🚨 Binance's half-year report, released on July 16, is flying under the radar, but it highlights several projects they’re backing for the future. Historically, Binance-backed projects tend to perform very well. Here are some key mentions:
1. Venus Protocol ($XVS): Leading DeFi dApp on BNB Chain with $1.4B TVL.
- Price: $7.46 | Market Cap: $119M
2. Jupiter Exchange ($JUP): Major DEX on Solana, key to reducing fees and increasing volume.
- Price: $1.14 | Market Cap: $1.5B
3. APX Finance ($APX): Top DEX for crypto derivatives on BNB and opBNB.
- Price: $0.045 | Market Cap: $20M
4. Ambient Network ($AMB): Web3 environmental monitoring protocol, backed by Solana Ventures. No token yet.
5. Berachain ($BERA): EVM-compatible L1 chain, built on Cosmos SDK. No token yet.
6. Helium ($HNT): Decentralized IoT network, highlighted as a top DePIN protocol.
- Price: $5.38 | Market Cap: $864M
7. KiloEx ($KILO): Perpetual DEX on BNB and opBNB. Participate in their campaign for potential rewards.
8. Render Network ($RENDER): Distributed GPU rendering network on Solana, crucial for AI infrastructure.
- Price: $6.75 | Market Cap: $2.6B
9. PancakeSwap ($CAKE): Leading DeFi dApp on Binance ecosystem.
- Price: $2.0 | Market Cap: $481M
10. NEAR Protocol ($NEAR): Community-run cloud computing platform with a focus on Crypto AI.
- Price: $5.86 | Market Cap: $6.4B
11. Drift Protocol ($DRIFT): On-chain DEX on Solana with plans for Twitter-based trading.
- Price: $0.4 | Market Cap: $73M
12. Meteora ($MET): DeFi primitives for Solana, potential future rewards by interacting with liquidity pools.
13. XAI Games ($XAI): Layer 3 solution for AAA gaming on Arbitrum.
- Price: $0.34 | Market Cap: $95M
14. Tensor ($TNSR): Largest NFT marketplace on Solana, promising due to its airdrop model.
- Price: $0.5 | Market Cap: $63M
For more details, check out the full report: [Binance Research](https://www.binance.com/en/research/analysis/half-year-report-2024)