Despite its legal woes in the United States and other countries, cryptocurrency trading platform Binance has made investments in several projects. Aside from its large share of the crypto exchange market, Binance also has notable investments in other crypto-focused companies.
In the past, the crypto exchange has, through its venture capital arm Binance Labs, invested in sectors such as decentralized finance (DeFi), NFTs, Metaverse, and Web3 gaming. Here are the top five projects Binance Labs has invested in.
Pendle Finance
In August 2023, Binance announced an investment in Pendle Finance, a Yield Derivatives platform. Through the use of an Automated Market Maker (AMM) mechanism, the platform allows users to tokenize and trade future staking gains. The model adopted by Pendle allows users more freedom and a variety of strategies to maximize returns on their investments.
Radiant Capital
Radiant Capital is a DeFi platform that allows users to earn interest and borrow assets effortlessly across multiple chains. The platform leverages its Layer Zero technology and Stargate routers to improve user interactions across these blockchains. Binance Labs has made a significant investment in Radiant Capital to improve the platform’s lending and borrowing operations.
Neutron
Third on the list is Neutron, a cross-chain smart contract platform leveraging the Cosmos ecosystem’s security. In July of this year, Binance Labs led a $10 million funding round for Neutron. As noted in the announcement, funding will be used to continue developing Neutron’s blockchain software, expand the Neutron ecosystem, and help new developers create safe and user-friendly DApps.
Open Campus
The investment in Open Campus is one of the most recent from Binance Labs. The crypto exchange announced on Monday a $3.15 million investment in the community-led Web3 education platform. Open Campus allows content creators to earn from tokenizing the educational content published on the platform.
Curve Finance
Last on the list is Curve Finance, the largest stableswap and second-largest decentralized exchange. The platform is one of the notable names within Binance Labs’ investment pool, following a $5 million funding round in August. Per the announcement, Binance said the investment underscores its commitment to collaborating with Curve and shaping the future of the DeFi sector.
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