Great Domination in the Most Innovative Projects of the Cryptocurrency World!

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Root Data Labs, a Web3.0 asset data platform, has launched 30 different databases since November 2021. Binance Collected data on the Launchpool project. Participation of a total of 288 corporate and individual investors in these projects was determined. was done.

According to Root Data Labs’ report, Binance Labs took the top among all these projects and reached 21 projects with a hit rate of 11.05%. As we reported as Koinfinans.com, the stock market has 190 investment portfolios in total.

Other investment firms include names such as OKX Ventures, Coinbase Ventures, Dragonfly, Polychain Capital and g scott russ. These companies have invested in approximately five Launchpool projects. However, Binance Labs It was able to invest in only two of the eight projects launched recently, and the reason for this was some negative developments that involved the stock market in previous discussions. This shows that Launchpool now has a more fair structure.

Among a total of 288 investors, the average hit rate did not exceed 2%. However, names like Gemini’s Frontier Fund, Draper Dragon, LightSpeed โ€‹โ€‹and Folius Venture achieved more than 5% respectively.

Kin Warwick, founder of Synthetix, one of the individual investors, stands out with a hit rate of 8.77%. Additionally, platforms such as Ethena and EthHub also have high hit rates, making remarkable investments.

On the other hand, only three of the Andreessen Horowitz (a16z) investment portfolio made it to the Binance listing. Although the reason for this is not clear, the data platform speculates that this may be more due to the investment firm’s Web3.0 trading boundaries and regulatory innovations. He notes that a16z’s recent investments have focused on areas such as crypto, food and even beauty.

Binance Labs is currently working on the 53rd Launchpool project, and this project was announced a few days ago. This project is called Renzo and is planned to be released on April 30, 2024. Previously, Omni Network (OMNI), the 52nd project of Binance Launchpool, attracted attention.

In the first week of this month, Binance introduced Saga (SAGA) as its 51st Launchpool project, offering users the opportunity to stake BNB and FDUSD to collect SAGA tokens. This move once again proves Binance’s dominance of the Launchpool ecosystem.


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