In Uncommonlab Weekly Alpha, we summarize and share fresh crypto alpha and emerging project information every week.

• x402 is a payment protocol developed by Coinbase that enables instant stablecoin payments over HTTP.

• By leveraging the HTTP 402 standard, developers can integrate stablecoin payments with just a single line of code. Its simple structure — requiring no additional fees other than blockchain gas — has quickly attracted significant attention.

• Moreover, when combined with AI agents, x402 could allow autonomous agents to automatically find optimal products and complete stablecoin payments seamlessly.

• However, caution is advised, as some projects are prematurely launching tokens and selling them even before their x402-related protocols are properly functional.

[Comments] Coinbase’s introduction of x402, an open payment protocol that enables stablecoin payment integration with just one line of code, has received widespread positive feedback. Unlike traditional payment systems involving banks or card networks, x402 offers a simpler and borderless approach, allowing payments through stablecoins such as USDC on the blockchain. Coinbase also provides infrastructure for processing these stablecoin payments on its BASE chain, and because the system uses HTTP — the same standard used by Web2 payment platforms — integration is highly universal and scalable. Stablecoin-based payments are becoming an indispensable part of the future financial landscape, and while regulatory progress is still slow, it’s steadily moving forward. This is definitely an area worth keeping an eye on.

• MegaETH is an ultra-fast, EVM-compatible Layer 2 network targeting 100,000 TPS.

• The project is scheduled to launch its mainnet in Q4 2025 and is currently conducting its token sale on Sonar, the platform acquired by Coinbase from Echo.

• A total of 5% of the MEGA token supply is being sold through this public auction, where participants can bid within a valuation range of $1M to $1B.

• Currently, the PreMarket price of MEGA tokens is trading at a valuation around 4x higher than the auction’s maximum bid cap ($4B vs $1B), indicating extremely high competition for allocation.

[Comments] MegaETH is holding its public token sale on Sonar. Having already demonstrated strong technical capabilities and community traction, the upcoming mainnet launch and token performance are now crucial milestones. Although the MEGA token has not yet officially launched, PreMarket trading is available on platforms like Hyperliquid and Bybit, offering early price discovery. Based on PreMarket data, MEGA’s FDV remains above $4B, suggesting that even if participants secure allocation at the public sale’s $1B valuation cap, potential returns could reach up to 4x, which explains the strong interest and competition in the sale.

• OpenMind is developing an open-source, AI-native software stack designed for intelligent robotics.

• The project has raised $20M from leading investors including Pantera Capital, Coinbase Ventures, and DCG, and plans to launch OM1, a modular operating system that allows users to integrate AI models without deep technical expertise, along with the FABRIC Network, a data contribution network powering the machine economy.

• OpenMind has quickly become one of the most talked-about projects in the booming robotics sector, combining AI, robotics, and crypto into a unified vision that’s attracting significant attention.

• Currently, OpenMind is running Season 1 of its points program, has issued free NFTs on the BASE chain, and onboarded to Kaito Yapping, which strongly suggests a high likelihood of a future token launch.

[Comments] OpenMind is building an open-source AI software stack for intelligent robotics, centered around its flagship AI-native operating system, OM1. OM1 enables robots — whether humanoid, quadrupedal, or aerial — to perceive, reason, and act in real-world environments regardless of hardware design. In addition, OpenMind is developing FABRIC, a decentralized protocol for machine identity, collaboration, and trust built on blockchain, making it one of the most closely watched projects in the crypto-robotics space. By issuing free Identity NFTs on the BASE chain and rewarding participants through the FABRIC network’s points system, OpenMind appears well-positioned to launch its own token in the near future.

• Allora is a self-improving AI network that aggregates machine learning models to generate context-aware on-chain predictions.

• The project has raised $33.75M from leading investors including Polychain Capital and CMS Holdings, and is set to launch its mainnet and conduct its Token Generation Event (TGE) in November.

• ALLO tokens are already available for PreMarket trading on MEXC, and Allora has officially released its tokenomics and staking mechanisms.

• Eligible participants for the ALLO token airdrop include testnet contributors, community role holders, Forge participants, EVM points earners, and other key contributors.

