Author: Biteye, Core Contributor Viee
Editor: Biteye, Core Contributor Crush
Dubai will welcome the annual Binance Blockchain Week event on Tuesday. The event will be held in Dubai from October 30 to 31, 2024, with the theme "Momentum".
Binance Blockchain Week has 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 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 the audience.
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 reentrancy attacks, thereby improving the security of crypto assets, and can address some limitations of existing smart contract languages like 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 liquid staking protocol built on Ethereum. Puffer Finance offers a series of innovative products, including Liquid Staking (LRT) and Rollup-based solutions, aiming to promote liquidity and application development in the Ethereum ecosystem. In addition, Puffer Finance has launched PufferDAO, which grants governance rights to the community to ensure the project's transparency and decentralization.
Participation: Tokens have been issued, and you 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 liquid staking network based on Solana, aiming to enhance the bandwidth of decentralized applications (dApps) and the security of Layer 1 through a liquid staking mechanism. Users can re-stake their staked SOL assets on Solayer, similar to Ethereum's EigenLayer. Since its launch in June 2024, Solayer has quickly risen in the Solana ecosystem, reaching a total locked value (TVL) of $150 million in just two months, making it the 13th largest protocol on Solana.
Participation: Second season staking incentive activity (eligible for pre-screening)
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 that aims to provide users with a Telegram-based multi-chain wallet and DApp center, supporting Bitcoin, Ethereum, Solana, TRON, and TON. 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 significantly reduces latency and is highly optimized for 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: Snapshot has been taken
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, 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 drive the adoption of ZK technology by incentivizing retail users to become node operators and stakers, allowing more people to participate in the network. Additionally, 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 sBTC, an asset pegged 1:1 to Bitcoin. Zest Protocol also offers unique features, such as allowing users to earn up to 65% APY by depositing different assets like 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 lending through the Stacks network, deposit BTC on the BTC network, and participate in Zealy activities.
09 KiloEx @KiloEx_perp
Total Funding: Undisclosed, 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 utilizes 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 activities
10 OpenEden @OpenEden_Labs
Total Funding: Undisclosed, 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 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 partnerships with payment companies, DeFi protocols, and crypto wallets.
11 StakeStone @Stake_Stone
Total Funding: Undisclosed amount, invested by Binance Labs, OKX Ventures, Skyland Ventures, etc.
Introduction: A cross-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 @Zircuit L2
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 you can participate in the second season staking airdrop activity.
