According to DappRadar statistics, there are 1,838 Dapps on Ethereum, covering games, DEX, lending, quiz and other scenarios. In 2018, Fomo3D brought a large number of Dapps on the Ethereum ecosystem. As such bubbles fade, DeFi has become The most powerful "species" in Ethereum ecology.

According to Defipulse statistics, the current market value of ETH locked in DeFi on Ethereum is nearly 1 billion U.S. dollars, and this amount of funds has exceeded the circulating market value of HT.

Ethereum has become the largest DeFi platform, and supporting its huge market value is inseparable from Ethereum's complete infrastructure and continuous capital injection.

As early as April 2015, the Ethereum DEV Grants Team released a grants plan to support the development of infrastructure and projects based on Ethereum. The famous browser plug-in wallet MetaMask was awarded this plan in January 2016. funding.

In addition, Consensys is also the most important support organization for the Ethereum ecosystem. On the Consensys official website, you can see that three batches of plans have funded a total of 31 Ethereum ecosystem projects. Consensys Labs has also funded and incubated 44 Ethereum ecosystem projects. s project.

If the current public chain wants to take a share in this market, it is not only because of higher TPS, faster consensus efficiency, or a strong technical team. If there is no perfect ecology, it can only be a moon in the water. Whether the foundation and the team have sufficient funds and whether they pay enough attention to ecological construction are also important factors for the rise of the public chain.

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Tezos

Tezos can be regarded as a veteran public chain. It released a white paper as early as 2014, and raised 230 million US dollars through ICO in 2017.

Tezos has average domestic attention, but it is one of the most popular projects abroad, especially on Twitter. In 2019, it even outperformed Bitcoin in mainstream currency investment.

Although there are not many applications on Tezos yet, the foundation attaches great importance to the support of the entire ecology.

As mentioned in a Cointelegraph report in March this year, the Tezos Foundation has invested a total of 37 million US dollars in financial support to the ecosystem in the past six months, including education and core protocol research and development, ecosystem tools and applications, and community support. support.

It is worth mentioning that as of January 31 this year, the Tezos Foundation held more than $635 million in assets.

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Nervos

Nervos is a hard-core public chain focusing on PoW in China. It has a rare solid technical foundation and an innovative team in layered design and economic model.

Nervos raised $28 million in July 2018, and many well-known institutions such as Sequoia, Wanxiang, Jingwei, Polychain, and Multicoin participated in the investment. In October 2019, more than 72 million US dollars of fundraising was completed on Coinlist, with a total fundraising of 100 million US dollars.

After the Nervos mainnet, the Nervos Grants program was officially launched at the end of last year. The Nervos Foundation set up a $30 million public donation fund to fund developer teams developing infrastructure on CKB. As of May, 8 teams' projects have passed the review and obtained Grants.

For example, the pw-wallet that makes CKB available everywhere can make Bitcoin and Ethereum become brothers of CKB, and directly use their ecological infrastructure, resources and ecology are shared. Bitcoin SPV Utils can support CKB and Bitcoin cross-chain.

And just at the beginning of May, the Nervos Foundation took out another 5 million US dollars and launched the CKLabs plan. Simply put, you are responsible for developing applications and promotions, and I am responsible for providing start-up funds, whether it is DeFi, games or Oracle.

Grants + CKLabs, Nervos is going to stick to ecological construction.

Many communities do not understand these actions, and perhaps many people are concerned about not stimulating the secondary market. However, this is exactly what is necessary for the sustainable development of the project, and it is also a rigid need for the phased development of Nervos.

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Polkadot

Polkadot is the most concerned cross-chain project this year. It was founded by Dr. Gavin, the former CTO of Ethereum. It can be said to be a brother chain of Ethereum, another son of Gavin.

In October 2017, 480,000 Ethereum was melted, worth 144 million US dollars. However, in November, due to a programmer's mistake, 300,000 ETH was permanently locked (so how much money does Polkadot have? How much money does Gavin have? How much ETH?)

In 2019, Polkadot conducted another financing with an amount of more than 10 million U.S. dollars. At that time, there were many domestic cars, and the price was generally above 80 U.S. dollars. 5% of the total amount was sold, 500,000 DOTs.

A few days ago, Polkadot launched its main network CC1 in a low-key manner. The rumored Polkadot public offering has turned into another round of private placement. Bitcoin Suisse is the exclusive assisting party, with a minimum participation amount of 10,000 US dollars, and the deadline is the end of June.

Polkadot and its emphasis on ecological construction. According to the data released by the Web3 Foundation on the blog, there are currently 100 projects that have received Grants. Including finance, games, digital identity, privacy, social networks, as well as wallets, parachains, and second-tier extensions.

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Algorand

Algorand is a public chain based on random algorithms, proposed by Turing Award winner Professor Micali and his team, dedicated to solving the problem of "impossible triangle".

Algorand received a lot of attention in 2019 due to its innovative technical mechanism and Dutch auctions. However, as the price of ALGO plummeted, domestic investors' enthusiasm for it has declined significantly.

This year, the Algorand Foundation announced the launch of the "250 million ALGO token reward plan" to support the infrastructure and developer ecology on ALGO. Based on the current ALGO price, the funding plan is about 55 million US dollars.

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Public chain Red Sea, competing for ecology

Now the public chain has become an absolute red sea, and the hegemony of Ethereum is difficult to shake in a short time. Those public chains that advertise Ethereum have to pay a greater cost to build their ecology.

Without a strong community, strong funds and continuous ecological support, it is impossible to match Ethereum, and it is even impossible to attract developers.

Without a robust ecology, will it attract developers to invest time? Without early financial support, will developers build Dapps for free? It can only be said that it is difficult.

Based on publicly available information, I made this statistical table, and some data may not be accurate.

Judging from the amount of investment, except for Polkadot, the other three projects have little difference in the financial support for ecology, all of which are more than 30 million US dollars. However, Tezos and Nervos will directly fund the team in US dollars, while Algorand will fund ALGO tokens.

In terms of the number of projects, Polkadot supports the most, which also positively reflects the enthusiasm of the domestic Polkadot community. Relatively speaking, Nervos and Algorand still need to continue to find more developers and projects to participate in the ecology.

The public chain that will rise in the next stage must have a strong and prosperous ecology, strong funds behind it, a solid technical team, and a project with strong marketing capabilities.

Recently, there are quite a lot of investment opportunities. Many DeFi project tokens on Ethereum have achieved good gains in the first half of this year.

The oracle project BAND has increased by 4 times, the transformation of NMR into DeFi has increased by 3 times, the lending Aave has increased by 2.8 times, and Kyber has also increased by 2.4 times.

Is there such an opportunity on other public chains?

I believe that there are still many opportunities in this industry. The hype era of the public chain is over, and what welcomes us is the blooming of ecologically.

The game project RING on Polkadot has increased several times when it landed on Uniswap, and other ecological projects such as Acala and Phala are about to issue coins.

NervosDao has locked up 6 billion pieces, and can directly use the Ethereum infrastructure for its own use. It is a very fast way to build an ecology. The CKB land lease model, similar to the RAM of EOS back then, may also have investment opportunities.

Looking forward to the Grants project starting the next round of bull market.