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Binance invests in artificial intelligence token Zircuit

Binance Labs, the venture capital arm of Binance, has made a strategic investment in Zircuit, a layer 2 network. Zircuit integrates zero-knowledge clustering with artificial intelligence to improve security, with the aim of protecting users against smart contract vulnerabilities and malicious threats.

However, this has not been revealed Binance Labs On the amount and other investment conditions.

The crypto community awaits a Zircuit airdrop

Zircuit's architecture combines established compilation frameworks with zero-knowledge proofs. He claims this results in a quick and inexpensive solution that remains fully compatible with the Ethereum Virtual Machine (EVM).

“By integrating serial-level security, Zircuit provides a more secure L2 solution, and we look forward to seeing it grow and develop further,” He saidYi He, Chief Product Officer at Binance and President of Binance Labs.

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In fact, crypto hackers mainly focus their attacks on the Ethereum blockchain. A report from Immunefi indicates that during the month of May 2024, it was Ethereum BNB is the most vulnerable network, accounting for 62% of total financial losses. Ethereum experienced nine separate security breaches, accounting for 43% of the total damage suffered across all networks.

“We are innovating on a deep technical foundation, making Ethereum more secure for the next billion users,” said Dr. Martin Dirka, co-founder of Zircuit.

As Zircuit prepares to launch its mainnet this summer, it has over $3.3 billion in staked assets. Its “Build to Earn” program has attracted over 1,100 participants.

As a result, the community is abuzz, anticipating a potential airdrop to reward early adopters after the mainnet launch.

"Zircuit could be the next big airdrop. It's still under most people's radar, but crypto whales are mining it on Pendle, Fluid and other protocols." "He said Ignas, DeFi researcher.

Total value of locked circuit
The full value of zirconite is unlocked. Source: Devilma

Additionally, Binance Update its commercial operations. After routine evaluation, several trading pairs, including ALPACA/BTC and QUICK/BTC, were delisted due to low liquidity and low trading volume.

These changes, which will come into effect on June 14, 2024 at 03:00 UTC, aim to maintain a high-quality trading market. Despite the delistings, users can continue to trade the underlying assets of these pairs and evaluate the pairs on other pairs available in Cryptocurrency exchangeBinance.

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Furthermore, I have completed Integration of Binance Curve (CRV) on the Arbitrum One and Optimism networks. CRV deposits and withdrawals are now open and are expected to improve liquidity and user engagement on these networks.

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