Top 7 most funded projects without tokens — expected TGE in 2026

The “tokenless” projects that are well-funded, have real products, and genuine user bases are attracting significant attention — with a total of over $2.7 billion USD from leading VCs. When these projects launch their tokens (TGE), the market often reacts strongly. Here are 7 notable names recognized:

Polymarket — $2.27B

One of the largest prediction market platforms in the world, aiming for a valuation of around $20 billion USD in its new funding round. Filed for trademark registration for POLY in February.

MegaETH — $107M

Layer-2 Ethereum supported by Dragonfly and Vitalik, designed for real-time performance. Had a public token sale in October 2025, raising about $50 million USD; MEGA is currently trading pre-market.

KAST — $90M

Neobank stablecoin with over 1 million users and an annual volume of $5 billion USD. Recently completed Series A funding of $80M; TGE expected in Q2/Q3, with the KAST Points program already active.

Nansen — $88.2M

On-chain analytics platform with the NXP Points program for users — points that can unlock airdrops and other benefits. No official token announcement yet.

Chaos Labs — $79M

Provides integrated risk management solutions with Aave, GMX, Jupiter, and over 20 other DeFi projects. Offers early-access rewards programs.

Gensyn — $66.7M

L1 network rewarding GPU compute for ML. Held a public token sale in December 2025.

Agora — $62M

Stablecoin issuer building a pegged asset solution to replace volatility, backed by Dragonfly.

The above list is compiled from original sources and public reports. This is not investment advice — do your own research before acting.

Source: Top 7 Crypto | Analytics & AlphaInfographic: Top 7 tokenless projects — Source: Top 7 Crypto