• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Labs' New Investment in Astherus Propels DeFi Development

user avatar

by Giorgi Kostiuk

a year ago

On November 28, Binance Labs announced its latest investment in Astherus, a multi-asset liquidity firm. This funding will focus on product development and improving the user experience.

Goals of Binance Labs Funding

Binance Labs aims to fund Astherus projects to increase opportunities for DeFi users. The funds will accelerate product development, introduce innovative revenue-generating products, and streamline DeFi interactions to become more efficient and user-friendly.

Upcoming Astherus Projects

Astherus already has platforms like AstherusEarn for stablecoin yield farming and supports additional applications. The investment is expected to help develop more products to optimize user gains. Plans also include launching AstherusLayer, an L1 blockchain using the $BNB token.

Astherus’ approach to enhancing asset utility and real yield aligns with Binance Labs’ commitment to backing projects building meaningful technology and driving ecosystem growth. We are excited to support Astherus in delivering greater value to DeFi users worldwide.Nicola W.

Previous Investments by Binance Labs

Since 2018, Binance Labs has invested in over 250 projects, including Moonwalk Fitness, Zerobase, and the Hemi network. Binance also funded the RWA platform OpenEden and projects on the TON blockchain, such as Pluto Vision Labs.

Binance Labs' investment in Astherus underscores its commitment to supporting innovative DeFi projects and enhancing their potential to increase value and improve user experiences.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Gold and Silver Prices Hit Record Highs Amid Global Tensions

chest

Gold and silver have surged to record prices due to geopolitical tensions and inflation fears, prompting market analysts to revise their projections.

user avatarMaria Gutierrez

Federal Authorities Uncover Major Smuggling Operation of Nvidia GPUs

chest

Federal prosecutors uncovered a smuggling operation that illegally exported Nvidia GPUs worth $160 million from the US to China.

user avatarDavid Robinson

Zcash Experiences Significant Price Surge Amid Renewed Interest

chest

Zcash has experienced a significant price increase, rising over 25 in the past 24 hours, marking a powerful multimonth rally.

user avatarAndrew Smith

Institutional Investment Boosts Zcash's Market Performance

chest

Institutional interest in Zcash has surged, with significant purchases contributing to its price rally.

user avatarJacob Williams

Major Crypto Coins to be Listed on CEXs in Early 2026

chest

Several prominent cryptocurrencies are set to be listed on major centralized exchanges in early 2026.

user avatarZainab Kamara

Retail Investors Shift Focus to ETFs, Boost Gold Investments

chest

Retail investors shifted focus to ETFs, particularly the SPDR Gold Shares, leading to record inflows and a significant increase in gold prices.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.