Binance Research
@Binance_Research
Binance Research provides institutional-grade analysis, in-depth insights, and unbiased information to all participants in the digital asset industry.
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Weekly Binance Bytes (27 December)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ BNB Chain released its 2024 annual report, highlighting achievements such as network consolidation under the 'One BNB' multichain strategy, advancements in opBNB and Greenfield for scalability and storage, and a focus on enabling BNB Chain as an AI-first chain. TVL grew by 58.2%, and unique addresses rose by 17.7% in 2024.
2/ Rumble announced a US$775M investment from Tet
Highlights 🧵:
1/ BNB Chain released its 2024 annual report, highlighting achievements such as network consolidation under the 'One BNB' multichain strategy, advancements in opBNB and Greenfield for scalability and storage, and a focus on enabling BNB Chain as an AI-first chain. TVL grew by 58.2%, and unique addresses rose by 17.7% in 2024.
2/ Rumble announced a US$775M investment from Tet
Weekly Binance Bytes (20 December)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ On December 18, 2024, the U.S. Federal Reserve reduced the federal funds rate by 25 basis points to a target range of 4.25%–4.5%, marking the third rate cut this year. The Fed signaled a more cautious approach for 2025, projecting only two additional rate cuts next year, down from the previously expected four.
2/ Ethena, a DeFi protocol with a market cap of US$6 billion,
Highlights 🧵:
1/ On December 18, 2024, the U.S. Federal Reserve reduced the federal funds rate by 25 basis points to a target range of 4.25%–4.5%, marking the third rate cut this year. The Fed signaled a more cautious approach for 2025, projecting only two additional rate cuts next year, down from the previously expected four.
2/ Ethena, a DeFi protocol with a market cap of US$6 billion,
The ETH Value Debate
With ETH dominance at multi-year lows, Ethereum finds itself at the center of a broader debate on value accrual.
Our latest #Binance Research report examines recent trends and the interplay between L2 growth and effective L1 value capture.
Read the full report here.
Highlights:
Despite a year of notable milestones - Dencun upgrade, Spot Ethereum (“ETH”) ETFs, and a bullish macro environment - Ethereum’s measured progress across
Our latest #Binance Research report examines recent trends and the interplay between L2 growth and effective L1 value capture.
Read the full report here.
Highlights:
Despite a year of notable milestones - Dencun upgrade, Spot Ethereum (“ETH”) ETFs, and a bullish macro environment - Ethereum’s measured progress across
Weekly Binance Bytes (13 December)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ El Salvador plans to relax its requirement for local businesses to accept Bitcoin as payment, making it voluntary rather than mandatory. This shift aims to secure over $3 billion in loans, including a potential $1.3 billion loan from the International Monetary Fund (IMF).
2/ Binance has unveiled a new version of its wallet, the Binance Wallet, featuring a unified wallet
Highlights 🧵:
1/ El Salvador plans to relax its requirement for local businesses to accept Bitcoin as payment, making it voluntary rather than mandatory. This shift aims to secure over $3 billion in loans, including a potential $1.3 billion loan from the International Monetary Fund (IMF).
2/ Binance has unveiled a new version of its wallet, the Binance Wallet, featuring a unified wallet
Weekly Binance Bytes (6 December)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Bitcoin surpassed US$100k for the first time after Fed Chairman Jerome Powell called it a competitor to gold, and president-elect Donald Trump nominated pro-crypto Paul Atkins to chair the SEC. Chair Powell's words signal the improving perception of Bitcoin in the traditional finance world, while the SEC news points towards a potential shift in US cryptocurrency regulati
Highlights 🧵:
1/ Bitcoin surpassed US$100k for the first time after Fed Chairman Jerome Powell called it a competitor to gold, and president-elect Donald Trump nominated pro-crypto Paul Atkins to chair the SEC. Chair Powell's words signal the improving perception of Bitcoin in the traditional finance world, while the SEC news points towards a potential shift in US cryptocurrency regulati
Monthly Market Insights - December 2024
Time to look at December's market insights!
Discover the current market landscape and key insights on:
🔸Spot ETF Flows
🔸Altcoin Growth
🔸Solana Fees
🔸Ethereum USDT Dominance
…and more.
Read the full report here.
In November 2024, the cryptocurrency market experienced a 39.9% surge in total market cap reaching USD $3 trillion for the first time since November 2021. This milestone was primarily driven by significan
Discover the current market landscape and key insights on:
🔸Spot ETF Flows
🔸Altcoin Growth
🔸Solana Fees
🔸Ethereum USDT Dominance
…and more.
Read the full report here.
In November 2024, the cryptocurrency market experienced a 39.9% surge in total market cap reaching USD $3 trillion for the first time since November 2021. This milestone was primarily driven by significan
The Fed, Interest Rates, and the Economy: A Primer
The U.S. Fed recently started cutting interest rates, for the first time since 2020. The crypto market is up ~56% since then.
