The crypto market is heating up again, fueled by massive airdrop stories worth hundreds or even thousands of dollars. Projects like Aster, which rewarded early users with an average of $100–$300 in its Season 1 airdrop, or XPL, where some participants turned $1 into $10,000, have reignited the hunt for the next big opportunity.
So, which project will follow in the footsteps of Aster or Plasma next?
Below is a curated list of the most anticipated projects likely to launch tokens (TGE) or run major airdrops in Q4 2025.
1. Projects Confirmed to Issue a Token
1.1 Monad
Monad is a Layer-1 blockchain built around Parallel Execution—processing many transactions concurrently to hit high speed and low cost. With $244 million raised from top-tier funds like Paradigm, Dragonfly Capital, and OKX Ventures, its backing is substantial.
The Monad testnet went live on February 19, 2025, enabling users not only to test dApps but also to hunt for airdrops from both Monad and its ecosystem. Adoption has been impressive: over 379 million wallets have interacted—of which wallets with 1–5 transactions make up 262 million—indicating a massive influx of new users. Daily active wallets remain stable between 1.25 to 1.5 million, demonstrating stickiness and ecosystem vitality.
The token MON is already trading in pre-market on MEXC at around $0.94 with a total supply of 10 billion—a solid signal that its TGE is approaching.
If you’ve participated in Monad’s earlier airdrop phases, now is the time to double down on activity across its ecosystem.
1.2 Rainbow
Rainbow is a crypto wallet designed for mainstream users—user experience is at its core. Unlike some wallets that are complex and developer-oriented, Rainbow emphasizes simplicity, NFT support, and seamless access to Ethereum’s Layer-2 networks. The project has raised $19.5 million from backers including Y Combinator, Digital Currency Group, and Seven Seven Six.
Rainbow has officially confirmed that it will launch a token $RNBW in Q4 2025—an announcement made directly by the project team on Twitter. They plan to distribute the token via users’ “Points,” earned through actions like transacting, bridging, inviting friends, and so on.
1.3 Limitless
Limitless is a decentralized prediction market built on Base (Layer 2), allowing users to bet on real-world events—pop culture, politics, crypto, sports, news, etc. The project raised $7 million from notable backers such as Coinbase Ventures, 1confirmation, and Maelstrom.
Interest has been red hot: Limitless is the first prediction market to announce a token launch, and deposits into its public sale of $LMNT on Kaito have already exceeded 100× its original $1 million target.
1.4 Yield Basis
Yield Basis is led by Michael Egorov, the founder of Curve Finance, and is focused on safely bringing Bitcoin into DeFi. It builds specialized liquidity pools for wrapped BTC that protect liquidity providers from impermanent loss. Instead of suffering losses when volatility hits, users still earn stable fees and avoid losing “real BTC” over time like in conventional pools.
The YB token will be launched via a launchpad on Kraken. The timeline is precise: registration opens on September 29, public sale begins October 1, and the token is expected to be listed sometime in October 2025. Meanwhile, $YB is already trading in premarket on MEXC at ≈$0.95.
2.Projects Likely to Launch Tokens Soon
2.1 MetaMask
MetaMask currently dominates the crypto wallet space with 30+ million monthly active users—a scale unmatched by any competitor. Recently, the CEO of ConsenSys (MetaMask’s parent) confirmed plans to issue a token MASK. MetaMask also introduced “Ways to Earn,” its first on-chain rewards program, marking a shift away from traditional farming systems. Season 1 will distribute $30M+ in rewards (LINEA tokens, referral bonuses, mUSD incentives, early access to META tokens, plus special perks for OG users).
According to DeFiLlama, MetaMask’s annual revenue currently sits in the $58–64 million range (mainly via swap & aggregator fees). With new revenue streams like bridging and integrations, it could climb to $100–120 million.
