Author: Zhou, ChainCatcher

Since the beginning of this year, the overall trend of Token Generation Events (TGE) in the crypto market has been on the rise. Data indicates that the total financing amount in the first three quarters exceeded $1 billion, with a single project's fully diluted valuation (FDV) reaching as high as $315 million.

Currently, several highly anticipated projects have confirmed that they will conduct their TGEs in mid to late October, signaling the arrival of a TGE boom in Q4. Below are detailed introductions to these projects.

Monad ($MON) | High-Performance Layer 1 Blockchain

Monad is an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain. According to official information, Monad defines itself as a high-performance L1 that uses a PoS mechanism and aims to create new paradigmatic possibilities for public chains through pipelined execution of Ethereum transactions. The project has raised approximately $244 million, with investors including Paradigm, Dragonfly, Coinbase Ventures, and Animoca Brands, resulting in a post-investment valuation of about $3 billion.

The official announcement states that airdrop claims will open on October 14, and Hyperliquid will launch MON-USD hyperps (pre-market perpetual contracts) on October 8, allowing users to long/short $MON with up to 3x leverage, with current trading volume exceeding $15 million. The conditions for claiming the airdrop have not yet been disclosed, and the community speculates that Monad's airdrop may follow a "first-come, first-served" model, requiring completion of challenging tasks before claiming.

Enso ($ENSO) | Cross-Chain Liquidity Protocol

Enso will launch on the Binance Alpha platform on October 14, and eligible users can visit the Alpha event page to claim airdrops using Alpha points. Enso is a cross-chain liquidity protocol focused on automated trading and asset management, enabling users to optimize DeFi strategies through smart contracts. The project has raised approximately $9 million, supported by institutions such as Polychain, Spartan Group, and Mapital Capital.

Yei Finance ($CLO) | Money Market on Sei Network

Yei Finance will launch on the Binance Alpha platform on October 14, with the CLOUSDT perpetual contract (50x leverage) going live at 19:30 (Beijing time) on the same day. Eligible users can claim CLO token airdrops using Binance Alpha points. Yei Finance is a decentralized, non-custodial money market protocol on the Sei network, currently achieving a total market size of over $389 million and total lending exceeding $170 million. The project completed a $2 million seed round financing led by Manifold Trading by the end of 2024.

Fleek ($FLK) | Easily Build Open Websites and Applications

According to official information, Fleek is a social application where users can create AI-generated or AI-enhanced content and earn through tips, token trading, brand activities, and premium features.

Official information shows that its token FLK has a maximum supply of 100 million, with an initial circulation of 28%, and 10% will be used for agent rewards and airdrops. The Fleek project will conduct a token sale through CoinList from May 1-8, 2025, with the FLK token priced at $0.75, resulting in a fully diluted valuation (FDV) of $75 million. Therefore, the airdrop on October 14 will distribute 10 million FLK tokens to the community, valued at approximately $7.5 million.

LAB ($LAB) | Multi-Chain Trading Terminal

LAB is a multi-chain trading terminal that offers unique trading algorithms, multi-chain support, and customizable trading features. The project has raised approximately $5 million, with core investors including Animoca Brands, Amber Group, GSR, and OKX Ventures. The airdrop will take place on October 14, but the official has not disclosed the airdrop ratio or details, only hinting in Discord and Galxe community activities that active traders and early users will be rewarded, with potential airdrops possibly accounting for 1-2% of the total supply.

Novastro ($XNL) | AI-Driven RWA Layer 2

Novastro is an AI-driven RWA Layer 2 chain. The project has raised approximately $1.2 million, supported by investors such as Woodstock and Double Peak.

Airdrops will be confirmed through Galxe activities and testnet tasks, with users completing bridging and interactions to increase eligibility. The total supply and distribution ratio have not been disclosed, with the TGE date set for October 15, 2025, and claims starting at TGE. Airdrop guide: https://cryptorank.io/drophunting/novastro-chain-activity311

Intuition ($TRUST) | Decentralized Identity Infrastructure

Intuition is a decentralized knowledge graph protocol and universal oracle, founded by William Luedtke from ConsenSys. The project has raised $6.35 million, led by Superscrypt, Joseph Lubin, and Andrew Keys.

