Original title: "Biteye reveals! The wealth code of Binance's latest research report"

Original author: Viee, Biteye

Recently, Binance released a research report for the first half of 2024, which not only summarized the industry development in the past six months, but also made predictions for the cryptocurrency market in the second half of the year! Biteye sorted out the unissued projects mentioned in the report for your reference.

01 Project Inventory

Layer1

1. Berachain: An L1 public chain built on Cosmos SDK and compatible with EVM. Total financing of US$142 million, invested by Polychain, OKX Ventures, etc.

2. Hyperliquid:An L1 blockchain that combines the advantages of CEX and DeFi, including a DEX with more than 100 Perps and native Spot.

DeFi

1. Babylon:A leading project in the Bitcoin ecosystem and the largest staking infrastructure for Bitcoin. Total financing of $96 million, invested by Paradigm, Binance Labs, etc.

2. Morpho:Enables users to borrow and lend, and creates independent lending markets without permission. Total financing of $68 million, invested by a16z, Variant Fund, etc.

3. Karak:A universal re-staking network, similar to re-staking projects such as Eigenlayer. Total financing of $51.3 million, invested by Pantera Capital, Framework Ventures, etc.

4. Synfutures:A decentralized derivatives exchange that pioneered a license-free contract market model with a total financing of $37.4 million, invested by Pantera Capital, Polychain, etc.

5. Symbiotic:A universal re-staking system, a permissionless shared security protocol. Total financing of $5.8 million, invested by Paradigm, Cyber Fund, etc.

6. Citrea:The first ZK Rollup project in the Bitcoin ecosystem. Total financing of $2.7 million, invested by Galaxy, Delphi Digital, etc.

7. Solayer:A re-staking protocol for the Solana ecosystem, which can obtain benefits such as POS, MEV, and AVS. Total financing has not been disclosed, invested by Binance Labs.

ZK/L2

1. Scroll:Ethereum's native zkEVM Layer2, based on ZK-rollup. Total financing of $80 million, invested by Paradigm, OKX Ventures, etc.

2. Linea: An EVM-compatible layer2 developed by Consensys and using Zk-rollup technology. Total financing is not disclosed, invested by ConsenSys.

Social

1. Farcaster: A decentralized social protocol that allows users to create, own and transfer identities and content. Total financing of $180 million, invested by Paradigm, a16z, etc.

2. Lens Protocol: A decentralized open social graph that any application can plug into. Total financing of $15 million, invested by IDEO CoLab Ventures, Robot Ventures, etc.

3. Fantasy.top: A SocialFi trading card game built on Blast. Total funding was not disclosed, with investments from Alliance DAO, Fabric Ventures, etc.

Game

1. Nifty Island:An open social game world where players can create, trade and display 3D NFTs. Total financing of $20 million, invested by Hashed, Arrington Capital, etc.

2. Sonic:The first game chain on Solana, dedicated to game development and operation. Total financing of $16 million, invested by Bitkraft Ventures, OKX Ventures, etc.

3. Hamster Kombat:A click-to-earn game combined with a cryptocurrency trading simulator. Total financing and investors have not been disclosed.

Meme

1. Pump.fun:A platform for creating and trading Meme tokens on the Solana blockchain. Total financing and investors have not been disclosed.

Prediction market

1. Polymarket:A decentralized prediction platform where users bet on hot topics using cryptocurrency. Total financing of $74 million, invested by Founders Fund, Polychain, etc.

AI

1. Gensyn:A decentralized deep learning computing protocol that aims to establish an AGI computing power market. Total financing of $49.5 million, invested by a16z, Eden Block, etc.

DePIN

1. Ambient Network:A decentralized environmental monitoring infrastructure network that collects global environmental data. Total financing of $2 million, invested by Borderless Capital, Solana Ventures, etc.

Privacy

1. Light Protocol:Solana ecosystem privacy project, providing the most accessible privacy track in the ecosystem. Total financing of US$4.5 million, invested by Polychain, Solana Ventures, etc.

Infra

1. Kinto: Based on OP Stack, it focuses on providing secure access to financial services. The total financing is US$3.5 million, invested by The Spartan Group, ParaFi Capita, etc.

02 Outlook for the second half of the year

Regarding the outlook for the theme in the second half of the year, the report mentioned that the institutional adoption rate will continue to increase, especially the approval of the US spot BTC ETF has attracted more institutional demand, and the participation of traditional financial giants will attract more investors to explore DeFi, NFT and other fields.

The macroeconomic situation in the United States is also worthy of continued attention. The US presidential election in November may lead to market volatility, and the Federal Reserve is expected to cut interest rates in September, which may be beneficial to the cryptocurrency market.

In terms of the track, Bitcoin's scalability and DeFi are also developing, and decentralized physical network infrastructure (DePIN) and decentralized social media (DeSoc) are expected to develop further.

The tokenization of real-world assets (RWA) provides a powerful use case for blockchain, and the tokenization of treasury bonds remains in the spotlight and is expected to provide investors with a new source of income.

The number of Web3 game players has reached a new high, hyper-casual games have attracted a large number of players, and projects will have more innovations in sustainable in-game economic solutions.

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