BNB rose by about 14% in one day, an overview of which "in-house" projects Binance has recently supported
Recently, BNB has performed remarkably in the cryptocurrency market, attracting widespread attention from investors.Author: WOO X Research
Background: BNB Rises About 100 U in a Single Day, an Increase of About 14%
During this cycle, BNB has seemed relatively "low-key," without any particularly large increases. Recently, however, BNB has performed impressively in the cryptocurrency market, achieving a significant increase of about 14%, attracting widespread attention from investors.
Image source: https://cn.tradingview.com/chart/jyCAJAsu/?symbol=BINANCE%3ABNBUSD
Compared to other mainstream tokens, it has shown stronger growth momentum. For example, ETH increased by about 5% during the same period; SOL's increase remained around 1%; and OKB rose by about 7%. In terms of performance, BNB not only surpassed most competitors but also further solidified its position as the leading platform token.
Analyzing the reasons, in addition to the recent positive market sentiment, another important factor that may influence its rise is the diversification of the Binance ecosystem, specifically: the continuous expansion of the Binance Smart Chain (BSC) and the ecological development of BNB. Recently, Binance has indeed taken a series of actions to support its own ecological projects. WOO X Research summarizes and organizes the projects related to Binance's recent actions in this article.
Astherus
On November 28, Binance Labs announced an investment in the multi-asset liquidity center Astherus.
(Image source: https://x.com/BinanceLabs/status/1862134457433755872)
The protocol mainly consists of three parts:
- dApp Layer - Native dApps include AstherusEX and AstherusEarn.
- DeFi Infrastructure Layer - Liquidity for aggregated asset pools. This module will also allow developers to build DApps on Astherus in the future.
- L1 Chain - A Layer-1 blockchain focused on DeFi, supporting multi-asset staking and enabling $BNB as gas fees.
Currently supports BNB Chain, Ethereum, Scroll, and Solana. Wallet support includes MetaMask wallet and Binance Web3 wallet extension.
Launch of USDF, allowing 1:1 exchange of USDT for USDF on the BSC chain. Users can earn triple Au points. Participating in other activities (such as leverage) will have different multiplier points, which will be used to allocate ASS airdrops. Staking USDF in AstherusEarn to mint asUSDF will also yield returns.
Kernel
On November 25, the BNB Chain ecosystem's re-staking infrastructure Kernel completed a total financing of $10 million, with participation from Binance Labs and others.
Kernel's products also include re-staking on BNB, a liquidity re-staking protocol Kelp on Ethereum, and a RWA tokenization yield protocol Gain.
Official website roadmap: Mainnet preparation work from November to December 2024, with a full launch of the protocol, including running the mainnet and integrating partners, in January to February 2025.
Thena
On November 26, Binance HODLer airdrop launched its second project, Thena (THE).
It is a DEX and liquidity layer built on the BNB chain and opBNB. Currently includes the following products/services:
- THENA: A spot DEX;
- ALPHA: A perpetual DEX offering cryptocurrency trading pairs with up to 60x leverage;
- ARENA: A trading competition social platform;
- WARP: An upcoming Launchpad;
The tokens mainly involve three types: THE, veTHE, theNFT.
- THE: As a governance token;
- veTHE: As a custodial version of veTHE, representing voting rights. Locking for two years will yield 1 veTHE; veETH holders will share a certain proportion of platform revenue;
- theNFT: Minted by early users, according to the official website, holders can receive 10% of THENA trading fees.
Brevis
On November 26, Binance Labs participated as the lead investor in the seed round financing of the ZK full-chain data proof platform Brevis Network.
In simple terms, it allows access to historical on-chain data through integrated APIs, with data computed by Brevis to generate off-chain ZK proofs, which are then submitted back on-chain along with the computation results to complete the integration of Dapp and Brevis.
WHY
On November 25, 1000WHYUSDT 1-75x USDT perpetual contracts were launched.
The small elephant concept Meme, originally named Ele, was later renamed WHY. It is a deflationary Meme tied to the circulation of BNB, with all transaction fees used to burn WHY and BNB.
The community is large, with 80,080 holding addresses as of the time of writing.
CHEEMS
On November 25, 1000CHEEMSUSDT 1-75x USDT perpetual contracts were launched. A Shiba Inu concept Meme on the BSC chain.
The community is large and has a good atmosphere. As of the time of writing, there are 53,732 holding addresses.