Though MASK has not been formally launched yet, the market is wildly speculative about its potential valuation. For crypto wallet tokens, FDV/Revenue multiples typically range 50× to 200×, depending on growth and ecosystem potential. Given MetaMask’s global reach, 30M+ users, and strong brand as the default non-custodial on-chain access tool, a baseline valuation of $5 to $10 billion seems plausible—higher if it integrates revenue sharing or staking. By comparison, Trust Wallet’s FDV is ~$1.32B, despite lower usage and revenue. If MASK airdrop happens, it could become one of the most valuable in crypto history.
2.2 Polymarket
Polymarket is another decentralized prediction market—one of the largest—built on Polygon. Its appeal is backed by $74M in funding, with Series B led by Founders Fund and contributions from DragonFly, ParaFi, 1confirmation, and even Vitalik Buterin.
The clearest sign it’s about to launch a token lies in its SEC filings, which reference “warrants”—suggesting investors hold rights to future token allocations. Moreover, the CFTC recently greenlit Polymarket, removing a major legal hurdle for issuing a token in the U.S. Given that approval and massive trading volume (especially during election seasons), token launch seems imminent.
How to farm Polymarket airdrop:
- Connect your wallet to Polymarket and deposit USDC via Polygon.
- Pick events you understand and place bets—“Yes” if you believe it will happen, or “No” if not.
- The more frequent and higher volume your participation, the higher your airdrop chances.
2.3 Lighter
Lighter is more than a decentralized perpetual DEX—it also operates its own blockchain, effectively acting as an Ethereum Layer 2. Built with zero-knowledge proofs (ZK), it balances privacy and public verifiability—something many DEXs struggle with.
What has the community buzzing is its Point Farm airdrop, currently rumored to be trading OTC over $30. Backed by a16z and Lightspeed Venture, many believe Lighter could replicate the success story of Hyperliquid’s massive early user airdrop. The project has announced it will soon close the Private Beta, signaling that its TGE may be set for year-end.
How to farm Lighter’s airdrop:
- Go to Lighter and connect your wallet to activate your account.
- Depending on your risk appetite, deposit funds (minimum $5) via Ethereum, Base, or Arbitrum.
- Trade regularly with meaningful volume—avoid wash trading (constant buy/sell loops).
2.4 OpenSea
OpenSea still commands 60%+ of the NFT marketplace share, with 4,000–6,000 daily active wallets transacting—proof of its dominance. With over $425M in funding from maverick funds like a16z, Paradigm, and Founders Fund, it has once been valued at $13.3B during its Series C round.
The hype? Rumors of a Pre-TGE campaign and an XP Rewards program for active users. Leaked internal docs suggest XP points are recorded on-chain and may convert into tokens at TGE. This aligns with OpenSea accelerating development on OpenSea Studio, Seaport 2.0, and a new Creator Royalty system—indicating a shift toward a token-driven economy. If the token does launch, it could be used for fee discounts, rewards to creators, governance (DAO), and more—similar to what Blur did with $BLUR. Given its scale and revenue, it has potential to host one of the biggest NFT-sector TGEs ever.
How to farm OpenSea airdrop:
- Go to OpenSea.io, connect your MetaMask wallet.
- Trade NFTs daily to accumulate points and upgrade reward chests.
- Every opened chest gives XP—these points may convert into tokens at TGE.
3.Final Thoughts
Q4/2025 is shaping up to be the most explosive quarter of this cycle. A wave of projects—from infrastructure blockchains like Monad, wallets like Rainbow and MetaMask, to utility platforms like Limitless and OpenSea—are either entering their TGE or ramping up airdrop mechanics.
What ties them together? Each already has a committed user base, functional products, and clear strategies to share on-chain value—not just run hype-driven token launches. This shift suggests maturation: tokens evolving from pure speculation into functional instruments powering ecosystems and governance.
If Q4/2025 truly becomes a season of TGE firepower, it won’t just be “airdrops for users”—it will mark a turning point for the crypto markets at large, where capital, users, and real value coalesce again.
Disclaimer: This content does not constitute investment, tax, legal, financial, or accounting advice. MEXC provides this information for educational purposes only. Always DYOR, understand the risks, and invest responsibly
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