When the market is quiet, there are indeed not many early-stage projects to participate in. Zaiffer Protocol's public testnet has recently launched, and those interested can give it a try.

This project has a pretty hardcore technical approach—based on a fully homomorphic encryption scheme developed by the cryptography company Zama. Simply put, it allows for direct computation on encrypted data without decrypting, putting privacy protection at the forefront.

It's still in the initial launch phase, with on-chain addresses just surpassing 10,000. The interaction costs during the testnet phase are low, and if there's an airdrop expected later, early participation always offers more opportunities. Anyway, it doesn't cost much, so if you have time, go ahead and try it out.