are not true Bitcoin-native assets (like Runes or Ordinals).

This choice creates a fundamental tension: Is Zap's user-friendly approach and speed on Solana enough to overcome the preference for true Bitcoin-native tokens, or will this technical distinction limit its long-term success in the Bitcoin ecosystem?

Solana

1- Radr

Introduction: Radr is a privacy-focused payments and mixing protocol on Solana, using ElGamal encryption and zero-knowledge proofs to obscure identities and transaction amounts. Its flagship product, ShadowPay, offers trustless deposit/payment mixing with a 1M-depth Merkle tree and multi-hop relayers, fully audited and built for both individual users and enterprise integration.

Catalyst:

ShadowPay update launching Nov 17, 2025, introducing enhanced Deposit + Payment Pools for unlinkable, privacy-preserving transfers using ElGamal-encrypted amounts.

Gasless UX via relayers officially confirmed, enabling seamless anonymous payments across the Solana privacy ecosystem.

Introduction: Solstice Finance issues $USX, a synthetic USD-pegged stablecoin collateralized by USDC/USDT. The protocol manages nearly $300M TVL via its YieldVault, deploying delta-neutral strategies (13.96% Net IRR with no negative months). Backed by Deus X Capital and Galaxy Digital, $SLX powers governance and staking.

Catalyst:

Approaching the $300M TVL milestone (only ~$722K remaining as of Nov 16, 2025), which will increase the Campaign Allocation by +0.5% for Flares rewards.

Raydium integration for USX and eUSX liquidity pools (live since Oct 2025), enabling deeper composability and higher Flares farming multipliers (up to 15x for long-term holders).

BNB Chain

Introduction: Piggycell is a RWA project that tokenizes South Korea's leading shared power-bank network, integrating over 14,000 charging stations and 100,000+ devices with on-chain records. 

Catalyst: BNB Chain and Binance have been leaning heavily towards RWA in recent months and PiggyCell is another RWA project that has come to BNB Chain.

Piggycell has quickly become the network's most-used RWA protocol, amassing over 187,000 active users in just its first week. 

The project is backed by substantial, proven real-world utility: it controls an estimated 95% market share in South Korea's power bank sharing sector, leveraging over 100,000 batteries across more than 14,000 charging stations. With a user base of over 4 million paying customers transitioning to Web3 via the platform.

Introduction: Luna by Virtuals is the first tokenized AI agent on Virtuals Protocol , a 24/7 livestreaming K-pop virtual idol with 500K+ TikTok followers. Fans co-own and earn from her via the $LUNA token on Base, used for engagement, revenue sharing, and AI agent economy features.

Catalyst: Luna, via its new platform luna.fun, has launched the world's first meme launchpad featuring built-in, free AI-Generated Content (AIGC), selecting BNB Chain as its first ecosystem. This innovation allows communities to instantly generate viral memes, automating content creation.

The entire process is powered by AI agents running on the Virtuals.io Agent Commerce Protocol (ACP), with seamless payments handled by the x402 protocol. Strategically backed by both Base and BNB Chain, luna.fun is positioned to become the leading launchpad for AI agents within the BNB Chain ecosystem.

3- Renaiss Protocol

Introduction: Renaiss Protocol is a BNB Chain-based RWA platform tokenizing physical collectibles (like TCG cards) into on-chain NFTs, enabling liquidity, trading, and verification via partnerships

Catalyst: Renaiss has launched its Alpha testnet on BNB Chain, introducing a distinct approach to Real-World Assets (RWA). The project focuses on creating liquidity infrastructure for real-world collectibles, aiming to build a specialized financial network for collectors.

This network seeks to introduce efficiency, transparency, and data-driven intelligence to the traditionally opaque on-chain collector economy. Specifically, the protocol is the first in the BNB ecosystem to tokenize PSA-certified physical trading cards (starting with Pokémon cards), allowing users to trade or redeem corresponding ownership NFTs.

While still in its early stage with a novel approach, Renaiss is tapping into the vast, often illiquid, potential of high-value physical collectibles. If the platform successfully validates this model, it could unlock a major, uncovered segment of the RWA market on BNB Chain.

Base

1- Glider 

Introduction: Glinder is a gas-free onchain portfolio automation platform that allows users to seamlessly build and manage investment portfolios on Base without worrying about gas fees. Backed by a16z crypto, Coinbase, Uniswap, and GSR, Glider focuses on tracking and reacting quickly to Base ecosystem trends.

Catalyst: Just launched 6 new portfolios on Base (Nov 14) offering 2x Glider Points for holders, along with fake token alerts to protect the community. These portfolios automatically rebalance based on Base market dynamics - expected to boost engagement and TVL this week as Base transactions hit an ATH of 16.1M/day.

Introduction: noicedotso is an internet capital alignment platform on Base, featuring Oracle - an AI agent for social trading that lets users automatically buy a related token by liking a post on X, enabling founders to raise capital easily through SSLP and vesting.

Catalyst: Oracle launched on Nov 11 with a $20K treasury and 100% fee/vesting proceeds burned to test mechanics. The official launchpad is going live soon, deeply integrated with 0x, Kyber, Privy, and Doppler, expected to drive social trading volume and founder adoption across Base in the next 1–2 weeks.

HyperLiquid

Introduction: Hybra Finance is a DeFi protocol on Hyperliquid focused on yield optimization, NFT markets, and vote-escrowed (ve) token mechanics, enabling users to lock $HYBR for governance and boosted rewards.

Catalyst: On November 17, it launched its Token Generation Event (TGE), opening airdrop claims at 13:00 UTC, with veHYBR immediately tradable on HyperWarp. Season 0 introduces $100K in cash rewards for liquidity providers and traders, alongside NFT yield farming integrations, positioning Hybra as a composable layer for HyperEVM's growing DeFi stack.

Introduction: Felix Protocol is a builder toolkit for deploying perpetual futures markets on Hyperliquid via HIP-3, emphasizing native collateral and seamless on-chain execution.

Catalyst: On November 14, it rolled out its flagship TSLA-USDH perpetual market with up to 5x leverage and USDH as collateral, allowing direct equity exposure without off-chain wrappers. This marks one of the first non-crypto assets on the platform, with rapid adoption driving millions in open interest and showcasing HIP-3's potential for permissionless innovation in global finance.

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