In August 2025, the modular liquidity protocol Mitosis (MITO) reached a key milestone as its token MITO officially commenced the Token Generation Event (TGE), launching an exclusive event in the wallet of Binance, the world's largest cryptocurrency exchange, quickly attracting widespread market attention.
Mitosis is dedicated to addressing the core pain points in cross-chain liquidity, redefining the experience of cross-chain liquidity provision (LPing). The protocol innovatively issues derivative tokens (such as miweETH) that can be exchanged 1:1 with the locked assets of liquidity providers; these derivative tokens not only represent the user's liquidity position in the cross-chain but can also be re-collateralized and used in other DeFi protocols, thereby releasing liquidity and maximizing capital efficiency. This mechanism effectively solves the problem of liquidity being 'frozen' after asset locking in traditional cross-chain bridges.
Before the official launch of the TGE, Mitosis has built a large user base through a series of carefully planned airdrops and points activities. As early as 2024, the project launched a well-known airdrop event called 'Expedition', where users could accumulate points by making deposits and completing tasks on multiple testnets such as OP, Arbitrum, and Polygon. These points can be converted into token airdrop qualifications after the mainnet goes live, achieving a true '0-cost' participation that attracted many early users to engage deeply.
On August 19, 2025, Binance announced the launch of two exclusive events within the Binance wallet, pushing the popularity of Mitosis to new heights. The first is a week-long 'Booster' event, where users can share total rewards of up to $1 million in MITO tokens by completing multi-stage tasks, which accounts for 1.5% of the total token supply. Meanwhile, eligible Binance wallet users can also participate in the MITO token TGE subscription with priority, enjoying the benefits of early investment.
Mitosis has received support from the well-known investment firm No Limit Holdings. Although the specific financing amount has not been disclosed, its strong technical philosophy and user growth strategy have proven its market potential. The project has successfully built an active and loyal user community through continuous community interaction and a transparent airdrop mechanism.
With the successful completion of the TGE and the circulation of tokens in the secondary market, Mitosis is transitioning from a highly anticipated proof-of-concept project to a truly active decentralized liquidity network. Its modular design allows it to flexibly integrate new blockchains and assets, while its derivative token model opens up new possibilities for cross-chain DeFi ecosystems. In today's increasingly solidified multi-chain landscape, Mitosis is expected to become a key infrastructure connecting various blockchains and activating liquidity across the network.
