Top 10 ICOs of 2025: New Coins, Real Utility, and Big Gains Ahead

With hundreds of crypto launches happening every month, only a few stand out with actual product utility, fair tokenomics, and strong early community support.

With hundreds of crypto launches happening every month, only a few stand out with actual product utility, fair tokenomics, and strong early community support. April 2025 has already delivered a lineup of standout ICOs that are not just hype but backed by tangible ideas, whether it’s through games, AI tools, liquid staking, or next-gen infrastructure.

This list pulls together the top 10 ICOs of 2025 that are currently active and generating strong interest. What makes them worth watching is their focus on doing more than just selling tokens, they’re building experiences, offering real utility, and giving early backers strong upside based on simple, clear math. From gamified meme coins to AI automation and DeFi platforms, each entry here brings something different to the table.

If you’re tracking new ICOs for their early-stage potential, this list will help you spot the most promising ones right now. First up is Dragoin, the GoT-themed meme coin that’s doing something completely different with its tap-to-earn model and stage-based rewards.

1. Dragoin – Game of Thrones Meets Tap-to-Earn

Dragoin ($DDGN) is combining meme coin hype with a real play-to-earn game on Telegram. Inspired by dragons and fantasy lore, the presale runs across 25 themed stages like “The Battle of Harrenhal” and “The Final Clash.” The starting price at Stage 1 was just $0.00002916, with the final presale price at $0.00083473 and a confirmed listing price of $0.002. That means early buyers could secure a potential ROI of over 6,750% by launch.

On top of that, any unsold tokens from the presale will be permanently burned, adding scarcity for future holders.

The game itself is already live in beta and includes daily rewards, passive income from dragon leveling, and a referral system. You tap to earn, upgrade dragons, and earn coins even when you’re offline. Dragoin coins earned in-game will be swapped for $DDGN tokens at launch, with bonus rewards airdropped to holders.

With 50% of the supply going to the presale and the rest split between ecosystem (30%), liquidity (15%), and team (5% locked for two years), Dragoin is putting early supporters first. It’s a strong start and one of the top 10 ICOs of 2025 that’s getting attention for all the right reasons.

2. StakeStone – Liquid Staking Built for Cross-Chain DeFi

StakeStone is developing an omni-chain liquid staking protocol with full Ethereum compatibility. It’s already raised over $33 million and is running one of the most sought-after airdrop campaigns right now.

What makes StakeStone unique is that it’s not just targeting ETH, but is designed to expand staking access across rollups and multiple chains, improving DeFi accessibility and yield farming. The presale is ongoing with 9 days left to qualify for the airdrop. Tokens will offer governance rights and staking incentives once the network goes live.

With big-name backing from Polychain and Amber Group, StakeStone isn’t just offering a DeFi service, it’s building toward interoperability in a market that still relies heavily on siloed staking models. It’s a serious contender among the top 10 ICOs of 2025, especially for those looking for cross-chain utility tied to yield generation.

3. Initia – Building Modular Blockchain Networks

Initia is a modular blockchain platform that makes deploying dApps across rollups more accessible. It launched via Binance Launchpool and has already raised $24 million ahead of its full token debut. With a $350 million pre-valuation, it’s been one of the most high-profile ICOs in April.

The key hook with Initia is that it makes multi-chain development easier and offers its own dev tools for frictionless dApp deployment. It’s structured to support modular execution layers and native interoperability. Early buyers can still get in during its pre-listing token rounds.

This mix of tech depth and exchange support makes Initia one of the top 10 ICOs of 2025, and the one most likely to dominate developer adoption in Q3 and Q4.

4. EarnPark – DeFi Tools Built on Arbitrum

EarnPark is a DeFi protocol focusing on liquidity management and financial automation tools on Arbitrum. It’s raised $1.7 million so far at a $20 million pre-launch valuation and is still in its Tier 1 token sale round. The team is building products for optimising liquidity positions, maximising yields, and creating automated DeFi strategies for users with minimal