Revealed! How to participate in the 12 projects that Binance is focusing on for investment.

Binance Blockchain Week recently announced 12 forward-looking projects that demonstrate potential and innovation in areas such as modularity, re-staking, DeFi, and Layer 2.

Written by: Viee, Core Contributor at Biteye

Edited by: Crush, Core Contributor at Biteye

On Tuesday, Dubai is set to host the annual event—Binance Blockchain Week. This event is scheduled to take place from October 30 to 31, 2024, with the theme "Momentum."

Binance Blockchain Week recently announced 12 forward-looking projects that showcase potential and innovation in modularity, re-staking, DeFi, Layer 2, and more, which will be promoted at the conference.

As one of the largest Web3 events globally, the developments at Binance Blockchain Week are worth paying attention to. This article will introduce these 12 projects one by one for your reference.

01 Movement @movementlabsxyz

Total Funding: $41.4 million, invested by Binance Labs, Polychain, Hack VC, and others.

Introduction: Movement is a modular blockchain project based on the Move programming language, developed by Movement Labs. Movement is regarded as the first Move-EVM Layer 2 solution for Ethereum, aiming to provide developers with a secure and flexible environment to build and deploy smart contracts. The resource-oriented features of the Move language can effectively prevent common EVM vulnerabilities, such as reentrancy attacks, thereby enhancing the security of crypto assets and addressing some limitations of existing smart contract languages like Solidity.

Participation Method: Incentivized testnet event Movedrop.

02 Puffer Finance @puffer_finance

Total Funding: $24.15 million, invested by Binance Labs, Electric Capital, BH Digital, and others.

Introduction: A decentralized native liquidity re-staking protocol built on Ethereum. Puffer Finance offers a range of innovative products, including Liquidity Re-staking (LRT) and Rollup-based solutions, aimed at promoting liquidity and application development within the Ethereum ecosystem. Additionally, Puffer Finance has launched PufferDAO, empowering community governance to ensure project transparency and decentralization.

Participation Method: Tokens have been issued, and users can participate in the second season airdrop staking event.

03 Solayer @solayer_labs

Total Funding: $12 million, invested by Polychain, Binance Labs, Hack VC, and others.

Introduction: A decentralized re-staking network based on Solana, designed to enhance the bandwidth of decentralized applications (dApps) and the security of Layer 1 through re-staking mechanisms. Users can lock their staked SOL assets again on Solayer, operating similarly to Ethereum's EigenLayer. Since its launch in June 2024, Solayer has rapidly risen in the Solana ecosystem, achieving a total locked value (TVL) of $150 million within just two months, making it the 13th largest protocol on Solana.

Participation Method: Second season staking incentive event (eligibility screening required before participation).

04 UXUY @uxuycom

Total Funding: $11.2 million, invested by Binance Labs, Bixin Ventures, Waterdrip Capital, and others.

Introduction: A decentralized multi-chain trading platform aimed at providing users with a multi-chain wallet and DApp application center based on Telegram, supporting multiple chains such as Bitcoin, Ethereum, Solana, TRON, and TON. UXUY's goal is to bring 900 million Telegram users into the multi-chain crypto ecosystem, offering convenient cross-chain trading and various financial services. For example, the UXUY wallet allows users to easily manage and trade different crypto assets on a single platform.

Participation Method: Create a UXUY Telegram wallet to earn BTC rewards.

05 aPriori @aprMEV

Total Funding: $10.7 million, invested by Binance Labs, OKX Ventures, Pantera Capital, and others.

Introduction: A platform focused on miner extractable value (MEV) driven liquidity staking solutions, built on the Monad network. Monad is a Layer 1 smart contract platform compatible with Ethereum, designed to provide high-performance parallel processing capabilities. aPriori's innovative probabilistic verification design significantly reduces latency, maximizing compatibility with Monad's high performance.

Participation Method: Engage in community interactions; a liquidity staking protocol will be launched on the Monad testnet later.

06 MilkyWay @milkywayzone

Total Funding: $5 million, invested by Binance Labs, Polychain, Hack VC, and others.

Introduction: MilkyWay aims to become the center of modular re-staking. It coordinates security through LST (liquid staking tokens), re-staking, and AVS (Asset Verification Services) management. MilkyWay's goal is to provide crypto-economic security for the modular ecosystem and generate returns for users. It is referred to as the "modular staking portal."

