Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
Affected by the overall decline of the U.S. technology sector, Bitcoin fell to $ 78,000 this morning, and market sentiment was depressed. In the past 24 hours, more than 260,000 people suffered liquidation, with a total liquidation amount of up to $760 million, which can be described as a sea of wailing.
The bleaker the market, the more the community focuses on it, and short-term trading opportunities emerge. In such a sluggish market last night, Movement announced that the public mainnet Beta version is now online, and its token MOVE rose against the trend, briefly breaking through $0.56 and temporarily reporting $0.5.
Therefore, Odaily Planet Daily will take you to review the popular projects that will be launched on the mainnet this month. These high-financing projects are worthy of special attention and may be able to boost the morale of altcoins.
Nillion: A leader in blind computing that spans the two tracks of AI and privacy
Project Introduction
Founded in 2021, Nillion offers a novel approach to handling private data in distributed systems without compromising security or efficiency. Supported by application frameworks such as nilVM, nilDB, nilAI, and nilChain, Nillion provides developers with a variety of tools to help them build private applications in areas such as artificial intelligence, DeFi, and data storage.
According to official information, on October 31, 2024 , Nillion announced the completion of a new round of financing of US$25 million, led by Hack VC, with participation from Arbitrum, Worldcoin and Sei as well as a group of venture capitalists and angel investors. As of now, its total financing amount has exceeded US$50 million.
Recent major developments
Regarding the privacy-secure computing network Nillion, two important official announcements are worth noting:
On January 20, it was announced that the airdrop query will be opened , which is also the most concerned thing for the money-grabbing party. Early participants (airdrop qualifications include node validator participation, community participation in specific Discord roles, POAP holders, and developer contributions) can visit the Nillion qualification checker and register (the deadline is February 3), and it is stated that after the public mainnet is launched, the participants NIL tokens will be deposited into their claim wallets;
Recently, it was announced that the mainnet will be launched in March , which means that the tokens will be TGE when the mainnet is launched. Previously, Nillion has stated that it will distribute up to 75,000,000 NIL tokens ( 7.5% of the total supply) to Nillion community members and early builders, including validator program participants, community workers and developers. It seems that early participants can harvest again.
Initia: Modular Layer 1 Public Chain
Project Introduction
Initia is a modular Rollup integrated Layer 1 public chain project founded by former LUNA employees, aiming to eliminate the fragmented experience of multi-chain systems through vertical integration of technology stacks. Initia has built a new multi-chain economic framework, Initia VIP, which helps L2 attract and retain users while creating new use cases for tokens, thereby driving the value growth of INIT and L1.
According to ROOTDATA data , Initia has completed multiple rounds of financing, with a total amount of US$24 million , of which two were larger:
On February 27, 2024, Initia announced the completion of a $7.5 million financing round, led by Delphi Ventures and Hack VC;
On September 25, 2024, Initia announced the completion of a $14 million Series A financing round led by Theory Ventures.
In addition, Binance Labs (now renamed YZi Labs) announced earlier that it would invest in Initia. The funds raised have not been disclosed yet. The funds raised will be used to support the development of Initia infrastructure and developer tools.
Recent major developments
On March 5, Initia officially posted a message on the X platform, “March.”, hinting that the mainnet will be launched in March.
On March 7, Initia officially announced that it would stop using the Initia wallet browser extension. Therefore, those who previously used the Initial Wallet in the interactive test network must migrate to the new wallet before March 18, otherwise jennie and the test network data will not be retained; if you use non-native wallets such as Keplr, Leap, Metamask, etc., you can ignore it (migration address: https://migration.initia.xyz/ ).
From the above official actions, we can see that Initia is approaching TGE. For those who have not yet participated in the interaction, they can only try their best and make up for the interactive operations such as receiving test coins, swapping, staking, etc. (link: https://app.testnet.initia.xyz/ ). For those who have already interacted, please make sure that the interactive data in the Initia wallet has been migrated and wait for the pork trotter rice reward.
Babylon: A protocol that allows BTC to earn interest through staking
Project Introduction
Babylon is a BTC staking protocol that allows BTC holders to earn income from idle Bitcoin in a secure way: without third-party trust or bridging Bitcoin to any other chain. Holders only need to lock their Bitcoin in a self-custodial manner to gain the right to verify the PoS chain and earn income in return. Supported by the protocols fast unbinding and scalable re-pledge functions, BTC stakers can also enjoy maximum liquidity and returns. At the end of May 2024, Babylon announced the completion of a new round of financing of US$70 million, led by Paradigm.
Recent major developments
On February 24, Babylon Foundation posted a message Hello World on the X platform with an attached video, which may hint at the announcement of TGE-related news in the near future;
On February 25, Babylon airdrop registration is now open for 18 days. Users eligible for the airdrop include: Phase 1 stakers (Pioneer pass NFT holders who staked in the first phase can get additional bonuses); Babylon Phase 1 Finality providers; Contributors to eligible Github repositories;
On February 27, the Babylon Foundation posted on the X platform that it had considered the communitys voice and decided to expand the scope of the airdrop, and all NFT holders were eligible for the airdrop.
At present, the early interactive stage of Babylon has ended. Users who participated in the test network previously received official NFT rewards, and the highest price of this NFT in the over-the-counter market once reached $150; the early participation method of Babylon mainnet is relatively simple, and only requires depositing BTC and staking during the open window period.
Previously, Fisher Yu, co-founder of Babylon, said in a Space, “In the macro sense, Babylon’s mission is to help the Altcoin world break out of the circle and gain recognition from the mainstream world by establishing a strong connection between Bitcoin and Altcoin. This is what we do.” After all, the entire market value of BTC is larger than the market value of all Altcoins combined. If the immobile BTC is mobilized, there may be many stories to tell.
Hemi: Modular Layer 1 Public Chain
Project Introduction
Hemi is a modular protocol supported by Bitcoin and Ethereum, with strong scalability, security, and interoperability. By integrating Bitcoin nodes into the Ethereum Virtual Machine (EVM), Hemi unlocks smart contract capabilities for developers to interact seamlessly with the Bitcoin blockchain. This technology supports DeFi applications such as Bitcoin staking, lending markets, and decentralized market mechanisms, expanding the potential application scenarios of Bitcoin. In September 2024, Hemi Labs announced the completion of a $15 million financing round, led by Breyer Capital and Binance Labs (now renamed YZi Labs).
Recent major developments
On February 26, Hemi announced that it plans to launch the mainnet on March 12. Combined with the actual interactive experience, the Hemi mainnet option has been displayed.
According to the official content in the official Discord, on the one hand, all testnet tasks have been completed. As of 11:59 pm EST on March 9, 2025, all testnet tasks have ended, and users can no longer obtain any additional testnet points through any tasks, including exchange, capsule creation, PoP mining, etc.
On the other hand, users start staking on Hemi before the mainnet launch, and the more they stake, the more points they accumulate . There is no mandatory binding or unbinding period for Hemi staking. Users can stake or unstake assets at any time, allowing participants complete flexibility to freely enter and exit staking while still retaining all rewards earned to date. The point system for staking rewards provides 1 Hemi point per $1 staked per day for all supported tokens, while hemiBTC, USDC, and USDT can earn 2x returns. In addition, staking on Hemi also allows assets to receive additional rewards from official partner agreements. Users will be able to see the points they have earned starting March 12, when Hemis mainnet points season officially goes live on the Absinthe UI.
