Binance Labs has invested in top projects from Most Valuable Builder [MVB] VII program
Binance Labs $BNB has invested in top-performing projects from the seven season of its Most Valuable Builder (MVB) program, an accelerator program focused on growing the BNB Chain ecosystem. The four high-performing projects in the latest season of MVB program include Aggregata, Opinion Labs, SideKick and Vooi.
Participants of the MVB accelerator program received personalized mentorship from experts at BNB Chain, CMC Labs, and Binance Labs, as well as access to the BNB Chain Launch-as-a-Service package. Previously, Binance Labs has introduced 13 projects from Most Valuable Builder VII Accelerator Program.
🔗 bnbchain.org/en/blog/binance-labs-invests-in-four-exceptional-projects-from-bnb-chains-mvb-season-7
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Top Blockchains by Number of Transactions in last 7 days
Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.
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Grayscale has launched a new investment trust focused on AVAX token
Grayscale has introduced an investment trust for the $AVAX token. This new investment vehicle aims to offer accredited investors exposure to AVAX, the native token of Avalanche's blockchain network.
The launch of Grayscale Avalanche Trust highlights Grayscale’s ongoing commitment to providing investors with innovative opportunities to access exciting developments in the crypto ecosystem.
Top BNB Chain Protocols by Total Value Locked
The total value of assets locked in BNB Chain $BNB is around $4.4B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on BNB Chain by current TVL in USD, in order to evaluate their adoption scale.
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Binance-backed restaking protocol Puffer has announced TGE in Q4 2024
Puffer Finance has introduced its roadmap, which states that TGE will take place in Q4 of 2024. In the coming weeks, Puffer will conduct rewards for validators and a testnet launch of UniFi. Moreover, other plans for Q4 include the ability to withdraw from the platform, launch a second version of Puffer, and launch AVS and UniFi on the mainnet.
Puffer is a native liquid restaking protocol ($1.34B in TVL), which is a combination of ETH liquid staking and native restaking on EigenLayer. It has raised $24.27M in five funding rounds backed by Lemniscap, Faction, Animoca Brands and received a strategic investment from Binance Labs.
🔗 x.com/puffer_finance/status/1826331327936737505
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Lympid [LYP] has integrated Chainlink’s tokenized asset infrastructure
Lympid $LYP partners with Chainlink $LINK, a provider of real-world data to blockchains, to bring the tokenized asset infrastructure to its RWA platform. By integrating the industry-standard Chainlink CCIP and proof of reserves, Lympid can offer a secure and composable method for accessing tokenized RWAs.
Previously, Lympid $LYP announced its token sale on Polkastarter. IDO price will be $0.12. Fully diluted valuation on IDO price is $12M.
Skyfire has raised $8.5M in a Seed funding round backed by Ripple
Skyfire, a financial stack designed for the AI economy, has raised $8.5M in a seed funding round. Investors in the round include Arrington Capital, Brevan Howard Digital, Sfermion, Circle, Draper Associates, Gemini, Ripple, FBG, ARCA, Neuberger Berman, RedBeard Ventures, and others.
Moreover, Skyfire has launched its payment network to enable fully autonomous transactions across AI Agents.
Story Protocol has raised $80M in a Series B funding round led by a16z crypto
PIP Labs, the developer of Story Protocol, has raised $80M in a Series B funding round led by a16z crypto. Other investors in the round include Polychain Capital, Hashed, Samsung Next, WME, dao5, Foresight Ventures, Mirana Ventures, Two Small Fish Ventures and SparkLabs Global.
Story's mainnet launch is expected later this year. The Layer 1 blockchain is being developed via Cosmos SDK and will be fully compatible with the Ethereum Virtual Machine (EVM).
Binance Labs-backed Xterio has announced XTER token generation event [TGE]
Xterio, a Web3 game developer and publisher, has unveiled XTER TGE, points dashboard, and NFT collections rewards. In the coming weeks, Xterio roll out our points dashboard, where users can track all Xterio ecosystem points earned across events like Meet your Anima, Arena, Forge, and more. As previously mentioned, these will be eligible for upcoming rewards.
