Kalshi vs. Polymarket

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The Regulated U.S. Stack of Prediction Markets

Gemini co-founders Cameron and Tyler Winklevoss

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Prediction Markets Move Into Crypto

Conclusion

Crypto prediction markets — DropsTab Research

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Q4 2025 marked a structural shift in crypto prediction markets. Liquidity moved toward U.S.-regulated platforms, while wallets and DeFi models pushed prediction markets deeper into everyday crypto usage.

YZi Labs (prev Binance Labs)

Crypto Prediction Markets: A New Trend in Q4 2025

BNB Token Performance

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Network Growth and DeFi Expansion

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The Rise of Four.meme

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Risks and Challenges

Outlook

BNB Network Company (BNC) crypto portfolio

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BNB Chain (BNB) logo for BNB ecosystem analysis

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BNB Chain surges in 2025 with record users, $17B DeFi TVL, and a $1,330 BNB price. Fueled by memecoin mania and AI-driven upgrades, it’s evolving from an exchange token into core Web3 infrastructure.

The State of the BNB Ecosystem in 2025

Comparative Market Overview

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Aster vs Hyperliquid token price comparison

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TVL, Trading Volume, and Liquidity Depth

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Adoption, User Growth, and Ecosystem Activity

Governance, Tokenomics, and Incentives

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Key Risks

Final Comparative Insights

Hyperliquid

Aster

Aster vs Hyperliquid – Who Leads the DeFi Perpetuals?

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Aster’s lightning-fast rise challenges Hyperliquid’s dominance in DeFi perpetuals. This analysis breaks down TVL, trading volumes, adoption, risks, and investor outlook.

How the Sale Works

Lombard and Its Core Token LBTC

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Investor Backing and the Role of $BARD

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Why Buidlpad?

Positioning in the Bitcoin DeFi Landscape

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Takeaway

Lombard Staked BTC

USD1

Bitcoin

Lombard

3D Lombard logo on a soft gradient background

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Lombard is launching its token sale on Buidlpad, raising $6.75M at a $450M FDV. With no vesting, a strong investor base, and integrations across DeFi, this sale could be one of the year’s most closely watched.

Polychain Capital

Franklin Templeton

Bybit

Nomad Capital

Lombard $BARD Sale on Buidlpad

Perena (SOL) Echo Launchpad Sale

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Enso (ENSO) CoinList Sale Concludes with $9.2M Raised

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Hana Network (HANA) TGE Sale (100% Unlocked)

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Pipe Network (PIPE) CoinList Sale on June 26

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Arcium (ARX) Upcoming Legion Launchpad Sale

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Infographic of top public token sales in June 2025 including Perena, Enso, and Hana.

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Key Takeaways

Ethereum

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Several high-profile token sales closed June. Perena launched on Echo, Enso raised $9.2M with 100% unlocked tokens, and Hana sold at $0.04 (FDV $40M). Pipe raised ~$10M on CoinList, and Arcium plans a public sale via Legion. Demand remained strong.

Anagram Crypto

Borderless Capital

Maelstrom

Multicoin Capital

Solana Ventures

Robot Ventures

Jordi Alexander

Top June 2025 Token Sales (Perena, Enso, Hana, Pipe, Arcium)

Malta

YZi Labs is an investment firm formerly known as Binance Labs that invests in all stages of development in the fields of Web3, artificial intelligence (AI), and biotechnology.

Activist investor focused on machine economies, accelerated by open-source intelligence, and settled on trustless value networks.

GenerativeVentures

Aptos

V3V Ventures

Astera Ventures supports entrepreneurs transforming technology and society.

Astera Ventures

Informed Ventures

INP Capital

Deep Mind

Summer Sun Capital

Carry Investment

AllScale

Amber Group is a one-stop crypto finance service provider that provides liquidity provision, trading and asset management services 24/7.

Amber Group

China

Early stage venture capital fund focusing on Asia/US cross-border technology investments.

Draper Dragon

Hong Kong

Cyberport Hong Kong is an ICT hub providing facilities and broadband network services to ICT industry startups and entrepreneurs.

Cyberport Hong Kong

Y2Z Ventures is a long-term venture mainly focused on Metaverse and Web 3.0.

Y2Z Ventures

Oak Grove Ventures is an early-stage investment firm with a primary focus on advanced technology sectors.

Oak Grove Ventures

Seychelles

KuCoin Ventures was founded in 2017 and is from Seychelles. KuCoin Ventures has made 31 investments so far, the most recent investment project is Port3 Network, and the investment announcement time is October 23, 2023

According to the CoinCarp fundraising database, KuCoin Ventures has invested in 8 Web3 projects, 5 DeFi projects, 3 NFTs projects, 2 Infrastructure projects and 1 Others projects. Among all, 42.11% of KuCoin Ventures's investments are Web3 projects.

KuCoin Ventures

BlockBooster

Movemaker

predict.fun

Funes

Animoca Brands is a global digital entertainment company that specializes in the development and publishing of mobile games, blockchain-based games, and non-fungible tokens (NFTs). They are known for creating and publishing a wide range of popular games, including licensed intellectual properties such as Formula 1, Doraemon, and MotoGP. Animoca Brands is also heavily involved in the blockchain gaming space, leveraging the benefits of blockchain technology and NFTs to create unique gaming experiences.

