Unveiling the Wealth Code of Binance's Latest Research Report

Author: Biteye Core Contributor Viee

Editor: Biteye Core Contributor Crush

Community: @BiteyeCN
Recently, Binance released its research report for the first half of 2024, summarizing the industry's development over the past six months and making predictions for the cryptocurrency market in the second half of the year!

0 1 Project Overview

Layer1

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

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

DeFi

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

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

3. Karak: A universal re-staking network, similar to re-staking projects like Eigenlayer. Total funding of $51.3 million, invested by Pantera Capital, Framework Ventures, and others.

4. Synfutures: A decentralized derivatives exchange that pioneered a permissionless contract market model. Total funding of $37.4 million, invested by Pantera Capital, Polychain, and others.

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

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

7. Solayer: A re-staking protocol in the Solana ecosystem that offers yields from POS, MEV, and AVS. Total funding undisclosed, invested by Binance Labs.

ZK/L2

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

2. Linea: A layer2 developed by Consensys that is EVM-compatible and uses ZK-rollup technology. Total funding undisclosed, invested by ConsenSys.

Social

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

2. Lens Protocol: A decentralized open social graph that any application can integrate with. Total funding of $15 million, invested by IDEO CoLab Ventures, Robot Ventures, and others.

3. Fantasy.top: A SocialFi trading card game built on Blast. Total funding undisclosed, invested by Alliance DAO, Fabric Ventures, and others.

Game

1. Nifty Island: An open social gaming world where players can create, trade, and showcase 3D NFTs. Total funding of $20 million, invested by Hashed, Arrington Capital, and others.

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

3. Hamster Kombat: A click-to-earn game that combines a cryptocurrency trading simulator. Total funding and investors undisclosed.

Meme

1. Pump.fun: A platform specifically for creating and trading meme tokens on the Solana blockchain. Total funding and investors undisclosed.

Prediction Market

1. Polymarket: A decentralized prediction platform where users bet on trending topics using cryptocurrency. Total funding of $74 million, invested by Founders Fund, Polychain, and others.

AI

1. Gensyn: A decentralized deep learning computing protocol aimed at establishing an AGI computing market. Total funding of $49.5 million, invested by a16z, Eden Block, and others.

DePIN

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

Privacy

1. Light Protocol: A privacy project in the Solana ecosystem that provides the most accessible privacy track in the ecosystem. Total funding of $4.5 million, invested by Polychain, Solana Ventures, and others.

Infra

1. Kinto: Based on OP Stack, focused on providing secure access to financial services. Total funding of $3.5 million, invested by The Spartan Group, ParaFi Capital, and others.

0 2 Outlook for the Second Half of the Year

Regarding the thematic outlook for the second half of the year, the report mentions that institutional adoption rates will continue to rise, especially with the approval of the US spot BTC ETF attracting more institutional demand. The participation of traditional financial giants will encourage more investors to explore DeFi, NFTs, and other areas.

The macroeconomic situation in the US is also worth continuous attention, as the presidential election in November may lead to market volatility, while the Federal Reserve is expected to cut interest rates in September, which could be favorable for the cryptocurrency market.

In terms of sectors, Bitcoin's scalability and DeFi are continuously evolving, and decentralized physical network infrastructure (DePIN) and decentralized social media (DeSoc) are expected to see further development.

The tokenization of real-world assets (RWA) provides a strong use case for blockchain, with the tokenization of government bonds still receiving significant attention, expected to offer new sources of income for investors.

The number of Web3 gamers has reached a new high, with hyper-casual games attracting a large number of players, and projects will see more innovation in sustainable in-game economic solutions.