Background: BNB rose by about 100 U in a single day, up approximately 14%

In this cycle, BNB seems to have been relatively 'low-key', without any particularly large fluctuations. Recently, BNB has performed well in the cryptocurrency market, achieving a significant rise of about 14%, attracting widespread attention from investors.

Compared to other mainstream tokens, it shows a stronger growth momentum. For example, ETH's increase during the same period was about 5%; SOL's increase remained around 1%; 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, apart from recent favorable market sentiment, another important factor that may influence its rise is the diversification of Binance's ecosystem, namely: the continuous expansion of the Binance Smart Chain (BSC) and the ecological development of BNB. Recently, Binance has indeed taken a series of supportive actions for its ecological projects. WOO X Research summarizes and organizes the recent actions of Binance related to the projects involved in this article.

Astherus

On November 28, Binance Labs announced an investment in the multi-asset liquidity center Astherus.

This agreement consists of three main parts:

  • dApp layer - Native dApps include AstherusEX and AstherusEarn.

  • DeFi infrastructure layer - Aggregated asset pool liquidity. 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.

Launched USDF, which can be exchanged for USDF 1:1 with USDT on the BSC chain. You can earn three times Au points. Participating in other activities (such as leverage) will have different multiplier points, which will be used for distributing ASS airdrops. Staking USDF in AstherusEarn to mint asUSDF will also generate returns.

Kernel

On November 25, the Kernel infrastructure for re-staking on the BNB Chain ecosystem completed $10 million in funding, with participation from Binance Labs and others.

Kernel's products also include re-staking on BNB, liquidity re-staking protocol Kelp on Ethereum, and RWA tokenized yield protocol Gain.

Official website roadmap: Mainnet preparation work in November-December 2024, with full protocol launch in January-February 2025, including running the mainnet and integrating partners.

Thena

On November 26, Binance HODLer airdrop launched the second project Thena (THE).

One is a DEX and liquidity layer built on the BNB chain and opBNB. Currently includes the following products/services:

  • THENA: a spot DEX;

  • ALPHA: Perpetuals DEX offers cryptocurrency trading pairs with up to 60x leverage;

  • ARENA: a trading competition social platform;

  • WARP: 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. For every two years locked, you will receive 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 transaction fees.

Brevis

On November 26, Binance Labs participated as a lead investor in the seed round financing of 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, generating off-chain ZK proofs, which are then submitted back to the chain along with the computation results to complete the integration of Dapp and Brevis.

WHY

On November 25, launched 1000WHYUSDT 1-75x USDT perpetual contracts.

The Little Flying Elephant concept Meme, originally named Ele, later renamed WHY. It is a deflationary Meme listed on Binance and linked to BNB circulation, with all transaction fees used to burn WHY and BNB.

The community is large, with 80,080 holding addresses as of the completion of this document.

CHEEMS

On November 25, launched 1000CHEEMSUSDT 1-75x USDT perpetual contracts. A Shiba Inu concept Meme on the BSC chain.

The community is large and has a good atmosphere. As of the completion of this document, the number of holding addresses is 53,732.