🌐 "Binance Labs has a track record of picking winners—here are the 2024 projects you need to know about!"🌐
🚀 Let's take a sneak peek at these Projects in this thread ⬇️🧵
1️⃣ LayerZero (ZRO): LayerZero is an interoperability protocol that enables secure communication between blockchains. Using Ultra Light Nodes (ULNs) and decentralized verifier networks (DVNs), it facilitates seamless data transfer across networks. The ZRO token plays a key role in governance and security. #Interoperability #Blockchain #LayerZero
2️⃣ Ethena (ENA): Ethena introduces USDe, a synthetic dollar backed by crypto assets like ETH, BTC, and USDT. Unlike traditional stablecoins, USDe uses a delta-hedging mechanism to manage risks without relying on traditional financial infrastructure. The native token, ENA, is used for governance and rewards, offering a stable and scalable currency within the crypto space. #DeFi #Stablecoin #Ethena
3️⃣ Aevo (AEVO): Aevo is a decentralized derivatives exchange offering a secure platform for trading financial instruments. By eliminating intermediaries, Aevo reduces costs and ensures transparent trading. The platform supports a wide range of assets and caters to both retail and institutional traders. #Derivatives #DeFi #Aevo
4️⃣ Gravity (G): Gravity is a cross-chain oracle and communication network connecting different blockchain ecosystems. It ensures reliable data feeds and enhances interoperability, playing a crucial role in DeFi and other blockchain-based services. #Gravity #CrossChain #Oracle
5️⃣ Manta Network (MANTA): Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications. Manta offers two networks:
• Manta Pacific, the unique L2 ecosystem on Ethereum for EVM-native ZK applications.
• Manta Atlantic, the fastest ZK L1 chain on Polkadot, brings programmable identities and credentials to web3 through zkSBTs.
Together, Manta Pacific and Manta Atlantic deliver an unparalleled experience for the next generation of web3 application development and adoption with the applied usage of zero-knowledge cryptography. #Privacy #DeFi #MantaNetwork
6️⃣ Altlayer (ALT): Altlayer is an open and decentralized protocol aimed at enhancing security, decentralization, and interoperability of existing rollups. It introduces Restaked rollups, combining ease of use with EigenLayer’s restaking mechanism. Altlayer offers a no-code Rollups-as-a-Service (RaaS) launchpad, enabling quick and customizable rollup creation for dApp developers. #DeFi #Rollups #Altlayer
7️⃣ BounceBit (BB): BounceBit is a Bitcoin staking protocol that combines DeFi and CeFi yield mechanisms. It offers various methods for Bitcoin holders to earn staking rewards, including restaking across networks. With a dual-token system, BounceBit ensures deep liquidity and lower volatility, featuring EVM compatibility and a web3 universe for new project development. #Bitcoin #DeFi #BounceBit
8️⃣ Lista DAO (LISTA): Lista DAO is a decentralized autonomous organization focused on DeFi project development. It provides a platform for launching and governing DeFi apps, leveraging community intelligence. Lista DAO promotes innovation and collaboration, with a token-based governance system for stakeholder participation in decision-making. #DeFi #DAO #ListaDAO
9️⃣ Renzo (REZ): Renzo is a liquidity restaking protocol within the EigenLayer ecosystem, optimizing staking rewards through operator nodes and smart contracts. It simplifies user interaction with sidechains and bridges via an intuitive interface. The governance token, REZ, empowers holders in key governance decisions like risk management and financial allocations. Renzo focuses on liquid restaking tokens like ezETH, enhancing economic security and offering higher yields. #DeFi #Staking #Renzo
Conclusion: The next crypto unicorn could be one of Binance Labs’ 2024 investments, now listed and ready to trade on Binance. These projects highlight the diversity and innovation within the blockchain and DeFi space, offering solutions & Investment opportunity to everyone.
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#ENAUSDT🚨 #AEVOLAUNCHPOOL #Gravity #MantaRWA #ALTUSDT $ZRO
$LISTA
$BB