Mitosis (short for Mitosis project) is a modular Layer 1 (L1) blockchain focused on Programmable Liquidity and Ecosystem-Owned Liquidity (EOL), aimed at addressing the fragmentation of liquidity in DeFi. It transforms liquidity deposits into tokenized assets (such as miAssets) that can be transferred and reused across chains, allowing users to achieve greater capital efficiency and returns in a multi-chain environment. The project will launch in 2024, with the mainnet going live in August 2025, having raised 10 million USD (investors include Binance Labs and Polychain), and the native token MITO has a market capitalization of approximately 50 million USD, with a 24-hour trading volume exceeding 24 million USD. What exactly is the Mitosis project? What does it do? Core identity: Mitosis is an EVM-compatible L1 chain designed for the modular blockchain era. It is not a general-purpose chain but a 'hub' for liquidity protocols, shifting liquidity from 'mercenary' to community-owned through the EOL model, driving TVL from Ethereum L1 (currently accounting for 60% of DeFi) to L2 and emerging chains (such as Solana and Celestia). What it does: Liquidity tokenization: Users deposit assets (such as ETH or USDC) into Vaults to receive 1:1 miAssets (derivative tokens), which can be used in the Mitosis ecosystem or across chains, supporting lending, leverage, and additional returns. EOL framework: Ecosystem projects allocate liquidity through governance, reducing incentive competition; the Matrix protocol unlocks exclusive rewards. Cross-chain interoperability: Integrates Cosmos SDK and CometBFT, supporting seamless transfers between chains; miAssets can be used for DeFi operations on Ethereum L1/L2. Technical foundation: Modular architecture (execution layer EVM compatible, consensus layer CometBFT), emphasizing scalability and security. The testnet will run in February 2025, and the mainnet will support high TPS and low fees. Token MITO: Total supply of 1 billion, circulating supply approximately 196 million (19.6%). Used for governance, staking, gas fees, and EOL incentives. Binance has listed MITO/USDT, supporting HODLer Airdrop.

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