Binance Blockchain Week Kicks Off, How to Get Involved in Its Revealed 12 Forward-Looking Projects?

Original Article Title: "Unveiling! How to Participate in 12 Projects Key Invested by Binance"

Original Article Authors: Viee, Biteye

Next Tuesday, Dubai is about to host its annual event — Binance Blockchain Week. The event is set to take place in Dubai on October 30-31, 2024, under the theme "Momentum."

Binance Blockchain Week recently announced 12 forward-looking projects that have shown potential and innovation in areas such as modularity, re-staking, DeFi, Layer 2, and will be promoted at the event.

As one of the world's largest Web3 events, Binance Blockchain Week's developments are worth paying attention to. This article will introduce these 12 projects one by one for your reference.

01Movement  @movementlabsxyz

Total Funding: $41.4 million, backed by Binance Labs, Polychain, Hack VC, among others

Introduction: Movement is a modular blockchain project based on the Move programming language, developed by Movement Labs. Movement is considered the first Move-EVM Layer 2 solution for Ethereum, aimed at providing developers with a secure, 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 enhancing the security of digital assets. It addresses some limitations of existing smart contract languages like Solidity.

Participation: Incentivized Testnet Event Movedrop

02Puffer Finance  @puffer_finance

Total Funding: $24.15 million, backed by Binance Labs, Electric Capital, BH Digital, among others

Introduction: Puffer Finance is 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, designed to promote liquidity and application development in the Ethereum ecosystem. Additionally, Puffer Finance has launched PufferDAO, empowering community governance to ensure project transparency and decentralization.

Participation: Token issued, eligible for Season 2 airdrop staking event

03Solayer @solayer_labs

Total Funding: $12 million, backed by Polychain, Binance Labs, Hack VC, among others

Introduction: A Solana-based decentralized re-staking network that aims to enhance the bandwidth of decentralized applications (dApps) and Layer 1 security through a restaking mechanism. Users can restake their staked SOL assets on Solayer, operating similarly to Ethereum's EigenLayer. Since its launch in June 2024, Solayer has rapidly grown within the Solana ecosystem, reaching a total value locked (TVL) of $1.5 billion within just two months, making it the 13th largest protocol on Solana.

Participation: Season 2 Staking Incentive Event (qualification required prior to participation)

04UXUY @uxuycom

Total Funding: $11.2 million, backed by Binance Labs, Bixin Ventures, Waterdrip Capital, among others

Introduction: A decentralized multi-chain trading platform that aims to provide users with a Telegram-based multi-chain wallet and DApp hub, supporting multiple chains including Bitcoin, Ethereum, Solana, TRON, and TON. UXUY aims to onboard the 9 billion Telegram users into the multi-chain crypto ecosystem, providing convenient cross-chain transactions and various financial services. For example, the UXUY wallet allows users to easily manage and trade different crypto assets on one platform.

Participation: Create UXUY Telegram wallet to earn BTC rewards

05aPriori @aprMEV

Total Funding: $10.7 million, backed by Binance Labs, OKX Ventures, Pantera Capital, among others

Introduction: A platform focusing on Miner Extractable Value (MEV)-driven liquidity staking solutions, built on the Monad network. Monad is an Ethereum-compatible Layer 1 smart contract platform designed to provide high-performance parallel processing capabilities. aPriori's innovative probability verification design significantly reduces latency, maximizing compatibility with Monad's high performance.

Participation: Engage in community interaction, and a liquidity staking protocol will be launched on the Monad testnet

06MilkyWay @milky_way_zone

Total Funding: $5 million, invested by Binance Labs, Polychain, Hack VC, among others

Introduction: MilkyWay aims to be a hub for modular liquid staking. It coordinates security through LST (Liquidity Staking Tokens), liquid staking, and AVS (Asset Verification Services) management. MilkyWay's goal is to provide cryptoeconomic security for the modular ecosystem and generate rewards for users. It is referred to as the "Modular Staking Gateway."

Participation: Snapshot completed

07Zerobase @zerobasezk

Total Funding: $5 million, invested by Binance Labs, IDG Capital, among others

Introduction: A zero-knowledge proof (ZK) project aiming to build the world's fastest proof network (Prover Network), enhancing 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 aims to drive ZK technology adoption by incentivizing retail users to become node operators and stakers, encouraging more participation in the network. Furthermore, 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 email addresses).

08Zest Protocol @ZestProtocol

Total Funding: $3.5 million, invested by Binance Labs, Trust Machines, among others

Introduction: A decentralized finance (DeFi) protocol designed for Bitcoin, aiming to provide returns to Bitcoin holders through on-chain lending services. The protocol allows users to borrow and earn on the Bitcoin network, leveraging Bitcoin's Layer 2 Stacks technology and sBTC, an asset pegged 1:1 to Bitcoin, to achieve this goal. Zest Protocol also offers some unique features, such as users being able to earn up to 65% APY by depositing different assets (such as STX and USDC). Additionally, Zest Protocol plans to launch new yield products like BTCz, combining Babylon's yield generation with Stacks' security.

Participation: Earn points through Stacks network lending, deposit through the BTC network, Zealy event

09KiloEx @KiloEx_perp

Total Funding: Undisclosed amount, backed by Foresight Ventures, Binance Labs, and others

Description: A decentralized exchange (DEX) focusing on perpetual contract trading, aiming to provide users with a user-friendly trading experience. KiloEx supports multiple blockchains including BNB Chain, opBNB, Manta, Taiko, and Base. KiloEx utilizes a fee basis point to anchor perpetual contract prices to spot prices, ensuring trading stability and reliability.

Participation: Official cross-chain trading competition, community trading competitions, Manta collaborative events

10OpenEden @OpenEden_Labs

Total Funding: Undisclosed amount, backed by Binance Labs

Description: A platform focusing on real-world asset (RWA) tokenization, with its flagship product being tokenized U.S. Treasury Bill (TBILL), allowing users to invest in low-risk U.S. Treasury bills through blockchain technology. OpenEden is the first and only tokenized Treasury bill product to receive an "A" rating from Moody's, providing it with higher credibility and appeal. It has accumulated over $100 million in total value locked (TVL) and plans to further expand its influence in the DeFi ecosystem through partnerships with payment companies, DeFi protocols, and crypto wallets.

11StakeStone @Stake_Stone

Total Funding: Undisclosed amount, backed by Binance Labs, OKX Ventures, Skyland Ventures, and others

Description: A full-chain liquidity staking protocol designed to provide native staking rewards and liquidity for Layer 2 networks. StakeStone's core product, STONE, is an Ethereum (ETH) fork with compatibility and stability. Through the Optimized Portfolio and Allocation Proposal (OPAP) mechanism, STONE's underlying assets are managed, ensuring that any asset adjustments require public notice, on-chain voting, and smart contract final execution. To date, StakeStone has processed over 200,000 staking and unstaking transactions, demonstrating its market activity and user base.

Participation: Official website staking to earn points and rewards

12Zircuit @ZircuitL2

Total Funding: Amount undisclosed, backed by Binance Labs, Pantera Capital, Dragonfly, among others

Introduction: A Layer 2 network built on Ethereum using the zkRollup protocol, aiming to provide faster, cheaper, and more secure transactions. Its key features include compatibility with the Ethereum Virtual Machine (EVM), AI-driven sequencer-level security, and top-notch zero-knowledge performance. Zircuit is designed to enhance its security through parallel circuits and AI technology to offer users a more efficient blockchain experience.

Participation: Launched token, eligible for participation in Season 2 airdrop staking event

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