Our latest Binance research report dives into the Fed, rates, major economic indicators, and asset performance.
Read the full report here.
Highlights:
On 18th September 2024, the U.S. Federal Reserve (“Fed”) cut the target range for the federal funds rate by 0.5%. This lowe
Our latest Binance research report dives into the Fed, rates, major economic indicators, and asset performance.
Read the full report here.
Highlights:
On 18th September 2024, the U.S. Federal Reserve (“Fed”) cut the target range for the federal funds rate by 0.5%. This lowe
Weekly Binance Bytes (29 November)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Brazil's Congress is considering a bill to establish a Bitcoin Sovereign Strategic Reserve (RESBit), aimed at diversifying the country's treasury reserves, mitigating currency volatility, and enhancing economic sovereignty. The proposal suggests allocating up to 5% of Brazil's foreign reserves, or approximately $18 billion, to Bitcoin, with the goal of positioning the na
Highlights 🧵:
1/ Brazil's Congress is considering a bill to establish a Bitcoin Sovereign Strategic Reserve (RESBit), aimed at diversifying the country's treasury reserves, mitigating currency volatility, and enhancing economic sovereignty. The proposal suggests allocating up to 5% of Brazil's foreign reserves, or approximately $18 billion, to Bitcoin, with the goal of positioning the na
Weekly Binance Bytes (22 November)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Mastercard's Multi-Token Network (MTN) has partnered with JPMorgan's rebranded Kinexys Digital Payments to improve B2B cross-border payments by offering greater transparency and faster settlement. This integration allows mutual customers to settle transactions through a single API, enhancing the efficiency of digital global commerce. The collaboration aims to leverage to
Highlights 🧵:
1/ Mastercard's Multi-Token Network (MTN) has partnered with JPMorgan's rebranded Kinexys Digital Payments to improve B2B cross-border payments by offering greater transparency and faster settlement. This integration allows mutual customers to settle transactions through a single API, enhancing the efficiency of digital global commerce. The collaboration aims to leverage to
Weekly Binance Bytes (15 November)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ BlackRock's iShares Bitcoin Trust (IBIT) ETF now holds over US$33B in assets, surpassing the asset manager's long-standing gold ETF, iShares Gold Trust (IAU). This milestone is remarkable given that IBIT was launched only 10 months ago, compared to IAU which has been trading since 2005. The surge in assets follows a significant inflow of US$1.1B on November 7, driven by
Highlights 🧵:
1/ BlackRock's iShares Bitcoin Trust (IBIT) ETF now holds over US$33B in assets, surpassing the asset manager's long-standing gold ETF, iShares Gold Trust (IAU). This milestone is remarkable given that IBIT was launched only 10 months ago, compared to IAU which has been trading since 2005. The surge in assets follows a significant inflow of US$1.1B on November 7, driven by
Weekly Binance Bytes (1 November)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Binance has announced a partnership with Amazon Web Services (“AWS”) to leverage its generative AI capabilities for improving user onboarding, customer support, and internal system diagnostics. By integrating AWS services like Amazon Bedrock and Amazon Elastic Container Service (“ECS”), Binance aims to streamline identity verification processes and automate user issue re
Highlights 🧵:
1/ Binance has announced a partnership with Amazon Web Services (“AWS”) to leverage its generative AI capabilities for improving user onboarding, customer support, and internal system diagnostics. By integrating AWS services like Amazon Bedrock and Amazon Elastic Container Service (“ECS”), Binance aims to streamline identity verification processes and automate user issue re
Weekly Binance Bytes (25 October)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Stripe acquired stablecoin platform Bridge for US$1.1B, furthering its expansion into digital asset infrastructure. This acquisition represents a significant exit for venture investors, with Bridge's valuation having increased by over 200% since the previous funding round in August. This move underscores Stripe's commitment to stablecoins and crypto, aiming to streamline
Highlights 🧵:
1/ Stripe acquired stablecoin platform Bridge for US$1.1B, furthering its expansion into digital asset infrastructure. This acquisition represents a significant exit for venture investors, with Bridge's valuation having increased by over 200% since the previous funding round in August. This move underscores Stripe's commitment to stablecoins and crypto, aiming to streamline
Weekly Binance Bytes (18 October)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Radiant Capital, a multichain lending protocol, lost over US$50M in a security exploit on 16 October. The attacker gained control of the protocol by obtaining three out of 11 private keys needed to upgrade its smart contracts. This is the second exploit Radiant has faced this year, following a US$4.5M loss in January. Radiant has paused its markets on Base and Mainnet an
Highlights 🧵:
1/ Radiant Capital, a multichain lending protocol, lost over US$50M in a security exploit on 16 October. The attacker gained control of the protocol by obtaining three out of 11 private keys needed to upgrade its smart contracts. This is the second exploit Radiant has faced this year, following a US$4.5M loss in January. Radiant has paused its markets on Base and Mainnet an
Weekly Binance Bytes (11 October)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Uniswap Labs has introduced Unichain, a new Layer-2 network developed using Optimism's OP Stack, designed to enhance transaction speed, cost-efficiency, and liquidity. Scheduled to launch on a private testnet, Unichain will be part of the Superchain, a collective of Optimism-affiliated networks, and will feature one-second block times and 250ms sub-blocks. The network pl
Highlights 🧵:
1/ Uniswap Labs has introduced Unichain, a new Layer-2 network developed using Optimism's OP Stack, designed to enhance transaction speed, cost-efficiency, and liquidity. Scheduled to launch on a private testnet, Unichain will be part of the Superchain, a collective of Optimism-affiliated networks, and will feature one-second block times and 250ms sub-blocks. The network pl
Industry Observation: Valuation, Centralization, Transparency, and Rebranding
Curious about the latest buzz in the crypto community?
