Dubai is about to usher in the annual event, Binance Blockchain Week, on Tuesday. The event is scheduled to be held in Dubai from October 30 to 31, 2024, with the theme of "Momentum".
Binance Blockchain Week recently announced 12 forward-looking projects that have shown potential and innovation in modularization, re-staking, DeFi, Layer 2 and other fields, and will be promoted at the conference.
As one of the world's largest Web3 events, the developments of 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 financing: $41.4 million, invested by Binance Labs, Polychain, Hack VC, etc.
Introduction: Movement is a modular blockchain project based on the Move programming language, developed by Movement Labs. Movement is regarded as Ethereum's first Move-EVM Layer 2 solution, aiming to provide developers with a secure and flexible environment to build and deploy smart contracts. The resource-oriented nature of the Move language can effectively prevent common EVM vulnerabilities, such as reentrancy attacks, thereby improving the security of encrypted assets and can solve some limitations of existing smart contract languages (such as Solidity).
Participation method: Incentivized testnet activity Movedrop
02Puffer Finance @puffer_finance
Total financing: US$24.15 million, invested by Binance Labs, Electric Capital, BH Digital, etc.
Introduction: A decentralized native liquidity re-pledge protocol built on Ethereum. Puffer Finance provides a range of innovative products, including Liquidity Re-Pledge (LRT) and Rollup-based solutions, designed to promote liquidity and application development in the Ethereum ecosystem. In addition, Puffer Finance has launched PufferDAO, which empowers the community with governance rights and ensures the transparency and decentralization of the project.
Participation method: Tokens have been issued, and you can participate in the second season airdrop staking event
03 Solayer @solayer_labs
Total financing: $12 million, invested by Polychain, Binance Labs, Hack VC, etc.
Introduction: A decentralized re-staking network based on Solana, which aims to enhance the bandwidth and Layer 1 security of decentralized applications (dApps) through a re-staking mechanism. Users can lock their staked SOL assets on Solayer again, which operates similarly to Ethereum's EigenLayer. Since its launch in June 2024, Solayer has quickly risen in the Solana ecosystem, reaching $150 million in total value locked (TVL) in just two months, becoming the 13th largest protocol on Solana.
Participation method: Second season staking incentive activity (qualification screening before participation)
04 UXUY @uxuycom
Total financing: US$11.2 million, invested by Binance Labs, Bixin Ventures, Waterdrip Capital, etc.
Introduction: A decentralized multi-chain trading platform that aims to provide users with a Telegram-based multi-chain wallet and DApp application center, supporting multiple chains such as Bitcoin, Ethereum, Solana, TRON and TON. UXUY aims to introduce 900 million Telegram users into the multi-chain crypto ecosystem, providing convenient cross-chain transactions and a variety of financial services. For example, the UXUY wallet allows users to easily manage and trade different crypto assets on one platform.
Participation method: Create a UXUY Telegram wallet to earn BTC rewards
05 aPriori @aprMEV
Total financing: US$10.7 million, invested by Binance Labs, OKX Ventures, Pantera Capital, etc.
Introduction: A platform focusing on liquidity staking solutions driven by miner extractable value (MEV), 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 greatly reduces latency and maximizes the high performance of Monad.
Participation method: Participate in community interaction, and the liquid staking protocol will be launched on the Monad test network later
06MilkyWay @milky_way_zone
Total financing: US$5 million, invested by Binance Labs, Polychain, Hack VC, etc.
Introduction: MilkyWay aims to become the center of modular heavy staking. It coordinates security through LST (Liquid Staking Token), re-staking and AVS (Asset Verification Service) management. MilkyWay aims to provide cryptoeconomic security for the modular ecosystem and create benefits for users. It is called the "Modular Staking Portal".
Participation method: Snapshot
07 Zerobase @zerobasezk
Total financing: US$5 million, invested by Binance Labs, IDG Capital, etc.
