On July 16, Binance officially published a half year report focused on the current state of the market.
Besides the general analysis, their team highlighted multiple promising projects in the report. These projects span across different blockchain ecosystems and cover various use cases from DeFi to decentralized data storage and innovative community initiatives
supported by Binance do very well and print massive x10-100 returns
- Venus Protocol ($XVS)
Venus is mentioned in the report as the leading DeFi dApp with $1.4B TVL. - Jupiter ($JUP)
The research states that Jupiter became a key part of the Solana ecosystem by driving more volume and reducing fees. - APX Finance ($APX)
Binance is going big on the opBNB ecosystem and wants to draw attention to one of the largest dApps out there. this is the foremost DEX for crypto derivatives on BNB and opBNB chains. - Ambient Network ($AMB)
Ambient is backed by Solana Ventures and described as a very promising environmental DePIN protocol. There is no token yet but you can already test their products for potential rewards. - Bera Chain ($BERA)
Berachain is mentioned multiple times in the research and described as one of the more interesting new L1s. There's no token yet but you can become early by interacting with the latest Bera testnet. - Helium ($HNT)
The research states that Helium, a crypto-powered 5G cellular network, is one of the best DePIN protocols currently on the market. - KiloEx ($KILO)
It was also mentioned in the report and incubated by Binance back in 2023.
There's no token yet - Render Network ($RENDER)
Render is mentioned 3 times in different sections of the research and named as a great example of an infrastructure protocol for AI. - Pancake Swap ($CAKE)
PancakeSwap remains the leading DeFi dApp across the Binance ecosystem and was naturally mentioned as many as 3 times in the research. - Hivemapper ($HONEY)
Hivemapper has already mapped over 20% of the global road network and is described as one of the most promising DePIN projects. - Near Protocol ($NEAR)
NEAR has been recently active with a particular focus on the Crypto AI sector and mentioned multiple times in the research. - Drift Protocol ($DRIFT)
The research highlights that Drift is set to allow its users to long/short tokens directly on Twitter which could be massive for crypto adoption. - Meteora ($MET)
Binance research emphasized Meteora's feature to trade memecoins directly on the timeline. As of today, you can potentially get future token rewards by interacting with Meteora liquidity pools. - Xai Games ($XAI)
Xai has its own subsection in the Binance research and is given as an example of the most promising gaming ecosystem. - Tensor Foundation ($TNSR)
Although the NFT sector is far away from its peak, Binance has high hopes for Tensor due to its season airdrop model and token performance since the launch.
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