Binance Labs, the $10 billion venture capital and incubation arm of cryptocurrency exchange Binance, has made a strategic investment in Solayer, the Solana restaking protocol. Although the exact amount of the investment has not been disclosed, this move underlines that Binance Labs continues to focus on the crypto staking and restaking sectors.
The investment in Solayer is part of Binance Labs' broader strategy to support various staking projects across multiple blockchain ecosystems. Recent investments include Ethereum liquid staking protocols such as Puffer Finance and Renzo, Bitcoin staking protocol Babylon, and Berachain liquid staking protocol Infrared.
*This is not investment advice.