Which unlaunched projects are mentioned in the Binance H1 2024 Research Report?

Original Article Title: "Biteye Reveals! The Wealth Code of Binance's Latest Research Report"

Original Article Author: Viee, Biteye

Recently, Binance released its research report for the first half of 2024, summarizing not only the industry's development in the past six months but also providing predictions for the second half of the year in the cryptocurrency market! Biteye has compiled a list of unreleased projects highlighted in the report for reference.

01 Project Inventory

Layer1

1. Berachain: An L1 blockchain built on Cosmos SDK and compatible with EVM. It raised a total of $142 million, with investments from Polychain, OKX Ventures, among others.

2. Hyperliquid: An L1 blockchain that combines the advantages of CEX and DeFi, including a DEX with over 100 Perps and native Spot.

DeFi

1. Babylon: A leading project in the Bitcoin ecosystem and the largest Staking infrastructure for Bitcoin. It raised a total of $96 million, with investments from Paradigm, Binance Labs, among others.

2. Morpho: Enables users to borrow and lend, creating permissionless standalone lending markets. It raised a total of $68 million, with investments from a16z, Variant Fund, among others.

3. Karak: A general-purpose re-collateralization network similar to Eigenlayer and other re-collateralization projects. It raised a total of $51.3 million, with investments from Pantera Capital, Framework Ventures, among others.

4. Synfutures: A decentralized derivatives exchange that pioneered the permissionless contract market model. It raised a total of $37.4 million, with investments from Pantera Capital, Polychain, among others.

5. Symbiotic: A general-purpose re-staking system, a permissionless shared security protocol. Total funding of $5.8 million from investors including Paradigm and Cyber Fund.

6. Citrea: The first ZK Rollup project in the Bitcoin ecosystem. Total funding of $2.7 million from investors including Galaxy and Delphi Digital.

7. Solayer: A re-staking protocol in the Solana ecosystem, providing rewards such as POS, MEV, and AVS. Total funding undisclosed, with investment from Binance Labs.

ZK/L2

1. Scroll: Ethereum's native zkEVM Layer2 based on ZK-rollup. Total funding of $80 million from investors including Paradigm and OKX Ventures.

2. Linea: A layer2 solution developed by Consensys, compatible with EVM and adopting Zk-rollup technology. Total funding undisclosed, with investment from ConsenSys.

Social

1. Farcaster: A decentralized social protocol allowing users to create, own, and transfer identities and content. Total funding of $180 million from investors including Paradigm and a16z.

2. Lens Protocol: A decentralized open social graph where any application can plug in. Total funding of $15 million from investors including IDEO CoLab Ventures and Robot Ventures.

3. Fantasy.top: A SocialFi trading card game built on Blast. Total funding undisclosed, with investment from Alliance DAO and Fabric Ventures.

Game

1. Nifty Island: An open social gaming world where players can create, trade, and showcase 3D NFTs. Total funding of $20 million, backed by Hashed, Arrington Capital, and others.

2. Sonic: The first gaming chain on Solana, designed specifically for game development and operation. Total funding of $16 million, supported by Bitkraft Ventures, OKX Ventures, and others.

3. Hamster Kombat: A click-to-earn game that combines a cryptocurrency trading simulator. Total funding and investors undisclosed.

Meme

1. Pump.fun: A platform dedicated to creating and trading Meme tokens on the Solana blockchain. Total funding and investors undisclosed.

Prediction market

1. Polymarket: A decentralized prediction platform where users use cryptocurrency to bet on hot topics. Total funding of $74 million, backed by Founders Fund, Polychain, and others.

AI

1. Gensyn: A decentralized deep learning computing protocol aimed at establishing an AGI compute market. Total funding of $49.5 million, supported by a16z, Eden Block, and others.

DePIN

1. Ambient Network: A decentralized environmental monitoring infrastructure network that gathers global environmental data. Total funding of $2 million, backed by Borderless Capital, Solana Ventures, and others.

Privacy

1. Light Protocol: A Solana ecosystem privacy project that provides the most accessible privacy rails in the ecosystem. Total funding of $4.5 million, supported by Polychain, Solana Ventures, and others.

Infra

1. Kinto: Based on the OP Stack, focusing on providing secure financial service access. Total funding of $3.5 million, invested by The Spartan Group, ParaFi Capital, and others.

02 Second Half Outlook

Regarding the theme outlook for the second half of the year, the report mentions that institutional adoption will continue to increase, especially with the approval of a US spot BTC ETF attracting more institutional demand. Participation from traditional financial giants will attract more investors to explore the DeFi, NFT, and other areas.

The US macroeconomic situation is also worth continued attention. The November US presidential election may lead to market volatility, and the Federal Reserve is expected to cut interest rates in September, which could be favorable for the cryptocurrency market.

In terms of the race track, Bitcoin's scalability and DeFi are also evolving. Decentralized Physical Infrastructure Network (DePIN) and Decentralized Social Media (DeSoc) are expected to see further development.

The tokenization of Real-World Assets (RWA) has provided a strong use case for blockchain, and the tokenization of government bonds continues to attract attention, expected to provide new sources of income for investors.

Web3 game player numbers have reached a new high, with hyper-casual games attracting a large number of players. Projects will have more innovation in sustainable in-game economic solutions.

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