Zircuit, a Layer 2 (L2) blockchain project, announced the launch of mainnet Phase 1, marking a major milestone for the network. With the activation of Zircuit Mainnet nodes, the project also opened requests for Season 1 airdrops, rewarding early contributors and participants.
Zircuit, which previously received investment from Binance Labs, the investment arm of the cryptocurrency exchange, has a Total Locked Value (TVL) exceeding $2.5 billion.
Yi He, Co-Founder of the Exchange and President of Binance Labs, made the following comment about his company’s investment in the project:
“At Binance Labs, we support projects that innovate on Web3 and accelerate the blockchain industry. Zircuit offers a more secure L2 solution thanks to sequencer-level security integration, and we look forward to watching this solution grow and evolve further.”
Zircuit’s Co-Founder Dr. Martin Derka said:
“Zircuit was born from cutting-edge scalability and security research. We are innovating on a deep technical foundation and making Ethereum safer for the next billion users. “We are thrilled to have Binance Labs join us on this journey.”
*This is not investment advice.