. Binance pushes layer-2
#Binance Labs, the VC arm of Binance, announced in the last few hours that it has invested in #Zircuit , a layer-2 solution of #ETHEREUM which aims to combine new network scalability technologies with artificial intelligence (in relation to security protection of the protocol).
The story only underlines once again how much the exchange is betting on the L2 sector, which apparently seems to promise important returns in the event of a new upward market cycle. Confidence is therefore also in the growth of the Ethereum ecosystem, waiting for the new spot ETFs and still continually being renewed, as demonstrated in recent months by the Dencun update.
In the past, for example, we had reported Binance's interest in dex #AEVO , which indirectly revealed the cex's optimism towards the development of new L2 solutions.
The amount of the investment has not yet been revealed, but it will certainly be significant and in the order of millions of dollars for a protocol already supported by relevant industry players, starting with Pantera Capital.
Furthermore, Binance's action in this field has demonstrated several times how decisive it can be for the projects it finances. Binance Labs today enjoys a $10 billion portfolio and 250 projects that have enjoyed its momentum.
