#区块链生态发展 The National Day holiday is a perfect window for new listings. Recently, TGE launches have been intensive, and STBL, 0G, and Aster have already demonstrated the wealth effect of new tokens. I’ve looked into several projects worth paying attention to recently.

**Momentum** has a solid fundamental—Sui ecosystem, backed by Coinbase and Circle. In Q3 alone, it generated over $7 million in trading fees, and TVL has reached $240 million. Participating in the HODL event now can earn an annualized return of 155% and double Bricks points. The process is simple—just provide liquidity to the designated pool. However, such annualized figures are usually short-term incentives, so it’s important to verify the event duration and actual returns before participating.

**Yield Basis** is even more noteworthy. A project by Michael Egorov, with funding valuation rising from $50 million to $200 million, backed strongly by the Curve community. The protocol addresses the real pain point of impermanent loss for BTC liquidity providers. The bonus from Kraken LaunchPad makes the sentiment premium obvious, but note—only 2.5% of the 250 million tokens are for sale, so the subsequent circulation pressure needs to be assessed.

**Canton Network** is a bit of a long shot. It has a strong financial background with TradeFi institutions involved (Goldman Sachs, J.P. Morgan), but the retail participation mechanism is still unclear. The trading platform partnered with Temple currently has limited information. On the other hand, SEND wallet’s airdrop activity has a relatively low threshold, but the official only distributes 30% of the earnings to users, so the expected returns might not be significant.

Overall, the logic is: Momentum and Yield Basis have higher participation levels and clearer mechanisms, while the Canton ecosystem is friendly to institutions but offers limited opportunities for retail investors. Before participating, it’s important to consider your holding period plan and risk tolerance.