Another Hot New Narrative, DeSci: The New Track of Web3 and Science | TrendX Research Institute

As of November 24th, the TrendX platform's data statistics for BTC, ETH, and TON are as follows:

The number of discussions about BTC last week was 19.39K, an increase of 10.69% from the previous week; the price last Sunday was $98,432, a 7% increase from the previous Sunday.

The number of discussions about ETH last week was 4.7K, an increase of 13.89% from the previous week; the price last Sunday was $3,489, an 11.3% increase from the previous Sunday.

The number of discussions about TON last week was 782, an increase of 3.44% from the previous week; the price last Sunday was $5.52, an 11.5% increase from the previous Sunday.

Binance founder CZ and Ethereum founder Vitalik appeared together at the decentralized science project Bio Protocol's gathering, expressing support for DeSci. CZ even stated that he hopes to see 1000 DeSci projects next year, hoping to narrow the gap between Web3 and the scientific community. Related concept meme coins RIF and URO also saw a more than 20-fold increase in just two days, as DeSci, as another hot new narrative, begins to attract attention from the market and capital.

What is DeSci?

DeSci is a scientific research model based on blockchain technology and the Web3 ecosystem. Its core idea is to enable global open access to research data through distributed storage technology, reducing the control of data by a single government or institution. This open model liberates science from traditional closed-door practices, allowing global researchers to share resources and data in an unobstructed environment. In addition, DeSci also optimizes research funding mechanisms through smart contracts and decentralized autonomous organizations (DAOs), ensuring more transparent allocation and use of funds, and reducing the cumbersome operations of intermediaries. This new model not only changes the structure of research funding sources but also fundamentally improves the efficiency of fund utilization.

Andrew Kang, partner at Mechanism Capital, stated that the DeSci field now feels like the DeFi era in early 2019. Everything is still very primitive and experimental, but a basic conclusion can be drawn, which is that it has tremendous potential. And the potential of DeSci has already begun to emerge through practical cases.

The 20-fold Increase of DeSci Meme Twin Stars

The meme coin market has been soaring, especially in the DeSci field, where the two meme coins RIF and URO achieved astonishing growth in a very short time. They both originate from the Pump.science platform, symbolizing rifampicin (RIF) and urokinase (URO).

Pump.science was launched by Molecule DAO at this year's Solana Breakpoint conference to fund medical research by issuing meme coins, allowing users to purchase meme tokens representing different drugs and participate in drug effect prediction and experimental data trading. When RIF and URO were first launched, their market values were relatively stable at around $150,000, but recently their performance has been exceptional, with their market values soaring to nearly $3 million, achieving a 20-fold increase.

The heat in the DeSci field has been reignited, closely related to the active promotion by cryptocurrency industry leaders such as CZ and Vitalik. Moreover, it is foreseeable that there will be a relaxation of technology and scientific research after Trump's victory in the US presidential election, which is one of the reasons why the concept of DeSci has become hot at this time.

What are the Potential Projects of the New Narrative?

Molecule

Founded in 2021, Molecule is an Ethereum-based research funding platform dedicated to providing funding (mainly in USDC) for cutting-edge research such as drug development through the trading of NFTs for intellectual property. The platform is known for its initial projects, including research on molecular aging at Newcastle University and longevity projects at the University of Copenhagen. Through the Molecule platform, researchers can not only obtain diversified funding from around the world but also ensure the independence and transparency of research through a distributed governance mechanism.

https://app.trendx.tech/project/Molecule/49a63560

VITA

VitaDAO, founded in 2021, is the most orthodox DeSci project. It is a decentralized organization focused on life sciences incubated by Molecule, dedicated to funding early longevity research. It has attracted widespread attention, including from traditional pharmaceutical giant Pfizer, through community fundraising, raising over $5 million. Since Vitalik showcased the first product VD 001 developed by VitaDAO to CZ in Bangkok, VITA has entered a frenzy mode, with a maximum intraday increase of 82.4%, and the latest price is $3.12, with a market value exceeding $80 million, nearly tripling in the past week.

https://app.trendx.tech/project/VitaDAO/62f4150b

BIO Protocol

On August 9th, BIO Protocol launched the first round of Bio Genesis token sales, with an average price of $0.025, and a trading volume of $11.51 million. The second round of token sales took place on September 30th, with an average price of $0.043, a 72% increase, and a trading volume of $19.49 million.

On November 8th, Binance completed a strategic financing for BIO Protocol, with undisclosed rounds and amounts. Thanks to Binance's investment, the BIO Genesis community fundraising activity quickly reached its limit, raising a total of $33 million. By the second round of public auction on November 10th, the BIO price had risen to $0.066, a 264% increase from the first round. Currently, the auction rounds for BIO Protocol have ended.

https://app.trendx.tech/project/BIO%20Protocol/26d44cf8

Data Lake

Data Lake is a blockchain-based medical data sharing platform that allows patients to anonymously donate data for scientific research and share research profits with patients through a token incentive mechanism. This model not only protects privacy but also accelerates data-intensive research, making breakthroughs in the medical field possible.

https://app.trendx.tech/project/Data%20Lake/1155b2b9

Research Hub

Research Hub is a project founded by Brian Armstrong, the founder of Coinbase, and also has a cooperative relationship with BIO Protocol. RSC is the native token of the Research Hub platform, mainly used to reward users who publish high-quality content on the platform. Whenever users publish or receive likes for this content, they will receive a certain amount of RSC tokens, and the quantity of RSC can represent the user's reputation on the Research Hub platform. In the past week, RSC has increased by nearly 200%, and its market value has once again reached $60 million after six months.

Conclusion

In the future, the potential of DeSci is not limited to optimizing the research process but may also lead a comprehensive revolution in scientific governance, intellectual property management, and research ethics. Through decentralized decision-making mechanisms and community-driven models, DeSci is expected to democratize scientific research, giving more people the opportunity to participate in scientific development. At the same time, with the support of blockchain technology, the authenticity and transparency of research data and results will be unprecedentedly enhanced, which can effectively combat academic fraud and further enhance public trust in science.

Overall, DeSci is gradually becoming a new research paradigm. It is not just a supplement to traditional research models but also a profound cultural revolution in science. With the support of Web3 technology, DeSci is expected to break down barriers in the research field and drive the global development of science. In the future, with the emergence of more practical cases and the continuous improvement of technology, DeSci will lead the scientific community into a more open, efficient, and democratic new era.

Research Report

Follow Us

TrendX: TrendX-No.1 Web3 investment opportunity and platform, relying on industry-leading AI analysis technology and on-chain and off-chain trend tracking technology, real-time analysis of dynamic data from billions, capturing investment opportunities, providing investment advice to users through intuitive interaction, and committed to becoming the user's preferred Web3 investment platform.

Website: https://app.trendx.tech/

Twitter: https://twitter.com/TrendX_tech

Investment carries risks, projects are for reference only, please bear the risks on your own.