Xterio offers a free-to-play gaming platform and a GameFi-as-a-service product that helps developer partners create third-party games. In 2022, Xterio has raised $40M in a funding round backed by FunPlus, Makers Fund and others. It has also received a $15M investment from Binance Labs.
🔗 x.com/XterioGames/status/1825936463923753453
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Sorella Labs has raised $7.5M in a Seed funding round led by Paradigm
Sorella Labs has raised $7.5M in a seed funding round led by Paradigm. Other investors in the round include Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent. Sorella Labs is developing tools to tackle Ethereum's maximum extractable value (MEV) issue. To help prevent such MEV losses, Sorella Labs is working on two tools — Brontes, an open-source blockchain analytics tool that processes Ethereum blocks, and Angstrom, a Uniswap V4 hook.
🔗 theblock.co/post/312222/paradigm-sorella-labs-ethereum-mev-problem
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YeagerAI has raised $7.5M in a Seed funding round led by North Island Ventures
YeagerAI, the development company behind the decentralized artificial intelligence network GenLayer, has closed a $7.5M seed funding round led by North Island Ventures. Other investors in the round include Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, and Arthur Hayes’s Maelstrom.
GenLayer uses non-deterministic smart contracts and a bespoke delegated proof-of-stake algorithm to enable new types of applications that interact with real-time information.
Top 10 Derivatives DEXes by Total Value Locked
Users are gravitating towards derivatives DEXes due to fall of FTX and the need for self-custodian practices now. Let’s compare the top 10 derivatives DEXes by current TVL in USD include Jupiter, Hyperliquid, GMX, dYdX, Drift Protocol, Vertex, ApeX, Wasabi, Astherus and Aevo according to DefiLlama.com.
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Binance Labs-backed DIN has raised $4M in a Pre-listing funding round
DIN (ex-Web3Go), a modular AI-native data pre-processing layer, secured $4M in a pre-listing funding round. Investors included Ankr, Manta Network, Moonbeam Network, and Maxx Capital. Previously, DIN participated in the first batch of projects in the BNB Chain Airdrop Alliance Program.
DIN is a data intelligence network offering AI-native digital asset tools and real-time data infrastructure. In 2023, it raised $4M in a seed funding round backed by Binance Labs, Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings and Archerman Capital.
🔗 x.com/din_lol_/status/1825843415424377203
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Top Exchanges by Liquidations in last 7 days
The vast majority of the casualties were long positions last days, with more than $760M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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Fabric Cryptography has raised $33M in a Series A funding round co-led by Blockchain Capital and 1kx
Fabric Cryptography, a startup focused on hardware, has secured $33M in a Series A fundraising round co-led by Blockchain Capital and 1kx. Other participating investors included Offchain Labs, Polygon and Matter Labs. Fabric is developing new computing chips to handle the rising use of AI – with its heavy demand for fast computation from graphics processing units, or GPUs – as well as cryptography-intensive blockchain applications. Previously, it raised $6M in a pre-seed funding round backed by Master Ventures, Nil, Inflection and others.
🔗 coindesk.com/tech/2024/08/19/fabric-startup-building-vpu-chips-for-cryptography-raises-33m
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Magic Eden has announced upcoming launch of ME token
NFT marketplace Magic Eden will adopt the forthcoming utility token called $ME, which is being developed by the ME Foundation and will be launched at a later date. $ME will be an ecosystem and utility token for consumers to use on Magic Eden, in addition to potential utilization in third-party protocols. Moreover, $ME tokens will enable cross-chain trading on the Solana-based Magic Eden platform.
Magic Eden is a multi-chain NFT, inscriptions and Runes marketplace. Previously, it raised $160M in three funding rounds backed by Electric Capital, Paradigm, Sequoia Capital, Solana Ventures and Lightspeed Venture.
