This week is definitely the busiest week for mega projects this year. Tether's Plasma (XPL) is about to go live, DWF's Falcon Finance fundraising is also about to end. It is said that the OTC market saw prices go up to $120 per account through limit KYC validation. Kraken is also launching a new project by the founder of Curve. The wealth effect of new coins is quite significant, led by STBL and 0G.

So besides these, what other fundraising opportunities are there in the market? BlockBeats has compiled a list of several other recently highly anticipated projects.

Upheaval

Upheaval is a decentralized exchange platform built on HyperEVM. It previously airdropped the Memecoin to users before its TGE as a mimic of Hyperliquid and issued PUP. Its spot trading volume on Hyperliquid even exceeded the volume of Purr issued by Hyperliquid at one point. The platform currently has five main functions covering everything from token launches to the user fund treasury.

First is JumpPad, which is positioned as a role as a new token and community incubator based on UIP-3. It aims to provide another entry point for project launches on Hyperliquid due to the difficulties presented by the auction mechanism. Although Hypurrfun had previously developed similar functional needs, Upheaval takes it a step further by building an aggregator function that allows transactions to be efficiently routed within the platform. It also includes a fiat gateway, and mimics Hyperliquid's mechanism through the veUPHL and veUP governance mechanisms, establishing long-term relationships between users and the platform through staking and governance binding, strengthening supply-demand balance, and expanding liquidity.

This relatively complete architecture allows Upheaval to serve as both a launchpad for new projects and a hub for funds and trades, giving a Pumpfun+Moonshot feel reminiscent of Hyperliquid's model.

Upheaval is also the first project on Hypeliuquid's all-channel trading platform Based to launch the Launchpad. As it is the first time going live, there are no historical records to refer to, but its investor, Ethena, has provided a certain level of endorsement for its expectations.

The current presale is still ongoing, starting from September 22 at 4:00 UTC and running until September 25 at 4:00 UTC. However, the public sale has already been oversubscribed by over 870%. The interesting part of this presale mechanism is that apart from being divided into public sale and white-listed segments for long-term Based supporters and PuP holders.

Actually, before the oversubscription, the price also varied based on a similar "Bonding Curve" from the initial $0.01 to $0.036, and after reaching the fundraising goal of 13.5K WHYPE, the presale is conducted at a price of $0.036. The oversubscribed part will be distributed Upheaval tokens based on the proportion of individual contributions to the total contributions, with excess funds being refunded. This means that the more people and funds participate, the less impact the price difference caused by the previous "Bonding Curve" will have.

Upheaval This time, the TGE token accounts for 4% of the total supply of 1 billion, with an FDV of $33 million and an initial circulation of 26%. However, whether the subsequent market value can increase will depend on whether the Upheaval trading volume growth can be sustained and whether the "Jumppad" under the UIP-3 mechanism can truly have a driving effect on the entire Memecoin ecosystem.

Yield Basis

Yield Basis is a Bitcoin-native yield protocol introduced by Curve founder Michael Egorov, which raised $5 million in funding at a valuation of $50 million earlier this year.

Yield Basis uses an automatic re-leveraging mechanism to provide transaction fee income to BTC liquidity providers while hedging against impermanent loss caused by AMM curvature risk. LPs can choose to directly receive BTC-denominated fees or forego fees in exchange for YB token incentives. Locked veYB can participate in governance and share protocol fees.

After a day's delay, Kraken announced its partnership with Legoin to select Yield Basis as the launch project for the LaunchPad. Due to Legion's "Legion Score" system, quotas will be allocated based on on-chain behavior, social media activity, and developer contributions, allowing the project team to filter out a large number of alt accounts to ensure that true builders and core users have priority access to the subscription quota. Combined with Kraken's listing effect, the market is paying close attention to this collaboration.

The presale model currently known is divided into two stages. Initially, 20% of the tokens is reserved for subscription by high-scoring Legion users, while the remaining 80% of the quota is sold openly in a FCFS mode on both Kraken and Legion. $YB will be listed on Kraken immediately after the sale ends. The token's total supply is 1 billion, with liquidity mining incentives at 30%, team allocation at 25%, ecosystem reserves at 15%, investor allocation at 12.1%, 7.5% allocated to Curve protocol licensing fees, 7.4% as developer reserves, and 3% for Curve governance incentives.

Although the early-year fundraising valuation was only $50 million, considering the support from the Curve community (Curve DAO has passed a proposal to provide crvUSD credit support for YB) and Egorov's influence, the market expects the FDV of YB at the time of listing to reach a scale of several hundred million dollars, significantly higher than the internal fundraising valuation. For more specific presale information, including the TGE rhythm and sale pricing for each allocation, we can only wait quietly until the public application in 8 days to learn more.

