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Cryptocurrency News Articles

New Binance Listings in 2024: A Closer Look

Oct 24, 2024 at 10:02 pm

Binance is always looking for new cryptocurrencies to make available to its tens of millions of users. Let's take a closer look at the latest coins to be listed on Binance in 2024.

New Binance Listings in 2024: A Closer Look

Binance, the world's largest cryptocurrency exchange, frequently updates its roster of available cryptocurrencies. These listings can substantially influence the crypto markets, with some coins experiencing significant price rallies upon being announced for listing on Binance.

In 2024, Binance has already listed several promising cryptocurrencies, and the exchange is expected to continue adding new coins throughout the year. Here's a closer look at the new Binance listings in 2024 and some potential candidates for future listings.

New Binance Listings

Binance is renowned for listing a vast array of cryptocurrencies, catering to the diverse needs of its users. In 2024, the exchange has already introduced several promising coins. Let's delve into the details of each new cryptocurrency listed on Binance in 2024.

1. Scroll (SCR)

As a layer 2 scaling solution for Ethereum, Scroll is powered by zero-knowledge (ZK) rollup technology. The Scroll team plays a pivotal role in developing the zkEVM, which enables the generation of zero-knowledge proofs for general Ethereum Virtual Machine (EVM) verification.

This capability allows any Ethereum-based application to be effortlessly deployed on Scroll, in contrast to earlier ZK-rollup solutions that were limited to supporting specific applications.

Since its mainnet launch in October 2023, Scroll has quickly ascended to become one of the leading Ethereum scaling solutions. According to L2Beat, it currently ranks as the 6th largest Ethereum layer 2 in terms of Total Value Locked (TVL).

Several major decentralized applications (dApps) have already been deployed on Scroll, including prominent projects such as Aave, Lido, Safe, EtherFi, and many others.

Trade Scroll (SCR) on Binance

2. Lumia (LUMIA)

Modular layer 2 blockchain, Lumia, is designed to revolutionize the real-world asset (RWA) market by digitizing physical assets. The platform aims to bridge the gap between the digital and physical worlds, enhancing blockchain's application in RWAs.

Lumia introduces a next-generation modular L2 solution that delivers deep liquidity, high capital efficiency, and vital infrastructure designed for the future of decentralized finance.

With a focus on RWAs, Lumia aims to create a more efficient, secure, and scalable blockchain ecosystem, making tokenized assets more accessible through its decentralized physical infrastructure networks (DePINs). This approach helps integrate real-world assets into the blockchain space, ensuring greater utility and adoption of tokenized assets.

Trade Lumia (LUMIA) on Binance

3. EigenLayer (EIGEN)

As an Ethereum restaking protocol, EigenLayer is built around the concept of "pooled security." In simple terms, users who have already staked their ETH can restake it through EigenLayer, allowing the protocol to pool these funds and offer its security to external services like bridges, liquid staking protocols, and others.

By utilizing EigenLayer's pooled security, these services can significantly reduce the likelihood of protocol attacks, as EigenLayer essentially extends Ethereum's blockchain security to cover additional protocols built on the same network.

Users who restake their ETH with EigenLayer help secure the services connected to the protocol and, in return, earn staking rewards for their contributions.

Trade EigenLayer (EIGEN) on Binance

4. Hamster Kombat (HMSTR)

A popular Telegram tap-to-earn game, Hamster Kombat, debuted as a Telegram mini-app in March 2024. Similar to other popular Telegram games, it operates as a "clicker" game where players earn points by tapping their screen repeatedly. Players can boost their rewards by using points to buy upgrades and completing daily challenges.

A key factor behind Hamster Kombat's success is that playing the game grants users eligibility for a token airdrop on the TON Blockchain, allowing their in-game rewards to have real-world value. However, the actual rewards per player have been lower than expected, leading to some dissatisfaction within the community. Despite this, Hamster Kombat successfully conducted one of the biggest Telegram airdrops of all time.

Trade Hamster Kombat (HMSTR) on Binance

5. Catizen (CATI)

As a fast-growing mini game on Telegram with a user base of over 16 million players, Catizen has gained immense popularity. Being a play-to-earn game, players manage and raise virtual cats, earning in-game currency known as vKITTY.

Players can accumulate vKITTY through various activities, such as having visitors interact with their cats or merging two cats of the same level to create a higher-level cat, which boosts their earning potential.

Built on The TON blockchain, Catizen integrates NFT technology, enabling players to trade their virtual cats as digital assets. The game also features building and upgrading structures, participating in events, and purchasing items through "blind boxes," which contain

News source:coincodex.com

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