Our latest report dives into key insights on valuation, centralization risks, transparency in fund usage, and the rationale for rebranding.
Read the full report here.
Highlights:
This report examines several observations in the crypto market, focusing on valuation, the risks associated with centralization, the need for i
Our latest report dives into key insights on valuation, centralization risks, transparency in fund usage, and the rationale for rebranding.
Read the full report here.
Highlights:
This report examines several observations in the crypto market, focusing on valuation, the risks associated with centralization, the need for i
Weekly Binance Bytes (4 October)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Visa has introduced the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue and manage fiat-backed tokens on blockchain networks. Banco Bilbao Vizcaya Argentaria (BBVA) will be among the first to use VTAP, creating tokens on the public Ethereum blockchain with live pilots expected in 2025. VTAP aims to facilitate seamless integration of fiat
Highlights 🧵:
1/ Visa has introduced the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue and manage fiat-backed tokens on blockchain networks. Banco Bilbao Vizcaya Argentaria (BBVA) will be among the first to use VTAP, creating tokens on the public Ethereum blockchain with live pilots expected in 2025. VTAP aims to facilitate seamless integration of fiat
Weekly Binance Bytes (27 September)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Binance has introduced "Binance Pre-Market," a new service that allows users to trade tokens before their official spot market listing. This innovative feature, jointly launched by Binance Spot and Binance Launchpool, enables users to either divest their Launchpool rewards or acquire tokens in advance. The first Pre-Market project will be announced soon, offering early m
Highlights 🧵:
1/ Binance has introduced "Binance Pre-Market," a new service that allows users to trade tokens before their official spot market listing. This innovative feature, jointly launched by Binance Spot and Binance Launchpool, enables users to either divest their Launchpool rewards or acquire tokens in advance. The first Pre-Market project will be announced soon, offering early m
Navigating Crypto: Industry Map
In our latest report, we provide an overview of the crypto industry by highlighting projects across multiple sectors.
We spotlight themes from Consumer Crypto, DePIN, Real-World Assets, and others in this report.
Read the full report here.
Highlights:
The Industry Map provides an overview of the crypto ecosystem. In this report, we break down different verticals into subcategories, and lay out a few projects in each of them.In th
We spotlight themes from Consumer Crypto, DePIN, Real-World Assets, and others in this report.
Read the full report here.
Highlights:
The Industry Map provides an overview of the crypto ecosystem. In this report, we break down different verticals into subcategories, and lay out a few projects in each of them.In th
Weekly Binance Bytes (20 September)
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ BlackRock, the Wall Street giant managing the largest spot Bitcoin ETF, has released a whitepaper emphasizing Bitcoin's role as a "unique diversifier" against fiscal, monetary, and geopolitical risks. The paper notes that Bitcoin, minimally impacted by macro factors, has outperformed all major asset classes in seven of the last ten years. Despite its volatility and class
Highlights 🧵:
1/ BlackRock, the Wall Street giant managing the largest spot Bitcoin ETF, has released a whitepaper emphasizing Bitcoin's role as a "unique diversifier" against fiscal, monetary, and geopolitical risks. The paper notes that Bitcoin, minimally impacted by macro factors, has outperformed all major asset classes in seven of the last ten years. Despite its volatility and class
RWAs: A Safe Haven for On-Chain Yields?
On-chain real-world assets ("RWAs") have reached an all-time high.
Our new report explores this recent growth, outlines key RWA categories, and provides a tech-driven tour of some of the most interesting protocols in the space.
Read the full report here.
Highlights:
Real-world assets (“RWAs”) refer to tokenized, on-chain versions of tangible and intangible non-blockchain assets, e.g., currencies, real estate,
Our new report explores this recent growth, outlines key RWA categories, and provides a tech-driven tour of some of the most interesting protocols in the space.
Read the full report here.
Highlights:
Real-world assets (“RWAs”) refer to tokenized, on-chain versions of tangible and intangible non-blockchain assets, e.g., currencies, real estate,