Binance Labs Invests in Ethereum Layer 2 Network Zircuit, Hosting $3.5B in Staked Assets

Jun 11, 2024, 09:12 AM

Binance Labs has announced an investment in Zircuit, a new Ethereum Layer 2 network. Zircuit is a zero-knowledge rollup with AI-enabled sequencer-level security and parallelized circuits. The network aims to enhance on-chain security and is backed by Pantera Capital, Dragonfly, and now Binance. Zircuit currently hosts $3.5 billion in staked assets and has over 1,100 'Build to Earn' applications. The investment amount by Binance Labs was not disclosed. Zircuit is expected to make its mainnet debut this summer.