Binance Labs Invests in Layer 2 Security Protocol Zircuit

• Binance Labs has invested in Zircuit, a zero-knowledge roll-up network that uses AI-enabled sequencer-level security.
• Zircuit has shown impressive growth with over $3.5 billion in staked assets and more than 1,100 applicants for its “Build to Earn” program.
• Binance has introduced USDS-M contracts to its Futures copy trading Platform.

Binance Labs has invested in Zircuit, a new layer 2 on-chain security protocol. Zircuit is a zero-knowledge rollup network that protects against malicious attacks and smart contract exploits using AI-enabled sequencer-level security and built-in mechanisms.

The network ensures robust user security without sacrificing speed or compatibility through a hybrid architecture that combines battle-tested rollup infrastructure and zero-knowledge proofs. 

Zircuit achieves efficient and cost-effective operations by breaking down circuits into specialized units and aggregating proofs.

Yi He, Co-founder of Binance and Head of Binance Labs, said , “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer-level security, Zircuit is providing a more secure L2 solution, and we look forward to watching it grow and develop further.”

Meanwhile, Dr. Martin Derka, Co-Founder of Zircuit, expressed optimism regarding Zircuit’s partnership with Binance Labs, saying, “We’re thrilled to have Binance Labs join us on this journey.”

Derka explained that Zircuit was developed from “cutting-edge scaling and security research” and emphasized the network’s goal of providing on-chain security for Ethereum blockchain users.

With its mainnet launch scheduled for this summer, Zircuit’s ecosystem is generating hype and showcases impressive trends within the crypto space. For example, staked assets on the network have surpassed $3.5 billion. Moreover, over 1,100 applicants have expressed interest in its “Build to Earn” program. Zircuit has also attracted major industry players as launch partners, including Renzo, Elixir, Ambient, Pendle, LayerZero, Ether.fi, and KelpDAO.

In a separate development, Binance has introduced USDS-M contracts to its Futures Copy Trading platform. According to Binance, this expansion offers users portfolio diversification and a wider range of trading strategies. The company added that users can access the new contracts starting June 11, 2024.