If you’re into the wild world of cryptocurrency, you’ve probably noticed how tricky it can be to get the full scoop on token projects. Information is often scattered or hidden, leaving investors guessing. That’s where Blockworks steps in with their Token Transparency Framework, and the latest third cohort is making waves! Announced on July 22, 2025, this round features heavy hitters like dYdX, Euler, zkSync, and Layer 3, all raising the bar for disclosure in the crypto space.

What’s the Token Transparency Framework All About?

Think of the Token Transparency Framework as a rulebook for crypto projects to share clear, honest details. It’s a one-time filing that checks 18 key criteria across four areas: Project & Team, Token Allocation, Market Structure, and Financial Disclosure. The goal? To level the playing field by making critical info—like supply schedules or revenue streams—easy to find for everyone, not just the insiders. Blockworks kicked this off earlier in 2025, and now, with the third cohort, it’s gaining serious momentum.

Meet the Third Cohort Stars

The latest lineup includes some big names, each scoring impressively high on the framework. Here’s a quick rundown:

• dYdX: This decentralized exchange platform scored a near-perfect 39/40. They’ve opened up about their legal separation from the dYdX Foundation, shared liquidity agreements, and even dropped detailed financials via ecosystem reports. Impressive stuff!
• Euler: With a 39/40, Euler (a lending protocol) spilled the beans on operational wallets, treasury addresses, and quarterly balance sheets. Their transparency game is strong!
• zkSync: Scoring 38/40, this layer-2 scaling solution revealed treasury wallets, token minting details, and the relationship between equity and tokens. A solid effort!
• Layer 3: Also hitting 39/40, Layer 3 showcased how their non-profit foundation and protocol council work together, plus shared treasury and investor wallet info. They’re setting a great example.

Each project’s scorecard (like the one in the image above) shows green across the board, with minor gaps in financial disclosure being the only areas for improvement.

Why This Matters for Meme Tokens and Beyond

While the framework focuses on established projects, its ripple effects could reach the meme token world we cover at meme-insider.com. Meme tokens often thrive on hype, but transparency could build lasting trust. Imagine a Dogecoin or Shiba Inu project adopting this framework—disclosing token allocations or market structures could separate the serious players from the pump-and-dump schemes. For blockchain practitioners, this is a goldmine to learn how top projects operate and adapt those lessons.

The Bigger Picture

Blockworks isn’t just auditing these projects; they’re inviting the community to join in. The framework is open-source, meaning anyone can contribute feedback or even become an auditor. With partners like Pantera and Theia in the mix, this initiative is shaping up to be a game-changer. The third cohort’s disclosures—like dYdX’s financials or zkSync’s token mechanics—show real-time changes in industry standards, proving transparency isn’t just talk.

What’s Next?

If you’re a project looking to join or a curious crypto enthusiast, check out the full details and submission process here. You can even DM @_ryanrconnor for more info. As the crypto space evolves, initiatives like this could be the key to building a more trustworthy ecosystem. What do you think—will meme tokens jump on this bandwagon? Drop your thoughts in the comments!