Introduction: Zero-knowledge proof (ZK) project, aims to build the world's fastest proof network (Prover Network), improving speed, cost, security and privacy. ZEROBASE features include a 300 millisecond generation time per proof, a cost as low as $1, and support for a trusted execution environment (TEE), which makes its technology reliable in terms of network security. The project hopes to promote the popularity of ZK technology by encouraging retail users to become node operators and stakers, allowing more people to participate in the network. In addition, ZEROBASE also plans to integrate the zkLogin framework into the SOON platform to provide a smoother and privacy-focused login experience, ensuring that users' sensitive data (such as OpenID, avatars, and emails) are protected.
08 Zest Protocol @ZestProtocol
Total financing: US$3.5 million, invested by Binance Labs, Trust Machines, etc.
Introduction: A decentralized finance (DeFi) protocol designed specifically for Bitcoin, which aims to provide returns to Bitcoin holders through on-chain lending services. The protocol allows users to borrow and earn returns on the Bitcoin network, using Bitcoin's layer 2 technology Stacks and sBTC, an asset pegged 1:1 to Bitcoin, to achieve this goal. Zest Protocol also offers some unique features, such as users can earn up to 65% annualized yield (APY) by depositing different assets such as STX and USDC. In addition, Zest Protocol also plans to launch new yield products such as BTCz, which combines Babylon's yield generation and Stacks' security.
Participation method: Earn points through Stacks network lending, deposit through BTC network, Zealy activities
09 KiloEx @KiloEx_perp
Total financing: The amount is not disclosed, invested by Foresight Ventures, Binance Labs, etc.
Introduction: Decentralized exchange (DEX), focusing on perpetual contract trading, aims to provide users with a friendly trading experience. KiloEx supports multiple blockchains, including BNB Chain, opBNB, Manta, Taiko, and Base. KiloEx uses the rate basis to anchor the perpetual contract price to the spot price to ensure the stability and reliability of the transaction.
Participation method: official multi-chain trading competition, community trading competition, Manta joint activities
10OpenEden @OpenEden_Labs
Total financing: Amount not disclosed, invested by Binance Labs
Introduction: A platform focusing on the tokenization of real-world assets (RWA). The flagship product is the tokenized U.S. Treasury bond fund (TBILL), which allows users to invest in low-risk U.S. Treasury bonds through blockchain technology. OpenEden is the first and only tokenized treasury product to receive an "A" rating from Moody's, which provides it with greater credibility and appeal. It has accumulated more than $100 million in total value locked (TVL) and plans to further expand its influence in the DeFi ecosystem by partnering with payment companies, decentralized finance (DeFi) protocols, and crypto wallets.
11 StakeStone @Stake_Stone
Total financing: Amount not disclosed, invested by Binance Labs, OKX Ventures, Skyland Ventures, etc.
Introduction: Full-chain liquidity staking protocol, designed to provide native staking income and liquidity for Layer 2 networks. StakeStone's core product, STONE, is a liquid Ethereum (ETH) with compatibility and stability. It manages STONE's underlying assets through the Optimized Portfolio and Allocation Proposal (OPAP) mechanism, ensuring that any asset adjustments are subject to public notification, on-chain voting, and final execution of smart contracts. To date, StakeStone has processed more than 200,000 pledge and unstake transactions, demonstrating its activeness and user base in the market.
Participation method: Stake on the official website to get points and income
12 Zircuit @ZircuitL2
Total financing: Amount not disclosed, invested by Binance Labs, Pantera Capital, Dragonfly, etc.
Introduction: Layer 2 network based on Ethereum, using zkRollup protocol, aims to provide faster, cheaper and safer transactions. Its main features include compatibility with Ethereum Virtual Machine (EVM), support for AI-driven sorter-level security, and top zero-knowledge performance. Zircuit is designed to provide users with a more efficient blockchain experience by enhancing its security through parallel circuits and AI technology.
Participation method: Tokens have been issued, and you can participate in the second season airdrop staking event
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