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 highlighted in the report for your reference.
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 DEX with more than 100 Perps and native Spot.
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 an independent lending market without permission. Total financing of $68 million, invested by a16z, Variant Fund, etc.
3. Karak: A universal re-pledge network, similar to re-pledge 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 permissionless contract market model with a total financing of $37.4 million, invested by Pantera Capital, Polychain, etc.
5. Symbiotic: A universal re-pledge system, a permissionless shared security protocol. Total financing of 5.8 million US dollars, invested by Paradigm, Cyber Fund, etc.
6. Citrea: The first ZK Rollup project in the Bitcoin ecosystem. Total financing of 2.7 million US dollars, invested by Galaxy, Delphi Digital, etc.
7. Solayer: Solana ecosystem's re-staking agreement, which can obtain POS, MEV and AVS and other benefits. Total financing is not disclosed, invested by Binance Labs.
1. Scroll: Ethereum's native zkEVM Layer 2, based on ZK-rollup. Total financing of $80 million, invested by Paradigm, OKX Ventures, etc.
2. Linea: EVM-compatible layer 2 developed by Consensys and using Zk-rollup technology. Total financing is not disclosed, invested by ConsenSys.
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 into which any application can be plugged. 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 financing was not disclosed, invested by Alliance DAO, Fabric Ventures, etc.
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.
1. Pump.fun: A platform for creating and trading Meme tokens on the Solana blockchain. Total financing and investors have not been disclosed.
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.
1. Gensyn: A decentralized deep learning computing protocol designed to build an AGI computing power market. Total financing of $49.5 million, invested by a16z, Eden Block, etc.
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.
1. Light Protocol: Solana's ecological privacy project, providing the most accessible privacy track in the ecosystem. Total financing of $4.5 million, invested by Polychain, Solana Ventures, etc.
1. Kinto: Based on OP Stack, it focuses on providing secure access to financial services. Total financing of $3.5 million, invested by The Spartan Group, ParaFi Capita, etc.
Regarding the theme outlook for 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 also deserves 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 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 a hot topic and is expected to provide investors with a new source of income.
The number of Web3 game players has reached a new high, and super casual games have attracted a large number of players. The project will have more innovations in sustainable in-game economic solutions.
There are reports that the agency may be close to classifying Ethereum as a security, which would have huge implications for the future of blockchain. This is where the SEC got it wrong.
JinseFinanceThe US crypto landscape faces a jurisdictional clash between the CFTC and SEC, raising concerns over regulatory clarity.
EdmundAmidst the regulatory uncertainty in the crypto space, the classification of collectibles like Pokemon cards as securities sparks a contentious debate. As Congress grapples with crypto legislation, the question emerges: Why isn't a Pokemon card considered a security?s within regulatory boundaries.
JoyUK's Mini Budget unveils Digital Securities Sandbox, propelling digital asset growth. Pioneering initiative fosters innovation, regulatory balance, and positions UK as a global financial leader.
Huang BoThe inaugural STO, led by Grinnodot, the parent company of Sunnyfounder, introduces the loosely translated "Sunshine Green Benefit Debt STO."
DavinThailand's KBank ventures into the crypto space with a strategic acquisition, signalling growing interest in the digital asset market.
Hui XinThailand's Kasikorn Bank, commonly known as KBank, has completed the acquisition of 97% of the shares in the parent company of the Satang crypto exchange.
SamanthaAfter the successful launch of its new licensing regime for virtual asset service providers, Hong Kong regulators have their sights on stablecoins and tokenized securities.
Beincrypto
FTX US expects to finalize investment in the Investors Exchange in May 2022, subject to customary closing conditions and regulatory approval.
Cointelegraph