It is reported that the TGE is scheduled for October 15, 2025, with a total supply of 1 billion $TRUST tokens, an initial circulation of 163.5 million tokens, and an expected FDV of $150 million, with airdrops accounting for 20% of the total supply, valued at $24.53 million. On the day of TGE, 50% of the tokens will be unlocked, with the remaining tokens unlocking linearly over 12 months, and the community predicts it may list on Binance Alpha.

Recall ($RECALL)

Recall is a decentralized intelligent platform that supports autonomous AI agents to store, share, and exchange knowledge on-chain, incentivizing open agent development through cryptoeconomic rewards and transparent competitions. The project has raised $42.5 million, supported by Multicoin Capital and Coinbase Ventures.

Recall will make its native token RECALL available to the public on major exchanges starting October 15, providing airdrop opportunities for selected early supporters. The issuance volume is 1 billion, with 200 million (20% of the total issuance) unlocking after issuance. The largest share (30%) will be allocated to the community and ecosystem. After 12 months of issuance, 27% of the issuance will unlock, with the remaining portion unlocking after 48 months.

Bluwhale ($BLUAI) | Smart Layer for Web3

Bluwhale is an AI-driven decentralized personalization protocol. Bluwhale has raised a total of $100 million, including seed/A round financing and a $75 million token purchase commitment, grants, and node sales revenue, with investors including SBI Investment, gumi Cryptos Capital, and NxGen, along with additional funding support from Arbitrum and Movement Labs.

The official announcement states that the total supply of the BLUAI token is 10 billion, with 6% allocated for airdrop rewards to the community, encouraging participation and network expansion, with TGE scheduled for October 21.

Meteora ($MET) | Decentralized Exchange

Meteora is a dynamic liquidity pool protocol based on Solana, supporting automated market makers and token trading through a centralized liquidity management mechanism (DLMM). The project's co-founders, Ben Chow and Meow, are also co-founders of Jupiter, and the project has received investments from Alliance, Delphi Digital, and others, with financial details undisclosed. It is reported that Meteora has currently achieved a TVL of over $780 million, generating fees of $1.51 billion.

The official confirmation states that the TGE will take place on October 23, with a total token supply of 1 billion. The TGE will unlock 48% of the tokens, with 3% of the TGE reserve allocated to Jupiter stakers in the form of liquidity position NFTs.

Planck Network ($PLANCK) | Decentralized AI Computing Network

Planck Network is a modular Layer 0 protocol. Public information shows that Planck Network secured a $200 million token investment commitment from Rollman Management in April this year; in June, it received strategic investments from Web3 pioneers Brock Pierce and Scott Walker through their venture capital firm DNA Fund.

The official announcement states that the TGE is scheduled for October 25, 2025, with the total supply undisclosed. The $PLANCK token is used for staking, governance, and rewards.

Limitless ($LMTS) | Social Prediction Protocol

Limitless is a decentralized prediction market platform based on the Base chain, currently achieving over $460 million in trading volume. The project has raised a total of $8 million, supported by institutions such as Coinbase Ventures, 1confirmation, and Maelstrom.

The official announcement states that the TGE will take place in October, with a total supply of 1.5 billion $LMTS tokens, an initial circulation of 50%, and the remaining 50% unlocking after 6 months. The FDV is expected to be between $75 million and $100 million. The airdrop is anticipated to account for 10-20% of the total supply, with points earned through product usage, providing liquidity, and referring friends.

It is worth mentioning that Limitless concluded its community sale on October 5, 2025, on the Kaito Capital Launchpad, with an original target allocation of $1 million attracting $200.96 million in subscriptions, oversubscribing by about 200 times. The sale sold 20 million $LMTS tokens (1.33% of the total supply) at a price of $0.05 per token, setting an FDV of $7.5 million, with priority allocation to Kaito community members.

Conclusion

The launch of tokens like ASTER/XPL in September has ignited market expectations for Q4 TGE projects, with institutions like CryptoRank and PitchBook predicting that this quarter will continue the bull market climax, led by projects such as Monad, Meteora, Limitless, Zama, and MegaETH.

To some extent, TGE can stimulate community engagement and tokenization innovation, especially breakthroughs in RWA securitization and cross-chain protocols. However, on the other hand, the post-TGE valuation surge accompanied by token unlocks has led some institutions to warn that this may result in significant selling pressure on retail investors, necessitating caution against the "VC token dilemma" and market volatility risks.

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