Still in the first quarter of 2024, it is not wrong to want to know the Top Binance Lab Projects to look out for especially as the bull season is coming. The cryptocurrency industry is a volatile one in which the least expected project can become the most talked about for the rest of the year.

Binance Lab has a list of projects that will undoubtedly dominate the year. We have listed out the top Binance Lab Projects that you might want to look out for.

Binance Labs Portfolio Top Projects

Binance Labs, the venture capital arm of the Binance crypto exchange, has invested in a wide range of blockchain projects across various sectors. Here are some of the top Binance lab projects in their portfolio, categorized by their focus:

Infrastructure:

• Polygon: A scalability solution for Ethereum that uses side chains to process transactions off the main chain.previously known as “Matic Network,” Polygon is reported to be the first “well-structured and easy to use for Ethereum scaling and infrastructure development. This project aims to stimulate mass adoption of cryptocurrencies by resolving the challenges of scalability on many blockchains. The $MATIC token will continue to exist and will play an increasingly relevant role in the world of cryptocurrencies and on the Ethereum chain. it is one of the top binance lab projects and you might want to add it to your watchlist for 2024.
• Injective: A decentralized exchange protocol that enables high-throughput margin trading and derivatives. This project makes building DeFi applications unlimited and accessible with its most advanced, next-generation financial infrastructure. Injective is a community driven network governed by its decentralized community with all proposals passing through a DAO governance vote. The Injective ecosystem includes 100+ projects and over 150,000 community members globally.
• MultiversX (formerly Elrond): A high-throughput, scalable blockchain platform that uses sharding technology. MultiversX rewards its community and participants with EGLD tokens which can be used for staking and as transaction fees in the Elrond network. As a means to increase adoption, the project also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties. This project aims to build up its ecosystem and establish EGLD as a store-of-value asset. Now worth above $55.00, you might want to add it to your watchlist.
• AltLayer: A provider of application-specific multi-chain rollups that offer security and scalability. With over eight investors including Binance Labs, AltLayer has raised 22.8MM USD from two rounds of private token sales, where 18.50% of the ALT total token supply has been sold at 0.008 USD / ALT and 0.018 USD / ALT respectively.
• ZKCross: A multi-chain ZK-Rollup execution layer that empowers developers to build Web3 applications with aim to bridge the gap between Web2 and Web3 applications by providing a seamless and smooth transition through its four essential components: the ZKCross SDK, ZKCross Node, ZKCross modular stack and ZKCross on-chain proxy. ZKCross aims to be the best cross chain bridge on ZK Rollup.

DeFi (Decentralized Finance):

• The Sandbox: A virtual world where users can create, own, and monetize their gaming experiences. With the Sandbox, users can explore the meterverse. The utility token and currency used within this platform is called SAND (an ERC-20 token), which is used to purchase assets within the gaming world. It is the main utility token of the game, and you can earn it by playing games, participating in the community, or selling assets. Participants and token holders on this platform can expect a major turnaround in this Binance lab project.
• Axie Infinity: A play-to-earn game where users can breed, battle, and trade NFT-based creatures called Axies. Axie infinity also has its own unique token known as Axie Infinity Shards (AXS) which serves as a governance token. Holders can use them to vote and have a say on decision-making in the platform.
• STEPN: A move-to-earn game where users earn tokens for walking or running with NFT sneakers. STEPN’s goal is to promote a healthier lifestyle, help fight climate change, and introduce people to Web3. Its native token is GMT and it has a total supply of 6 billion tokens.
• Merit Circle: Definitely a token to watch out for. Merit Circle is a decentralized autonomous organization (DAO) that invests in play-to-earn games and blockchain projects. It is a leading DOA with the goal to maximize profit across different games in the metaverse with the potential to generate life-changing income for participants. With support from investors and partners, it raised 4.5 million during its seed round.
• Fusionist: A cross-chain DeFi platform that enables users to swap assets between different blockchains. Fusionist (ACE) is the native token that operates on the Fusion blockchain network. Additionally, this project aims to transform the traditional financial system by providing secure, transparent, and accessible DeFi services to users. It is undoubtedly one of the top Binance Lab projects.

Others

• Celestia: A modular blockchain platform that separates consensus and execution layers for scalability. Celestia has opened up a world of new possibilities through its modular approach to blockchains. With its native token currently above $19.00, it is also one of binance lab’s top projects.
• CyberConnect: A decentralized social network that rewards users for creating and sharing content. CyberConnect is Web3’s earliest and biggest social network that enables developers to create social applications. It is aimed at creating decentralized social applications that focus on Web2-like experience while allowing users to create chain-agnostic accounts.
• Sui: A new layer-1 blockchain designed for high performance and scalability. It is designed to make digital asset ownership fast, private, secure and accessible to everyone. Sui is a first-of-its kind platform on which developers can build amazing, user-friendly experiences.
• Hinkal Protocol: A privacy SDK that allows users to remain anonymous while complying with KYC regulations. It provides a private smart contract experience, allowing users to participate in dApps directly from private addresses.
• KiloEx: A decentralized cryptocurrency futures exchange with a focus on risk management. It provides traders with real time tracking of market activity while also offering liquidity providers risk-neutral positions and LP-friendly solutions.
• Cashmere Labs: An aggregator and fixed-swap platform for secure asset swapping across different blockchains. It prioritizes safeguarding users against front-run and MEV attacks.
• EthosX: A decentralized financial platform that offers a range of derivative products. Its aim is to revolutionize the creation and trading of derivatives by eliminating the need for centralized authority.

It’s important to note that this is not an exhaustive list, and Binance Labs is constantly investing in new projects. It’s also important to do your own research before investing in any cryptocurrency or blockchain project.

About Binance Lab Projects

Binance lab is the venture capital arm of Binance cryptocurrency exchange that focuses on identifying blockchain entrepreneurs and startups with aims to empower and provide financial support to these projects and help grow the wider blockchain ecosystem.

Binance lab provides support to founders with innovative ideas that can shape and strengthen the future of Web3 industry. Binance lab backs a variety of promising early-stage projects. They look for projects building infrastructure, tooling, applications and many more across DeFi, NFTs, gaming, metaverse, and Web3. Some of these promising startup projects get to enjoy support in the form of capital, advice, resources and mentorship.

One of the benefits of being funded by Binance lab is that through its influence, these projects gain significant exposure and access to a massive user base which greatly enhances their potential to succeed. by supporting these startups, Binance lab fosters creativity and helps turn ideas into real world solutions on an enormous scale. This support enables startups to build the foundation for mainstream blockchain adoption.

Binance Lab runs regular incubation cohorts and events to connect with new projects in different countries.