Binance Labs (soon to be renamed) posted that 46 projects were invested in this year, of which 14 were from BNB chain-centric MVB initiatives or chain-agnostic lab incubation initiatives, and 32 were from direct investments. The split between infrastructure and app transactions was 50:50. Of the 46 transactions, 10 were for DeFi, 7 for AI, 7 for BTC ecosystem, 4 for Restake, 3 for gaming, 2 for ZK, 2 for RWA, and 2 for consumer apps. The remaining investments cover infrastructure (from security to wallet and chain abstraction) and emerging areas such as Move. About 20% of the investment comes from BNB ecosystem projects (its MVB initiative). Binance Labs 2025 focus areas are crypto/blockchain, artificial intelligence and biotech.