🔗 x.com/MeFndn/status/1826621433138524191
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XION launches Chain Abstraction for MultiversX [EGLD]
XION is integrating with MultiversX, bringing Chain Abstraction to MultiversX’s growing ecosystem of Sovereign Chains. By integrating XION's Chain Abstraction, Sovereign Chain builders will be able to offer their users the opportunity to initiate cross-chain transactions and engage with applications across other major ecosystems XION has integrated with, such as Solana, BNB Chain, AVAX, SAGA, Injective, Neutron, and Hyperlane.
Sovereign Chain builders will also be able to grow by leveraging XION’s active user base of over 3M as XION users will have unbridled access to the wide range of novel applications built on MultiversX.
SatLayer has raised $8M in a Pre-Seed funding round co-led by Hack VC and Castle Island Ventures
SatLayer has secured $8M in a pre-seed funding round co-led by Hack VC and Castle Island Ventures. Other investors in the round include Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, and CMS Holdings.
With SatLayer, users can now restake their Bitcoin and Bitcoin liquid-staking tokens that are minted on Solv Protocol, Lombard, Bedrock, pStake and PumpBTC and use secure BVSs.
Stork Network has raised $4M in a Seed funding round led by Lightspeed Faction
Stork Network, a Web3 oracle provider, $4M in a seed funding round led by Lightspeed Faction. Other investors in the round include Lattice, CMS and Wintermute. Stork Network aims to create easier, cheaper and more flexible on-chain data options for decentralized protocols.
One tool the firm is developing for this is The Open Data Market which connects data publishers with protocols, decentralized applications and other data consumers through a Composite Oracle Service.
🔗 theblock.co/post/312521/web3-oracle-provider-stork-network-raises-4-million-in-seed-funding
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KIP Protocol [KIP] has announced a partnership with Nuklai [NAI]
KIP Protocol $KIP has teamed up with Nuklai $NAI, a Layer 1 blockchain infrastructure provider for data economies. By incorporating Nuklai’s data expertise, the partnership enhances the development of AI-ready KBs, ultimately benefiting businesses, researchers, and AI value creators. Nuklai’s integration into KIP enhances the quality and accessibility of data for AI training and knowledge base development.
KIP Protocol is an open-source Web3 framework designed to facilitate the creation, management and monetization of decentralized knowledge assets for AI applications. It has raised $5M in a funding round backed by Animoca Ventures, Tribe Capital, GBV Capital, Morningstar Ventures, DWF Ventures, Kyros Ventures, K300 Ventures, New Tribe Capital, and ZBS Capital.
🔗 kip.pro/blog-posts/nuklai-partnership
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Base derivatives protocol BSX has raised $6.2M in Pre-Seed and Seed funding rounds
BSX Exchange has raised $6.2M in pre-seed and seed funding rounds. The latest seed round, worth $4M, was led by Blockchain Capital. The pre-seed round, which raised $2.2M a year ago, is being announced together with the seed round. Investors across the two rounds include Base, Bankless Ventures, No Limit Holdings, Cadenza Ventures, CMS, Breed VC and Maelstrom.
BSX also plans to launch a Layer 3 network on Base to optimize the on-chain BSX order book. The BSX token is expected to launch around November or December.
Top Blockchains by Commits and Development Activity in last 7 days
Let’s compare the top blockchains by GitHub commits and active developers in last 7 days, according to artemis.xyz, in order to evaluate their current development activity.
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Top 10 Lending Protocols by Total Value Locked
The total value of assets locked in DeFi lending protocols is around $32B, according to DefiLlama.com. Let’s compare the Top lending protocols by current TVL in USD, in order to evaluate their adoption scale.
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zkMe has raised $4M in a Seed funding round led by Multicoin Capital
zkMe has secured $4M in a seed round led by Multicoin Capital. Other investors in the round included OKX Ventures and Robot Ventures. The funding will go towards the continual development of the proprietary appchain zkMe Network, which is expected to launch by the end of 2024.
zkMe is a provider of zero-knowledge (ZK) identity verification solutions for Web3 developers. In 2023, it raised $2M in a pre-seed funding round backed by Spartan Group, Circle, CMS Holdings, Fenbushi Capital and others.