[Comments] Allora had long teased its token launch, but after establishing its Foundation account, updates went quiet for several months. Now, with the official announcement of PreMarket trading for ALLO, the release of tokenomics and staking mechanisms, and the disclosure of airdrop eligibility details on its official Twitter, the community is confident that the token launch will finally happen in November. According to the published details, 20.05% of the total ALLO supply will be in circulation at launch, with 9.3% distributed via community airdrops with no vesting, which is higher than many expected. Factoring in Allora Prime staking rewards and network emissions, a significant portion of tokens will circulate early on. However, it’s worth noting that 57.9% of the total supply will be controlled by the team and its stakeholders — including 17.5% for the team, 31.05% for investors, and 9.35% for the foundation — which poses a notable centralization and supply risk.

• Following the announcement at the BaseCamp 2025 event that Base is considering launching its own native token, interest in the Base ecosystem has surged dramatically.

• The token launch now appears virtually confirmed, and it’s expected that the airdrop will target a wide range of community users — including those active on flagship Base dApps such as Zora, Virtual, and Farcaster — along with other ecosystem participants meeting various criteria.

• Recently, Base introduced BaseApp, a super app for the Base ecosystem that evolved from the Coinbase Wallet rebrand. BaseApp integrates wallet, social, payments, trading, and mini-app functionalities into one all-in-one experience.

• Given that the Base chain is effectively Coinbase’s onchain ecosystem and the probability of a native token launch has grown significantly, many users are actively using BaseApp in anticipation of a potential airdrop.

[Comments] BaseApp can be seen as an all-in-one hub for interacting with every major dApp within the BASE chain ecosystem. It supports almost all onchain activities related to Base, and given the hints dropped during the BaseCamp event — where the Base token launch was all but confirmed — frequent and consistent usage of BaseApp could make users eligible for the airdrop. Therefore, it’s recommended to use BaseApp as often as possible and build onchain activity records within the Base ecosystem to increase potential eligibility.

• MetaMask, the most widely used Web3 wallet, has launched a points-based rewards program with a total reward pool of $300,000.

• Users can earn points through activities such as token swaps, futures trading, referrals, and even based on past wallet activity.

• As users accumulate points, they level up — and those who reach the highest level (Level 7) will receive a free MetaMask Metal Card valid for one year, along with all rewards from the previous levels.

• ConsenSys CEO Joe Lubin has publicly stated that a MetaMask token launch is on the way, and since the claim-related domain has already been registered, many expect that a token airdrop will be distributed based on this points program.

[Comments] MetaMask has officially rolled out its points reward program. Users can earn points by generating trading volume through MetaMask, and this points system is expected to play a key role in the upcoming MetaMask token airdrop. The program is structured into multiple seasons, and appears to be ongoing for the foreseeable future. Notably, users who accumulate over 1,000 points will receive Linea tokens proportional to their total points — effectively giving users a partial rebate on their activity. While the duration of the points program is still unknown, consistent participation will likely be necessary for those hoping to qualify for the MetaMask token airdrop.

• In the perpetual DEX (PerpDEX) sector, platforms like Hyperliquid and Aster have seen their token prices surge by several multiples after launch.

• As a result, investor interest has grown around PerpDEX platforms that have not yet released tokens, intensifying competition within the sector.

• While Korean discussions and articles often highlight Lighter and EdgeX, ParaDEX receives comparatively little attention despite showing solid performance metrics.

• According to data based on Open Interest (OI) and Market Cap ratios, ParaDEX currently ranks 4th among PerpDEXs that haven’t launched a token yet, demonstrating strong fundamentals. However, given the lack of awareness and coverage in the Korean market, it appears to be undervalued relative to its peers.

[Comments] Following the success stories of Hyperliquid and Aster, many Korean traders profited significantly, which has fueled rising demand for unlaunched PerpDEX projects. Among them, Lighter and EdgeX are frequently discussed in the community, as they rank within the top 3–4 by OI-to-MarketCap ratio — a sign of strong market traction. In contrast, ParaDEX, despite being among the top-performing unlaunched PerpDEX platforms globally, remains largely under the radar in Korea, likely due to its predominantly international user base. This suggests that once ParaDEX expands its presence in the Korean market, it could show significant upside potential and currently stands as one of the most undervalued PerpDEX projects relative to its performance metrics.

• This content is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any specific asset. Cryptocurrency and digital asset investments involve high risk, so please conduct your own research and make decisions carefully.

• All research comments reflect the views of UncommonLab research interns and do not represent financial or legal advice, nor do they encourage trading or investment in any specific asset.