Animoca Brands

Singapore

Crypto.com is a payment and cryptocurrency platform that empowers users to buy, sell, and pay with crypto.

Crypto.com

United States of America

Gate.io

Standard Money

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector.

IDG Capital

Sign

Sequoia Capital is a renowned venture capital firm with a strong presence in Silicon Valley and a global reach. Founded in 1972 by Don Valentine, it has played a significant role in the growth and development of numerous technology companies.

Sequoia Capital

Balaji S. Srinivasan is the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. He was previously CEO at Earn.com, which was recently sold to Coinbase. Prior to taking the CEO role at Earn.com, Dr. Srinivasan was a General Partner at Andreessen Horowitz. Prior to joining a16z, he was the cofounder and CTO of FoundersFund-backed Counsyl, where he won the Wall Street Journal Innovation Award for Medicine and was named to the MIT TR35. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including an online MOOC in 2013 which reached 250,000+ students worldwide.

Balaji Srinivasan

IOSG Venture is an early-stage fund for decentralized protocols and companies. Early-stage algorithm-based ventures.

IOSG Ventures

HashKey Capital is a blockchain and cryptocurrency-focused venture capital and investment firm based in Hong Kong. They specialize in funding and supporting early-stage blockchain and cryptocurrency projects, startups, and companies.

HashKey Capital

Hack VC is a web3 venture capital firm. Hack VC partners with online and offline hackers who are building the future of the internet.

Hack VC

Draper Associates is a global venture capital firm that invests in companies driving transformative change across industries.

Draper Associates

Cayman Islands

GBV Capital focuses exclusively on investment related to blockchain technology, digital currency, and cryptocurrency

GBV Capital

NGC Ventures is one of the largest institutional investors of blockchain technologies, and has been a key contributor to a number of leading projects.

NGC Ventures

Shima Capital is an early stage VC firm investing in disruptive web3 and blockchain technology companies.

Shima Capital

India

Sandeep Nailwal

Mirana Ventures is a leading global investment fund that provides long-term capital and strategic partnerships to visionary founders and fund managers in the Web3 space.

Mirana Ventures

Tess Hau is an investor and advisor to high-performing startups, deep tech companies, and extraordinary founders across the world.

Tess Ventures

Innovating, venturing, and catapulting forward the next generation of teams/companies

Infinity Ventures Crypto (IVC)

Folius Ventures invests, popularizes, and participates in the construction of the Web3 ecosystem.

Folius Ventures

Mask Network is the Portal to the New, Open Internet.

Mask Network

Matrixport is a digital assets financial services platform where users can invest, trade, and leverage crypto assets.


SUI Sui	$1.47	−2.12%	$5.51 B	$14.74 B	$0.50	2.95x	$0.03	32.00x
ASTER Aster	$0.758	−7.83%	$1.88 B	$5.98 B	--	--	--	--
ENA Ethena	$0.2114	−5.05%	$1.63 B	$3.17 B	--	--	--	--
APT Aptos	$1.56	−1.33%	$1.17 B	$1.85 B	--	--	--	--
CAKE PancakeSwap	$1.91	−6.77%	$641.53 M	$667.87 M	--	--	--	--
CRV Curve DAO	$0.3589	−2.63%	$511.03 M	$836.83 M	$0.40	0.90x	--	--
INJ Injective	$4.85	−2.64%	$484.56 M	$484.70 M	$0.0833	58.22x	$0.40	12.13x
TIA Celestia	$0.51	−0.74%	$435.41 M	$509.20 M	$0.00943	54.08x	--	--
TWT Trust Wallet Token	$0.9491	−2.65%	$407.81 M	$948.57 M	--	--	--	--
BTT BitTorrent	$0.0₅39	−0.29%	$384.56 M	$386.10 M	$0.0₅1772	2.20x	$0.0₅12	3.25x
PENDLE Pendle	$1.98	−1.50%	$324.23 M	$556.02 M	$0.1394	14.20x	$0.7971	2.48x
GALA Gala	$0.00654	−1.91%	$306.14 M	$306.14 M	--	--	--	--
CHZ Chiliz	$0.03011	−0.85%	$305.40 M	$305.40 M	$0.0215	1.40x	--	--
ZRO LayerZero	$1.41	−1.92%	$286.11 M	$1.41 B	--	--	--	--
1INCH 1INCH	$0.1586	−4.02%	$221.95 M	$237.45 M	$1.50	0.11x	--	--
LUNC Terra Luna Classic	$0.00003904	−1.71%	$213.94 M	$252.89 M	$0.4825	--	--	--
EGLD MultiversX	$6.84	−1.43%	$197.56 M	$197.59 M	$0.50	13.68x	$0.65	10.52x
BARD Lombard	$0.7878	2.53%	$176.56 M	$784.70 M	--	--	$0.45	1.74x
FTT FTX Token	$0.5268	−2.76%	$172.80 M	$172.80 M	$0.4166	1.86x	--	--
SFP SafePal	$0.3192	−0.12%	$159.35 M	$159.35 M	$0.035856	17.37x	$0.10	3.19x

YZi Labs (prev Binance Labs)

About YZi Labs (prev Binance Labs)

Recent Investment

Top Performance

Investments Portfolio