January 11, 2024
2023 Recap

iVerse Vision 2023 Recap Part 1: Incubation

iVerse Vision 2023 Recap Part 1: Incubation

Our 2023 Recap kicks off the new year with an overview of recent progress from our core partners, how we supported them, and what to expect from IV Incubation in 2024!

Cultivating an ecosystem of innovation

We believe disruptive new products are critical for expanding the Web3 space and onboarding more users.

As an experienced incubator and blockchain solutions provider, iVerse Vision empowers other builders to reach their goals in this rapidly-evolving industry. That’s why we are focusing on four of our core partners to kick off our 2023 Recap Series:

These hardcore DeFi and GameFi projects all took some major steps forward this past year, and iVerse Vision was proud to support them throughout each of their journeys.

Read on to learn more about our collaborative efforts to help unleash innovation, kickstart decentralized growth, and build a better future. Plus, don’t miss our special preview of what’s to come in 2024 for iVerse Vision and our growing ecosystem of partners!


Throughout this past year, AshSwap kept the pedal to the metal on the road to DeFi innovation.

After launching their $ASH token in Q4 2022, AshSwap’s core protocol went live in early 2023. Their advanced stable-swap DEX has brought a new level of efficiency to MultiversX and provided a powerful foundation for its growing DeFi ecosystem.

Constantly innovating, AshSwap went on to release their DEX aggregator on June 16, 2023. This tool empowers investors to get the best rates on swaps across many different exchanges. A few months later, xPortal officially integrated the AshSwap Aggregator directly into their app as the default option for swapping tokens.

AshSwap finished the year strong as it reached monthly volumes exceeding $25m in both November and December. According to DeFiLlama’s TVL rankings, AshSwap is already the 3rd most valuable protocol on the network.

The next leap forward will be significant: a fully on-chain perpetual futures platform known as AshPerp. This next-level module will allow users to trade a range of tokens from the MultiversX ecosystem and beyond with powerful leverage and an easy-to-use interface.

AshPerp’s launch in early 2024 promises to bring a wave of new utility to the DeFi ecosystem, while also generating additional value for ASH and veASH holders.  


DX25 established the groundwork in 2023 to potentially become one of the most explosive platforms in the entire DeFi ecosystem.

Powered by a dedicated team of blockchain experts and former TradFi professionals, DX25 burst onto the MultiversX scene last year as an intriguing new DeFi project. At its core, this protocol is a concentrated liquidity DEX with a range of other advanced features on the way such as on-chain derivatives trading.

DX25’s DEX went live this past October with exciting results so far. Despite not launching a token yet, this early-stage project already ranks as a top DeFi project in the ecosystem.

With a TGE for $DX25 and revolutionary new features set to go live this year, you can already get in on the action with their boosted rewards for early adopters.

Hatom Protocol

The innovators at Hatom worked tirelessly throughout 2023 and show no signs of slowing down moving forward.

iVerse Vision supported Hatom as they launched $HTM in Q3 of 2023, which has subsequently become one of the ecosystem’s hottest tokens. In addition to the $HTM launch, they also delivered several innovative features such as liquid staking and lending/borrowing.

The project has been heavily audited to ensure a high level of security. In Q4 2023, Hatom also released the Booster and Accumulator modules to reward pioneering users and $HTM holders.

At the top of their agenda for 2024 is launching $USH, MultiversX’s first native stablecoin.

Additionally, they aim to release Soul Protocol this year: a cross-chain lending platform that is set to harmonize DeFi liquidity across multiple Web3 ecosystems such as Ethereum and Arbitrum.

Knights of Cathena

KoC progressed by leaps and bounds last year, launching their $CGO token on the Entity Launchpad and releasing their free-to-play Web3 game on mainnet.  

With real prizes up for grabs, the project has generated over 720,000 transactions and 288,000 NFTs since its mainnet launch on MultiversX.

While they already rank among the most active ecosystem projects in terms of community engagement and on-chain activity, we believe the best is still yet to come for KoC.

2024 promises to be another landmark year for Knights of Cathena, with their official v1.0 game release on the way, along with additional in-game features, exciting new partnerships, accelerated adoption, and more.

Incubation: the iVerse Vision Advantage

How did we help these projects reach their goals this year? For each partner, we take a tailored approach based on their available resources and needs.

iVerse Vision delivered a range of services to AshSwap, DX25, Hatom, and KoC throughout 2023 such as:

  • Tokenomics advisory
  • Legal consulting
  • Business development support
  • Staking and liquid staking infrastructure
  • Marketing assistance
  • Influencer recommendations
  • Event collaboration
  • And more…

In each case, we have worked hard to help build bridges and overcome challenges so that these projects can reach their full potential.

“While we congratulate all of our partners on their recent milestones, it’s still day one. Let’s keep pushing and raising the bar even higher.”

-Wolfgang Rückerl • iVerse Vision CEO

Whether in DeFi, GameFi, or beyond, we have the experience and connections necessary to get things done and overcome the challenges of Web3 entrepreneurship.

2024: Keeping the momentum going

Overall, 2023 was a landmark year for both iVerse Vision and our network of partner projects.

No matter what stage your project is in its growth lifecycle, we can help you achieve long-term excellence and push the boundaries of what’s possible. As we continue to build on our track record as a leading blockchain incubator, iVerse Vision is excited to help our existing network accomplish new milestones while also joining forces with even more innovative builders.

We look forward to announcing more exciting partnerships in the coming weeks from all over the Web3 ecosystem. Although we focus on quality over quantity, we are excited to share several high-quality new partners with the community.

If you want to learn more about how iVerse Vision can help supercharge your blockchain project, we look forward to hearing from you. Make sure to also follow us on social media for all the latest updates.

Stay tuned for a special look into our Infrastructure highlights from last year as our 2023 Recap Series rolls on next week!

Unlocking the full potential of Web3

Founded in 2019, iVerse Vision is a full-service Web3 solutions provider based in Zug, Switzerland. The company’s team has extensive experience maintaining high-performance infrastructure, developing cutting-edge products and educational content, and incubating blockchain startups across a wide range of industries such as DeFi, GameFi, and Metaverse.

Further info

Edward Leavy

Edward Leavy

Technical Editor

About the author.

Edward Leavy is a certified technical writer living in Berlin, Germany. Originally from the US, Edward has been a blockchain enthusiast since 2012 and a proud member of the iVerse Vision Team since March 2022.