In the Web3 space, multiple projects are driving industry innovation while also facing unique challenges.

Huma Finance has achieved a default-free transaction volume of $4.5 billion through its cross-border payment and on-chain credit system, enhancing efficiency by ten times through stablecoin settlements. However, its off-chain risk control still relies on centralized oracles, which may pose potential risks in the future.

Caldera, as a pioneer of RaaS (Rollup as a Service), has deployed over 75 application chains with a total locked value of 1 billion USD. Its Metalayer technology facilitates interoperability between rollups, but the mainnet delay and the lag in cross-chain security audits remain risks that cannot be ignored.

Lagrange solved the multi-chain state verification problem through ZK co-processors, receiving $17.2 million in funding support. Although 400,000 proofs on the testnet demonstrated its technical potential, the $1 billion fully diluted valuation and 4% annual inflation rate may lead to token sell pressure.

Bubblemaps has attracted significant investment with its on-chain manipulation behavior visualization tool, and its community governance platform Intel Desk has revealed multiple cases of market manipulation. With tightening regulations, the demand for such tools may surge, but the volatility of token prices remains high.

BounceBit, as an innovator in Bitcoin re-staking, has achieved an annualized return of 15% through a hybrid architecture of CEFi and DeFi. Its BBTC pegged assets and Binance custody provide dual protection, but it faces challenges in regulatory compliance and competition from rivals such as Lido.

These projects showcase the innovative vitality of the Web3 field, but also highlight the delicate balance between technology, regulation, and market risks. Investors and users need to weigh the value proposition, growth potential, and potential risks of the projects when participating.