🔗 blog.zk.me/zkme-secures-4m-from-multicoin-capital-to-build-fatf-and-mica-compliant-identity-solution-for-web3-applications
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Dogs [DOGS] farming will be launched on Binance Launchpool on August 23th
Farming of $DOGS tokens will be launched on Binance Launchpool. Users will be able to stake their BNB and FDUSD tokens into separate pools to farm $NOT over 3 days, starting August 23th. 22B $DOGS (4% of total token supply) will be offered on Launchpool: 18.7B $DOGS in rewards (85%) will be offered to $BNB stakers, 3.3B $DOGS (15%) to $FDUSD.
Binance will list token on August 26th, at 12:00 UTC. Initial circulating supply when listed on Binance is 517B DOGS (94% of total token supply)
Clearpool [CPOOL] has introduced an Optimism-based L2 for RWA yield - Ozean
Clearpool $CPOOL is developing Ozean, a Layer 2 blockchain for RWA yield, operating within the Optimism ecosystem. Ozean is based on OP Stack and developed using Caldera’s rollup-as-a-service platform. The blockchain plans to integrate real-world assets into DeFi in a compliant offering that provides native on-chain yield through a new staking mechanism using the $CPOOL token.
Clearpool has also introduced a stablecoin, USDX, and a yield-bearing stablecoin, ozUSD, to facilitate an automatic yield-rebasing asset that passes rewards directly to users.
Binance Labs has invested in a yield network built around Bitcoin - Corn
Binance Labs invests in Corn, the first super yield network built around Bitcoin $BTC. Corn is an Ethereum Layer 2 network focused on establishing a DeFi hub for Bitcoin. Moreover, Corn has introduced BTCN, a hybrid tokenized Bitcoin that enhances Bitcoin's use in DeFi.
BTCN incorporates multiple custodians, smart contracts, and bridging protocols, providing a more secure, scalable, and versatile solution. This hybrid approach ensures Bitcoin holders can manage their assets according to their risk preferences while utilizing them across various DeFi apps.
🔗 binance.com/en/blog/ecosystem/binance-labs-invests-in-corn-to-simplify-bitcoins-use-in-decentralized-finance-434033995593822840
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Soulbound has raised $4M in a funding round for Web3 social gaming ecosystem
Souldbound, a Web3 player profile, and social platform, has secured $4M in a funding round for its Web3 social gaming ecosystem. Investors in the round include iAngels, Animoca Brands, Big Brain Holdings, NGC Ventures, Panony, Delta Blockchain Fund and others.
The team is currently implementing a Twitch livestream integration for Soulbound-partnered games and continuing to improve user experience.
Gate Ventures launches $100M Web3 fund in collaboration with Abu Dhabi Blockchain Center
Gate Ventures and Blockchain Center in Abu Dhabi announced the launch of Falcon Gate Ventures, a $100M fund dedicated to advancing global blockchain innovation. This partnership aims to support and accelerate the development of decentralized technologies and applications across key regions worldwide. Falcon Gate Ventures will focus on investing in high-potential Web3 projects and supporting educational and research initiatives.
Apart from financial backing, the fund aims to foster a collaborative ecosystem that fosters global talent and technological innovation. The focus will be on regions including the United States, Asia, Europe, and the Middle East/North Africa area.
🔗 x.com/gate_ventures/status/1825465385216311480
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Tether is launching USDT on Aptos blockchain
Stablecoin issuer Tether will launch $USDT on Layer 1 blockchain Aptos. This integration is part of Tether’s broader strategy to make digital currency more accessible and useful globally, capitalizing on Aptos’ advanced blockchain technology and exceptional speed and scalability. $USDT integration on the Aptos blockchain will also bring the advantage of extremely low gas fees.
🔗 tether.io/news/tether-usd%E2%82%AE-to-launch-on-aptos-blockchain
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