On May 31, the decentralized derivatives protocol GMX tweeted that it will launch the second round of funding, and projects can start applying from June 3. The total amount is about 600,000 ARB, and the upper limit of a single grant is 75,000 ARB. This round of funding is intended to support builders who contribute to the further application of Arbitrum by building on and integrating with GMXV2. In addition, projects that have received STIP-Bridge grants, LTIPP grants, or the first round of grants from the GMX funding program will not be eligible to apply for the second round of grants.

According to ChainCatcher, according to a study published by Web3 asset data platform RootData on the X platform, it counted 33 projects that may conduct TGE in the next quarter in a total of 7 popular sectors, including re-staking, Layer2, RWA, and Depin. The total financing of these projects is US$1.06 billion, and the total valuation is US$8.47 billion. In addition, according to public data statistics, among the projects launched on Binance in the past year, MEME projects were the most frequently launched with 5 launches. Next is cross-chain, Layer2, re-staking, NFT, games and artificial intelligence sectors, each with 3 launch records. As the market enters the second half of the year, the expected interest rate cut will intensify market competition, and project parties and exchanges are making necessary strategic adjustments. Teams and investors of high FDV projects may pay special attention to whether the project can be successfully launched on large exchanges.