Binance-Backed Crypto Projects to Invest in 2024

Leading Crypto Projects with Binance Investments

On July 16, Binance released a comprehensive half-year report, providing a detailed crypto analysis at the current state of the market and the most effective reports. Beyond their general market analysis, Binance's team highlighted several promising projects across various blockchain ecosystems. These projects span diverse use cases, including DeFi, decentralized data storage, Layer2, DePIN, and innovative community initiatives.

After thoroughly reviewing the 160-page document, CoinGabbar highlighted the standout project that Binance believes it will give good returns. Historically, 9 out of 10 projects backed by Binance have yielded amazing returns, often achieving gains between 10x to 100x. 

In this article, we'll delve into the top crypto projects backed by Binance in 2024 and explore future investments that could significantly impact the market.

Top Binance-Backed Crypto Project

#Berachain

Berachain is an EVM-compatible L1 chain built on the Cosmos SDK. Highlighted frequently in the research, Berachain is noted as a promising new L1. While there's no token yet, you can get in early by participating in the Upcoming Berachain Airdrop.

#Venus Protocol

It is an AMM and synthetic stablecoin protocol launched exclusively on the BNB Chain. Mentioned in Binance's report as the leading DeFi dApp with $1.4 billion TVL, Venus stands out with its impressive metrics. Currently, $XVS is priced at $7.48 with a market cap of $121,466,130, highlighting its significant presence in the DeFi space.

#Jupiter Exchange

It is renowned as one of the most advanced swap aggregation engines and the biggest DEX on Solana. According to the research, Jupiter has become integral to the Solana ecosystem by driving more volume and lowering fees. Currently, $JUP is priced at $1.10 and has a market cap of $1,481,271,427, its impact and innovation are clear.

#APX Finance

It stands out as the leading DEX for crypto derivatives on the BNB and opBNB chains. Binance is heavily investing in the opBNB ecosystem and highlights APX Finance as one of its major dApps. Priced at $0.04856 with a market cap of $20 million, APX Finance is gaining significant attention for its potential and growth.

#Ambient network

It is the world's largest web3 network for environmental monitoring. Backed by Solana Ventures, Ambient is a promising environmental DePIN protocol. Though it has no token yet, you can test its products for rewards before its listing that is expected in Q3 2024.

#Helium

It is a decentralized network for IoT devices, powered by blockchain. The research highlights Helium as a top DePIN Project, noting its success as a crypto-powered 5G network. Currently $HNT is priced at $5.10 and has a market cap of $822,714,797.

#PancakeSwap 

It is a decentralized crypto exchange famous for low fees and fast transactions. As the top DeFi dApp in the Binance ecosystem, it was mentioned three times in the research. Currently, $CAKE is priced at $1.97, with a market cap of $456,135,148.

#Hivemapper

It incentivizes map coverage, freshness, and quality with ownership. It has mapped over 20% of the global road network and is considered a Top DePIN project. Currently, $HONEY is priced at $0.07721, with a market cap of $161,516,544.

#NEAR Protocol

It is a layer-one blockchain built as a community-run cloud computing platform. Recently, it’s been active in the Crypto AI sector and was mentioned multiple times in the research paper. Currently $NEAR is priced at $5.35, with a market cap of $5,935,328,496.

#KiloEx

It is a perpetual DEX on BNB and opBNB, integrated with LSDfi. It is mentioned in the report and incubated by Binance in 2023, Kilo doesn’t have a token yet, but you can join their $KILO Airdrop.

#Drift Protocol

It is a fully on-chain perpetual and spot DEX on Solana. The research notes that Drift’s upcoming feature will let users long/short tokens directly on Twitter, potentially boosting crypto adoption. Currently, $DRIFT is priced at $0.3915, with a market cap of $71,500,577.

#MeteoraAG

It offers DeFi tools to boost liquidity on Solana. Binance research highlights its feature for trading memecoins directly on your timeline. Currently, you can engage with Meteora’s liquidity pools for a chance to earn future token rewards.

#XAI Games

It is the world’s first Layer 3 solution for AAA gaming on Arbitrum. Highlighted in Binance research, Xai is showcased as a leading example of a promising gaming ecosystem. Currently, $XAI is priced at $0.3219, with a market cap of $89,207,613.

#Tensor Foundation

It is the largest NFT marketplace on Solana. Despite the NFT sector not peaking yet, Binance is optimistic about Tensor’s future due to its season airdrop model and strong token performance. Currently priced at $0.5197, with a market cap of $64,965,197.

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