Tea

Tea is a decentralized open-source platform that fairly rewards developers for their contributions to the entire ecosystem. Founded by former Apple employee Max Howell, a supporter of the "open-source movement," he previously created open-source projects such as HomeBrew and PromiseKit in Web2. These plugins were used by major companies like Google and McDonald's without actually receiving any rewards. Therefore, he wanted to establish a sustainable open-source ecosystem-driven Layer2.

Prior to this, Tea raised a total of $16.9 million in funding from VCs such as Yzi Labs and Acuitas Group Holdings in the Preseed and Seed rounds.

Tea has chosen the well-established IDO platform Coinlist for its presale, which will start on September 25 at 17:00 UTC with a $50 million FDV sale of 40 billion $TEA ($0.0005/$TEA). Coinlist will distribute the tokens in a "bottom-up" manner after the purchase window closes (meaning those who contribute less will be allocated earlier, while those who contribute more will be allocated later or may not be allocated at all).

Although 100% of the tokens will unlock during this TGE, many users who participated in the testnet did not receive the promised airdrop, leading to some community backlash. This action has also raised suspicions within the community that the team may have a "potential scam" inclination.

Limitless

Limitless is a decentralized prediction market application on the Base blockchain, where users can create and trade prediction contracts on any topic, similar to Polymarket, to bet on real-world or crypto events.

Since its launch in 2024, Limitless has accumulated a total trading volume exceeding $270 million, although it has previously been embroiled in public opinion regarding "volume padding." However, the project completed two rounds of funding totaling $7 million in 2024-2025, with endorsements from notable institutions such as Coinbase Ventures and 1confirmation. In July, they even brought on board former BitMEX co-founder Arthur Hayes as an advisor.

Kaito recently launched the "Capital Launchpad" feature for project token presales. Despite the market's backlash due to the excessive promotion by the Yap Army on social media, which led to community resistance against "Kaito," the launchpad still managed to onboard projects like Boundless, Rise, and Theoriq, which have received good endorsements.

According to the project team's announcement, the Limitless token presale is set to start on September 25th. As a gesture of appreciation to early supporters, Limitless had previously initiated a Points Program, where users can earn points through trading, providing liquidity, and more, with the opportunity to receive airdropped rewards post TGE.

Currently, Kaito's team has not disclosed specific subscription thresholds and limits. However, following convention, the sale may allow users to freely subscribe with oversubscriptions being proportionally allocated. Participants may be required to complete platform tasks to qualify for the whitelist and undergo Kaito's KYC verification to participate. Despite the recent hype in the prediction market, whether it is worth participating remains subject to further fundraising details.

Goated

Goated is a rapidly growing decentralized gaming platform in the Solana ecosystem. Since its launch in June 2024, Goated has processed over $1 billion in total betting volume, has 12,000+ monthly active users, and has generated over $2 million in net gaming revenue. The previous angel round received support from Polygon and Sentient founder SanDeep, Scimitar Capital founder Thiccy, and some former FTX team members.

Goated's choice of launcher, Metaplex, has achieved considerable success with projects launched after the introduction of the Solana on-chain token issuance protocol named Metaplex Genesis this year. The previously hyped $CARDS surged after a correction, reaching a peak market capitalization of $800 million. Participants in the presale received nearly 20x returns, and later projects with impressive funding lineups like Portals were also launched.

Goated is conducting a token presale through Genesis, considered the largest GambleFi track token issuance in the 2025 Solana ecosystem. Such products often have sufficient cash flow income and do not require creating new tokens.

This presale follows a fixed-price public sale model. The presale will open on September 25 at 16:00 UTC, with the first 2 hours reserved for the community allowlist session, followed by open participation to the public. In this round, 10 million $GOATED tokens will be issued (1% of total supply) at a price of 0.0004 SOL per token. The fundraising cap is set at 4000 SOL (approximately $880,000), and subscriptions will stop once the cap is reached.

The whitelist eligibility is open to existing Goated users, requiring registration on the platform and linking a Solana wallet, depositing and wagering at least $1000, and completing the specified Twitter follow and retweet tasks to receive whitelist status. However, the snapshot has already concluded, so users who did not participate in the project earlier will have to wait for the public sale round.

Based on the presale price, the initial fully diluted valuation of the $GOATED token is approximately 400,000 SOL (around 88 million USD). Given Goated's stable cash flow and user base, the market expects its trading valuation to be significantly higher than the fundraising amount, with the initial circulating market cap potentially reaching tens of millions of dollars.

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