In Uncommonlab Weekly Alpha, we summarize and share fresh crypto alpha and emerging project information every week.

• x402 is a payment protocol developed by Coinbase that enables instant stablecoin payments over HTTP.

• By leveraging the HTTP 402 standard, developers can integrate stablecoin payments with just a single line of code. Its simple structure — requiring no additional fees other than blockchain gas — has quickly attracted significant attention.

• Moreover, when combined with AI agents, x402 could allow autonomous agents to automatically find optimal products and complete stablecoin payments seamlessly.

• However, caution is advised, as some projects are prematurely launching tokens and selling them even before their x402-related protocols are properly functional.

[Comments] Coinbase’s introduction of x402, an open payment protocol that enables stablecoin payment integration with just one line of code, has received widespread positive feedback. Unlike traditional payment systems involving banks or card networks, x402 offers a simpler and borderless approach, allowing payments through stablecoins such as USDC on the blockchain. Coinbase also provides infrastructure for processing these stablecoin payments on its BASE chain, and because the system uses HTTP — the same standard used by Web2 payment platforms — integration is highly universal and scalable. Stablecoin-based payments are becoming an indispensable part of the future financial landscape, and while regulatory progress is still slow, it’s steadily moving forward. This is definitely an area worth keeping an eye on.

• MegaETH is an ultra-fast, EVM-compatible Layer 2 network targeting 100,000 TPS.

• The project is scheduled to launch its mainnet in Q4 2025 and is currently conducting its token sale on Sonar, the platform acquired by Coinbase from Echo.

• A total of 5% of the MEGA token supply is being sold through this public auction, where participants can bid within a valuation range of $1M to $1B.

• Currently, the PreMarket price of MEGA tokens is trading at a valuation around 4x higher than the auction’s maximum bid cap ($4B vs $1B), indicating extremely high competition for allocation.

[Comments] MegaETH is holding its public token sale on Sonar. Having already demonstrated strong technical capabilities and community traction, the upcoming mainnet launch and token performance are now crucial milestones. Although the MEGA token has not yet officially launched, PreMarket trading is available on platforms like Hyperliquid and Bybit, offering early price discovery. Based on PreMarket data, MEGA’s FDV remains above $4B, suggesting that even if participants secure allocation at the public sale’s $1B valuation cap, potential returns could reach up to 4x, which explains the strong interest and competition in the sale.

• OpenMind is developing an open-source, AI-native software stack designed for intelligent robotics.

• The project has raised $20M from leading investors including Pantera Capital, Coinbase Ventures, and DCG, and plans to launch OM1, a modular operating system that allows users to integrate AI models without deep technical expertise, along with the FABRIC Network, a data contribution network powering the machine economy.

• OpenMind has quickly become one of the most talked-about projects in the booming robotics sector, combining AI, robotics, and crypto into a unified vision that’s attracting significant attention.

• Currently, OpenMind is running Season 1 of its points program, has issued free NFTs on the BASE chain, and onboarded to Kaito Yapping, which strongly suggests a high likelihood of a future token launch.

[Comments] OpenMind is building an open-source AI software stack for intelligent robotics, centered around its flagship AI-native operating system, OM1. OM1 enables robots — whether humanoid, quadrupedal, or aerial — to perceive, reason, and act in real-world environments regardless of hardware design. In addition, OpenMind is developing FABRIC, a decentralized protocol for machine identity, collaboration, and trust built on blockchain, making it one of the most closely watched projects in the crypto-robotics space. By issuing free Identity NFTs on the BASE chain and rewarding participants through the FABRIC network’s points system, OpenMind appears well-positioned to launch its own token in the near future.

• Allora is a self-improving AI network that aggregates machine learning models to generate context-aware on-chain predictions.

• The project has raised $33.75M from leading investors including Polychain Capital and CMS Holdings, and is set to launch its mainnet and conduct its Token Generation Event (TGE) in November.

• ALLO tokens are already available for PreMarket trading on MEXC, and Allora has officially released its tokenomics and staking mechanisms.

• Eligible participants for the ALLO token airdrop include testnet contributors, community role holders, Forge participants, EVM points earners, and other key contributors.

