Author: Biteye core contributor Viee
Editor: Biteye core contributor Crush
On Tuesday, Dubai will welcome the annual event - Binance Blockchain Week. This event will be held in Dubai from October 30 to 31, 2024, with the theme "Momentum".
Binance Blockchain Week recently announced 12 forward-looking projects that have shown potential and innovation in the fields of modularity, re-staking, DeFi, and Layer 2, and will be promoted at the event.
As one of the largest Web3 events globally, the developments of Binance Blockchain Week are worth following. This article will introduce these 12 projects one by one to provide a reference for everyone.
01 Movement @movementlabsxyz
Total Funding: $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 seen 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 re-entry attacks, thereby improving the security of crypto assets, and can solve some limitations of existing smart contract languages (such as Solidity).
Participation: Incentivized testnet activity Movedrop
02 Puffer Finance @puffer_finance
Total Funding: $24.15 million, invested by Binance Labs, Electric Capital, BH Digital, etc.
Introduction: Puffer Finance is a decentralized native liquidity re-staking protocol built on Ethereum. Puffer Finance provides a series of innovative products, including Liquidity Re-Staking (LRT) and Rollup-based solutions, aiming to promote liquidity and application development in the Ethereum ecosystem. In addition, Puffer Finance has also launched PufferDAO, which grants governance rights to the community to ensure the transparency and decentralization of the project.
Participation: Already issued tokens, can participate in the second season staking airdrop activity
03 Solayer @solayer_labs
Total Funding: $12 million, invested by Polychain, Binance Labs, Hack VC, etc.
Introduction: Solayer is a decentralized re-staking network based on Solana, aiming to enhance the bandwidth of decentralized applications (dApps) and the security of Layer 1 through the re-staking mechanism. Users can re-lock their staked SOL assets on Solayer, similar to the EigenLayer on Ethereum. Since its launch in June 2024, Solayer has risen rapidly in the Solana ecosystem, reaching a total locked value (TVL) of $150 million in just two months, becoming the 13th largest protocol on Solana.
Participation: Second season staking incentive activity (eligible for screening before participating)
04 UXUY @uxuycom
Total Funding: $11.2 million, invested by Binance Labs, Bixin Ventures, Waterdrip Capital, etc.
Introduction: UXUY is a decentralized multi-chain trading platform, aiming to provide users with a Telegram-based multi-chain wallet and DApp application center, supporting Bitcoin, Ethereum, Solana, TRON, and TON, among other chains. UXUY's goal is to bring the 900 million 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 a single platform.
Participation: Create an UXUY Telegram wallet to earn BTC rewards
05 aPriori @aprMEV
Total Funding: $10.7 million, invested by Binance Labs, OKX Ventures, Pantera Capital, etc.
Introduction: aPriori is a platform focused on miner-extractable value (MEV)-driven liquid staking solutions, built on the Monad network. Monad is an Ethereum-compatible Layer 1 smart contract platform aimed at providing high-performance parallel processing capabilities. aPriori's innovative probabilistic verification design greatly reduces latency and maximizes adaptation to Monad's high performance.
Participation: Participate in community interactions, and the liquid staking protocol will be launched on the Monad testnet later
06 MilkyWay @milky_way_zone
Total Funding: $5 million, invested by Binance Labs, Polychain, Hack VC, etc.
Introduction: MilkyWay aims to become the center of modular re-staking. It coordinates security through LST (Liquid Staking Tokens), re-staking, and AVS (Asset Verification Service) management. MilkyWay's goal is to provide crypto-economic security for the modular ecosystem and create yields for users. It is referred to as the "modular staking gateway".
Participation: Already snapshot
07 Zerobase @zerobasezk
Total Funding: $5 million, invested by Binance Labs, IDG Capital, etc.
Introduction: Zerobase is a zero-knowledge (ZK) project aimed at building the world's fastest proof network (Prover Network), improving speed, cost, security, and privacy. Zerobase's features include a proof generation time of only 300 milliseconds per proof, a cost as low as $1, and support for trusted execution environments (TEE), making its technology reliable in terms of network security. The project hopes to promote the adoption of ZK technology by incentivizing retail users to become node operators and stakers, allowing more people to participate in the network. In addition, Zerobase plans to integrate the zkLogin framework into the SOON platform to provide a smoother and more privacy-focused login experience, ensuring the protection of users' sensitive data (such as OpenID, avatar, and email).
08 Zest Protocol @ZestProtocol
Total Funding: $3.5 million, invested by Binance Labs, Trust Machines, etc.
Introduction: Zest Protocol is a decentralized finance (DeFi) protocol designed specifically for Bitcoin, aiming to provide yield-generating lending services for Bitcoin holders. The protocol allows users to borrow and earn yields on the Bitcoin network, utilizing Bitcoin's Layer 2 technology Stacks and the 1:1 pegged asset sBTC to achieve this goal. Zest Protocol also offers some unique features, such as allowing users to earn up to 65% annual percentage yield (APY) by depositing different assets (such as STX and USDC). Furthermore, Zest Protocol plans to launch new yield products, such as BTCz, combining Babylon's yield generation and Stacks' security.
Participation: Earn points by borrowing through the Stacks network, deposit BTC to earn, Zealy activity
09 KiloEx @KiloEx_perp
Total Funding: Undisclosed amount, invested by Foresight Ventures, Binance Labs, etc.
Introduction: KiloEx is a decentralized exchange (DEX) focused on perpetual contract trading, aiming 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, ensuring the stability and reliability of the trades.
Participation: Official multi-chain trading competition, community trading competition, Manta joint activity
10 OpenEden @OpenEden_Labs
Total Funding: Undisclosed amount, invested by Binance Labs
Introduction: OpenEden is a platform focused on the tokenization of real-world assets (RWA), with its flagship product being the tokenized US Treasury bond fund (TBILL), allowing users to invest in low-risk US Treasuries 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 already accumulated over $100 million in total value locked (TVL) and plans to further expand its influence in the DeFi ecosystem through collaborations with payment companies, decentralized finance (DeFi) protocols, and crypto wallets.
11 StakeStone @Stake_Stone
Total Funding: Undisclosed amount, invested by Binance Labs, OKX Ventures, Skyland Ventures, etc.
Introduction: A full-chain liquid staking protocol, aiming to provide native staking rewards and liquidity for Layer 2 networks. StakeStone's core product STONE is a liquid Ethereum (ETH) with compatibility and stability, and manages the underlying assets of STONE through an Optimized Portfolio Allocation Proposal (OPAP) mechanism, ensuring any asset adjustments require public notice, on-chain voting, and final execution by smart contract. To date, StakeStone has processed over 200,000 staking and unstaking transactions, demonstrating its market activity and user base.
Participation: Stake on the official website to earn points and rewards
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, aiming to provide faster, cheaper, and more secure transactions. Its key features include Ethereum Virtual Machine (EVM) compatibility, AI-driven sequencer-level security, and top-notch zero-knowledge performance. Zircuit's design philosophy is to enhance its security through parallel circuits and AI technology, providing users with a more efficient blockchain experience.
Participation: Tokens have been issued, and users can participate in the second season airdrop staking activity.
