Binance Labs has invested an undisclosed amount in Zircuit, a developer of Ethereum layer 2 networks. Binance Labs stated on Tuesday that Zircuit is a zero-knowledge aggregator with "sequencer-level security supporting AI." The company added that its investment will help Zircuit further develop and expand its network.

Since its deposit opening, the new Ethereum Layer 2 network Zircuit has attracted over $128 million in deposits within 24 hours. Zircuit accepts Ethereum, stETH, ezETH, rswETH, rsETH, and LsETH tokens. The largest depositor so far is wallet address 1ef2, which has deposited over $22 million worth of stETH and rsETH tokens.

Zircuit, a new zero-knowledge rollup supported by layer two research, has launched its public testnet. The platform is fully compatible with Ethereum and allows developers to deploy existing DApps with minimal changes. Zircuit uses a hybrid approach that combines zero-knowledge proofs with optimistic infrastructure to reduce fees and increase transaction speeds. The platform also offers a secure environment for developers to test their DApps before launching on Ethereum mainnet.