[Comments] Allora had long teased its token launch, but after establishing its Foundation account, updates went quiet for several months. Now, with the official announcement of PreMarket trading for ALLO, the release of tokenomics and staking mechanisms, and the disclosure of airdrop eligibility details on its official Twitter, the community is confident that the token launch will finally happen in November. According to the published details, 20.05% of the total ALLO supply will be in circulation at launch, with 9.3% distributed via community airdrops with no vesting, which is higher than many expected. Factoring in Allora Prime staking rewards and network emissions, a significant portion of tokens will circulate early on. However, it’s worth noting that 57.9% of the total supply will be controlled by the team and its stakeholders — including 17.5% for the team, 31.05% for investors, and 9.35% for the foundation — which poses a notable centralization and supply risk.

• Following the announcement at the BaseCamp 2025 event that Base is considering launching its own native token, interest in the Base ecosystem has surged dramatically.

• The token launch now appears virtually confirmed, and it’s expected that the airdrop will target a wide range of community users — including those active on flagship Base dApps such as Zora, Virtual, and Farcaster — along with other ecosystem participants meeting various criteria.

• Recently, Base introduced BaseApp, a super app for the Base ecosystem that evolved from the Coinbase Wallet rebrand. BaseApp integrates wallet, social, payments, trading, and mini-app functionalities into one all-in-one experience.

• Given that the Base chain is effectively Coinbase’s onchain ecosystem and the probability of a native token launch has grown significantly, many users are actively using BaseApp in anticipation of a potential airdrop.

[Comments] BaseApp can be seen as an all-in-one hub for interacting with every major dApp within the BASE chain ecosystem. It supports almost all onchain activities related to Base, and given the hints dropped during the BaseCamp event — where the Base token launch was all but confirmed — frequent and consistent usage of BaseApp could make users eligible for the airdrop. Therefore, it’s recommended to use BaseApp as often as possible and build onchain activity records within the Base ecosystem to increase potential eligibility.

• MetaMask, the most widely used Web3 wallet, has launched a points-based rewards program with a total reward pool of $300,000.

• Users can earn points through activities such as token swaps, futures trading, referrals, and even based on past wallet activity.

• As users accumulate points, they level up — and those who reach the highest level (Level 7) will receive a free MetaMask Metal Card valid for one year, along with all rewards from the previous levels.

• ConsenSys CEO Joe Lubin has publicly stated that a MetaMask token launch is on the way, and since the claim-related domain has already been registered, many expect that a token airdrop will be distributed based on this points program.

[Comments] MetaMask has officially rolled out its points reward program. Users can earn points by generating trading volume through MetaMask, and this points system is expected to play a key role in the upcoming MetaMask token airdrop. The program is structured into multiple seasons, and appears to be ongoing for the foreseeable future. Notably, users who accumulate over 1,000 points will receive Linea tokens proportional to their total points — effectively giving users a partial rebate on their activity. While the duration of the points program is still unknown, consistent participation will likely be necessary for those hoping to qualify for the MetaMask token airdrop.

• In the perpetual DEX (PerpDEX) sector, platforms like Hyperliquid and Aster have seen their token prices surge by several multiples after launch.

• As a result, investor interest has grown around PerpDEX platforms that have not yet released tokens, intensifying competition within the sector.

• While Korean discussions and articles often highlight Lighter and EdgeX, ParaDEX receives comparatively little attention despite showing solid performance metrics.

• According to data based on Open Interest (OI) and Market Cap ratios, ParaDEX currently ranks 4th among PerpDEXs that haven’t launched a token yet, demonstrating strong fundamentals. However, given the lack of awareness and coverage in the Korean market, it appears to be undervalued relative to its peers.

[Comments] Following the success stories of Hyperliquid and Aster, many Korean traders profited significantly, which has fueled rising demand for unlaunched PerpDEX projects. Among them, Lighter and EdgeX are frequently discussed in the community, as they rank within the top 3–4 by OI-to-MarketCap ratio — a sign of strong market traction. In contrast, ParaDEX, despite being among the top-performing unlaunched PerpDEX platforms globally, remains largely under the radar in Korea, likely due to its predominantly international user base. This suggests that once ParaDEX expands its presence in the Korean market, it could show significant upside potential and currently stands as one of the most undervalued PerpDEX projects relative to its performance metrics.

• This content is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any specific asset. Cryptocurrency and digital asset investments involve high risk, so please conduct your own research and make decisions carefully.

• All research comments reflect the views of UncommonLab research interns and do not represent financial or legal advice, nor do they encourage trading or investment in any specific asset.