As the world's largest cryptocurrency exchange, Binance has seen a surge in the value of almost any token after it goes online. There are limited high-quality projects in the current bear market, and the next projects that Binance will be interested in may be the following three projects!
Project 1: MUX Protocol
MUX Protocol is a decentralized contract exchange that has been deployed on five public chains. It has two main features: cross-chain liquidity pool and contract transaction aggregator.
Cross-chain liquidity pool: liquidity pools of different public chains are universal, thus maximizing capital efficiency
Contract trading aggregator: The system automatically selects the best trading route for traders, including other exchanges (GMX/LevelFinance...), and earns commissions from them.
MUX Protocol’s data shows that 48% of the platform’s tokens are locked, with an average lock-up period of 758 days. This means that the market selling pressure is small, the community has strong confidence in the platform, and the token price trend is healthier.
In addition, MUX Protocol has strong profitability, earning $84,179 in the past 24 hours, with the highest daily profit reaching $191,144. Detailed data can be viewed in this data panel 👇
https://stats.mux.network/public/dashboard/13f401da-31b4-4d35-8529-bb62ca408de8
It is worth mentioning that Binance Labs is also one of the investment institutions behind the project. Therefore, if Binance wants to choose a contract exchange with unique positioning and profitability, MUX Protocol should be the best choice.
Project 2: Velodrome
Velodrome is an exchange that adopts the Ve(3,3) model and is also the leader on the Optimism chain, accounting for 27% of the TVL of the Optimism public chain.
Currently, Binance has launched many native project tokens of Arbitrum. Considering that Optimism is the Layer2 public chain second only to Arbitrum, Binance should consider high-quality projects on the Optimism chain in the future. Recently, Binance Chain has adopted Optimism's technology to develop the Layer2 public chain, and the relationship between the two teams should be relatively close.
Velodrome is not only the leader of Optimism, but also the leader of Ve(3,3) exchange. According to DefiLlama data, Velodrome's locked volume far exceeds similar products (see the figure below)
In summary, if Binance were to choose a native project on the Optimism chain or a token similar to Ve(3,3), Velodrome would have a great chance of becoming the next project to go online.
Project 3: Aura
Aura is the most important project in the Balancer ecosystem, and the relationship between the two is similar to Curve and Convex. Aura is a yield farm product. Users can deposit $BAL into the Aura platform and enjoy a higher annualized return without long-term token lock-up, which is currently 28% (see the figure below).
Currently, Curve's yield farm Convex has been listed on Binance, but Balancer's Aura has not yet been included. Considering that Balancer is the fourth largest exchange in the entire network, it has a huge user base.
It is worth mentioning that the token economy of Uniswap and PancakeSwap is different from Curve and Balancer, and there is no project similar to Convex.
In summary, if Binance considers looking for a yield farm project similar to Convex, Aura from the Balancer ecosystem will have a greater chance.