Participation Method: Snapshot has been taken.

07 Zerobase @zerobasezk

Total Funding: $5 million, invested by Binance Labs, IDG Capital, and others.

Introduction: A zero-knowledge proof (ZK) project aimed at building the world's fastest proving network (Prover Network) to enhance speed, cost, security, and privacy. ZEROBASE features a proof generation time of only 300 milliseconds per proof, costs as low as $1, and supports Trusted Execution Environments (TEE), making its technology reliable in terms of network security. The project hopes to incentivize retail users to become node operators and stakers, encouraging broader participation in the network and promoting the adoption of ZK technology. Additionally, ZEROBASE plans to integrate the zkLogin framework into the SOON platform to provide a smoother and privacy-focused login experience, ensuring the protection of users' sensitive data (such as OpenID, avatars, and emails).

08 Zest Protocol @ZestProtocol

Total Funding: $3.5 million, invested by Binance Labs, Trust Machines, and others.

Introduction: A decentralized finance (DeFi) protocol designed specifically for Bitcoin, aimed at providing yields for Bitcoin holders through on-chain lending services. The protocol allows users to lend and earn yields on the Bitcoin network, utilizing Bitcoin Layer 2 technology Stacks and assets pegged 1:1 to Bitcoin, sBTC, to achieve this goal. Zest Protocol also offers unique features, such as allowing users to earn up to 65% annual percentage yield (APY) by depositing different assets (like STX and USDC). Furthermore, Zest Protocol plans to launch new yield products, such as BTCz, which combines Babylon's yield generation with the security of Stacks.

Participation Method: Earn points through lending on the Stacks network, make deposits through the BTC network, and participate in Zealy activities.

09 KiloEx @KiloEx_perp

Total Funding: Amount undisclosed, invested by Foresight Ventures, Binance Labs, and others.

Introduction: A decentralized exchange (DEX) focused on perpetual contract trading, aimed at providing users with a friendly trading experience. KiloEx supports multiple blockchains, including BNB Chain, opBNB, Manta, Taiko, and Base. KiloEx anchors the perpetual contract prices to spot prices using rate basis, ensuring stability and reliability in trading.

Participation Method: Official multi-chain trading competition, community trading competition, Manta joint activities.

10 OpenEden @OpenEden_Labs

Total Funding: Amount undisclosed, invested by Binance Labs.

Introduction: A platform focused on the tokenization of real-world assets (RWA), with its flagship product being tokenized U.S. Treasury bond funds (TBILL), allowing users to invest in low-risk U.S. Treasury bonds through blockchain technology. OpenEden is the first and only tokenized Treasury bond product to receive a Moody's "A" rating, providing it with higher credibility and attractiveness. It has accumulated over $100 million in total locked value (TVL) and plans to further expand its influence in the DeFi ecosystem through partnerships with payment companies, decentralized finance (DeFi) protocols, and crypto wallets.

11 StakeStone @Stake_Stone

Total Funding: Amount undisclosed, invested by Binance Labs, OKX Ventures, Skyland Ventures, and others.

Introduction: A full-chain liquid staking protocol aimed at providing native staking yields and liquidity for Layer 2 networks. StakeStone's core product, STONE, is a liquid Ethereum (ETH) that offers compatibility and stability, managing the underlying assets of STONE through an optimized portfolio and allocation proposal (OPAP) mechanism, ensuring that any asset adjustments require public notification, on-chain voting, and final execution via smart contracts. To date, StakeStone has processed over 200,000 staking and unstaking transactions, demonstrating its activity and user base in the market.

Participation Method: Stake on the official website to earn points and yields.

12 Zircuit @ZircuitL2

Total Funding: Amount undisclosed, invested by Binance Labs, Pantera Capital, Dragonfly, and others.

Introduction: A Layer 2 network based on Ethereum that uses zkRollup protocol, aimed at providing faster, cheaper, and more secure transactions. Its main features include compatibility with the Ethereum Virtual Machine (EVM), support for AI-driven sequencer-level security, and top-notch zero-knowledge performance. Zircuit's design philosophy is to enhance its security through parallel circuits and AI technology, providing users with a more efficient blockchain experience.