Binance Labs, the investment arm of Binance, recently added four promising altcoin projects to its Season 7 incubation program.
The initiative aims to support and foster innovation in the web3.
It is important to note that while #Binance Labs will provide extensive guidance and resources to these projects, this does not automatically mean a direct financial investment from Binance. The program aims to support early-stage projects through customized training programs and access to the Binance ecosystem.
Astherus: According to DeFiLlama, Astherus, a liquidity hub for listed assets, is the largest derivatives trading project on the BNB network with total #blockchain assets of $81.79 million. X (formerly Twitter) has 6,000 social media users. X (formerly Twitter) has 6,000 social media users but has a significant niche presence.
Cycle Network: this project aims to increase blockchain interoperability by creating a bridge-less aggregated liquidity network that operates at multiple layers of the blockchain, including both layer 1 and layer 2. Network X has about 127,000 registered users. and its first product, PiggyBank, has attracted 300,000 users.
Dill: Dill is known for its scalability in terms of data availability and has about 41,000 subscribers. The round, led by Find Satoshi Ventures, has attracted various well-known cryptocurrency players, but specific financial details have not been disclosed. No specific financial details have been disclosed.
EigenExplorer: part of the EigenLayer ecosystem, this project has the smallest social media footprint, with only 840 X subscribers and debuted in April 2024. Despite its limited presence, EigenExplorer is part of the growing #BTC landscape.
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