Author: Biteye Core Contributor Viee
Editor: Biteye Core Contributor Crush
Dubai is about to welcome its annual event - Binance Blockchain Week, which will take place from October 30 to 31, 2024, with the theme "Momentum."
Binance Blockchain Week has recently announced 12 forward-looking projects that showcase potential and innovation in areas such as modularization, re-staking, DeFi, and Layer 2, which will be promoted at the event.
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. It 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; you 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 Telegram-based multi-chain wallet and DApp application center, supporting multiple chains including 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 create yields 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 include a proof generation time of only 300 milliseconds per proof, costs as low as $1, and support for 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, participate in Zealy activities.
09. KiloEx @KiloEx_perp
Total Funding: Undisclosed amount, 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 prices of perpetual contracts 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: Undisclosed amount, invested by Binance Labs.
Introduction: A platform focused on the tokenization of real-world assets (RWA), with its flagship product being a tokenized U.S. Treasury fund (TBILL) that allows 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 appeal. 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: Undisclosed amount, 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 market activity and user base.
Participation Method: Stake on the official website to earn points and yields.
12. Zircuit @ZircuitL2
Total Funding: Undisclosed amount, invested by Binance Labs, Pantera Capital, Dragonfly, and others.
Introduction: An Ethereum-based Layer 2 network that utilizes 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, thereby providing users with a more efficient blockchain experience.
Participation Method: Tokens have been issued; you can participate in the second season airdrop staking event.
? Risk Warning: The above is for informational sharing only and is not investment advice. Readers are advised to comply with the laws and regulations of their location.
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