Author: WOO X Research
Background: BNB rose by about 100 U in a single day, an increase of about 14%
In this cycle, BNB seems to have been relatively "low-key" and has not seen a particularly large increase. However, recently, BNB has performed well in the cryptocurrency market, with its price achieving a significant increase of about 14%, attracting widespread attention from investors.
Image source: https://cn.tradingview.com/chart/jyCAJAsu/?symbol=BINANCE%3ABNBUSD
Compared with other mainstream tokens, it has shown stronger growth momentum. For example, ETH increased by about 5% in the same period; SOL increased by about 1%; OKB increased by about 7%. In terms of performance, BNB not only surpassed most of its competitors, but also further consolidated its position as the leading platform currency.
Analyzing the reasons, in addition to the recent good market sentiment, there is another important factor that may affect its rise, that is, the diversified layout of Binance ecology, namely: the continuous expansion of Binance Smart Chain (BSC) and the ecological development of BNB. Recently, Binance has indeed taken a series of actions to support its own ecological projects. In this article, WOO X Research summarizes and briefly organizes the projects involved in Binance's recent related actions.
Astherus
On November 28, Binance Labs announced its investment in the multi-asset liquidity center Astherus.
The agreement consists of three main parts:
- dApp layer - Native dApps include AstherusEX and AstherusEarn.
- Defi infrastructure layer - aggregates liquidity of asset pools. This module will also allow developers to build DApps on Astherus in the future.
- L1 Chain - A Layer-1 blockchain focused on DeFi, supporting multi-asset staking and enabling $BNB as gas fee.
Currently supports BNB Chain, Ethereum, Scroll and Solana. The wallet supports MetaMask wallet and Binance Web3 wallet extension.
Launch USDF, and exchange USDT 1:1 for USDF on the BSC chain. You can earn three times the Au points. Participating in other activities (such as leverage) will earn you points at different rates, and the points will be used to distribute ASS airdrops. Staking USDF in AstherusEarn to mint asUSDF will also earn you income.
Kernel
On November 25, BNB Chain ecosystem re-staking infrastructure Kernel completed a total of US$10 million in financing, with Binance Labs and others participating in the investment.
Kernel's products also include re-staking on BNB, Kelp, a liquidity re-staking protocol on Ethereum, and Gain, a RWA tokenized yield protocol.
Official website roadmap: Mainnet preparation will be carried out in November-December 2024, and the protocol will be fully launched in January-February 2025, including running the mainnet and integrating partners.
Thena
On November 26, Binance HODLer airdrop launched the second project, Thena (THE).
One is a DEX and liquidity layer built on BNB Chain and opBNB. Currently includes the following products/services:
- THENA: a spot DEX;
- ALPHA: Perpetuals DEX offers cryptocurrency trading pairs with up to 60x leverage;
- ARENA: A social platform for trading competitions;
- WARP: Launchpad coming soon
There are mainly three types of tokens: THE, veTHE, and theNFT.
- THE: As a governance token;
- veTHE: As a custodial version of veTHE, it represents voting rights. 1 veTHE will be obtained for every two years of lock-up; veETH holders will receive a certain percentage of the platform's revenue;
- theNFT: Minted by early users, according to the official website, holders can get 10% of THENA transaction fees.
Brevis
On November 26, Binance Labs participated in the seed round of financing for Brevis Network, a ZK full-chain data proof platform, as a lead investor.
Simply put, historical on-chain data can be accessed through the integrated API, the data is handed over to Brevis for calculation, an off-chain ZK proof is generated, and then the calculation results are submitted back to the chain to complete the integration of Dapp and Brevis.
WHY
On November 25, 1000WHYUSDT 1-75 times USDT perpetual contracts were launched.
The Dumbo concept meme, originally named Ele, was later renamed WHY. It is a deflationary meme listed on Binance and tied to the circulation of BNB. All the handling fees are used to destroy WHY and BNB.
The community is large, and as of press time, the number of addresses holding coins is 80,080.
CHEEMS
On November 25, 1000CHEEMSUSDT 1-75x USDT perpetual contract was launched. Shiba Inu concept meme on BSC chain.
The community is large and has a good atmosphere. As of press time, the number of addresses holding coins is 53,732.
