Author: Biteye core contributor Viee
Editor: Crush, core contributor of Biteye
Dubai is about to usher in its 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 areas such as modularity, re-staking, DeFi, and Layer 2, 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 funding: $41.4 million from 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 nature of the Move language can effectively prevent common EVM vulnerabilities, such as reentrancy attacks, thereby improving the security of crypto assets and addressing some limitations of existing smart contract languages (such as Solidity).
How to participate: Incentivized testnet activity Movedrop
02. Puffer Finance @puffer_finance
Total funding: $24.15 million from Binance Labs, Electric Capital, BH Digital, and others
Introduction: A decentralized native liquidity re-pledge protocol built on Ethereum. Puffer Finance offers 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 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 funding: $12 million from Polychain, Binance Labs, Hack VC, and others
Introduction: A decentralized re-staking network based on Solana, which aims to enhance the bandwidth of decentralized applications (dApps) and the security of Layer 1 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 risen rapidly in the Solana ecosystem, reaching a total locked value (TVL) of US$150 million 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 funding: $11.2 million from Binance Labs, Bixin Ventures, Waterdrip Capital, and others
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.
How to participate: Create a UXUY Telegram wallet to earn BTC rewards
05. aPriori @aprMEV
Total funding: $10.7 million from Binance Labs, OKX Ventures, Pantera Capital, and others
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 subsequently launch the liquid staking protocol on the Monad test network
06. MilkyWay @milky_way_zone
Total funding: $5 million from Binance Labs, Polychain, Hack VC, and others
Introduction: MilkyWay aims to be the center of modular re-staking. It coordinates security through LST (Liquid Staking Token), re-staking, and AVS (Asset Verification Service) management. MilkyWay's goal is to provide crypto-economic security for the modular ecosystem and generate benefits for users. It is called the "Modular Staking Portal".
Participation method: Snapshot
07. Zerobase @zerobasezk
Total funding: $5 million, from Binance Labs, IDG Capital, and others
Introduction: The Zero-Knowledge Proof (ZK) project aims to build the world's fastest Prover Network, improving speed, cost, security and privacy. ZEROBASE features include a generation time of only 300 milliseconds for each proof, a cost as low as $1, and support for 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 pledgers, 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 funding: $3.5 million from Binance Labs, Trust Machines, and others
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 methods: Earn points through Stacks network lending, deposit through BTC network, Zealy activities
09. KiloEx @KiloEx_perp
Total funding: Undisclosed amount, 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 with the spot price to ensure the stability and reliability of the transaction.
Participation methods: 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 focusing on the tokenization of real-world assets (RWA). Its 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 bond product to receive an "A" rating from Moody's, which provides it with higher credibility and appeal. It has accumulated a total locked value (TVL) of more than $100 million and plans to further expand its influence in the DeFi ecosystem through cooperation with payment companies, decentralized finance (DeFi) protocols, and crypto wallets.
11. StakeStone @Stake_Stone
Total funding: Amount not disclosed, invested by Binance Labs, OKX Ventures, Skyland Ventures, etc.
Introduction: A 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, and manages STONE's underlying assets through the Optimized Portfolio and Allocation Proposal (OPAP) mechanism to ensure 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 staking and unstaking transactions, demonstrating its activeness and user base in the market.
Participation method: Pledge on the official website to obtain points and benefits
12. Zircuit @ZircuitL2
Total funding: Undisclosed amount, invested by Binance Labs, Pantera Capital, Dragonfly, etc.
Introduction: A Layer 2 network based on Ethereum, using the zkRollup protocol, designed to provide faster, cheaper and more secure transactions. Its main features include compatibility with the Ethereum Virtual Machine (EVM), support for AI-driven sorter-level security, and top 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, and you can participate in the second season airdrop staking event
💡 Risk Warning: The above is for information sharing only, not investment advice. Readers are requested to abide by local laws and regulations.
