Recently, I reviewed a batch of projects that only came into my view after TGE, and some are worth paying attention to.

**L2 and Modular Chains**: Monad, Zksync, and Scroll are all trying to break through in their respective tracks, along with newcomers like Caldera and Camp Network. Not to say who will win, but at least the ecosystem is expanding. I heard Mitosis and Soon are working on new consensus or execution layer innovations; I haven't fully caught up with the technical details, but the project directions show some ideas.

**Privacy and Security Protocols**: Nillion focuses on privacy computing, while Succinct and Doublezero are working on zero-knowledge related projects. These projects usually don't have high popularity, but the ecosystem is indeed investing in this direction.

**Cross-Chain and Infrastructure**: Orbiter Finance is building cross-chain bridges, Union is working on aggregation layers or similar, and Satlayer has some presence on the Bitcoin line.

**Application Ecosystem and On-Chain Tools**: Magic Newton, Xion, Sophon, Initia are innovating in specific directions within their respective ecosystems. Wayfinder, Boundless, Theoriq, Vultisig, Skate, Falcon Finance each have their own ideas. It's hard to say who the star projects are, but they are all active.

**Others**: Projects like Somnia leave a vague impression, but their names keep popping up.

The quality of these projects varies, and many may ultimately not make much noise. But this is the current state of the ecosystem—small and scattered, gradually filtered out through market forces.