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๐ถ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐ฎ๐ฏ๐ ๐ข๐๐๐๐ต๐ถ๐ป๐ฒ๐ ๐ฅ๐ถ๐๐ฎ๐น๐ ๐ถ๐ป ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ฎ๐๐ป๐ฐ๐ต๐ฝ๐ฎ๐ฑ ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐๐
Binance Labs, the venture capital arm of leading cryptocurrency exchange Binance, has cemented its position as the most active investor in Launchpool projects, according to a recent report by Root Data Labs.ย
๐ ๐ช๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ๐ ๐๐ถ๐๐ต ๐ธ๐ฒ๐ฒ๐ป ๐ฒ๐๐ฒ๐ ๐๐ต๐ฎ๐ ๐ถ๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ ๐๐ฎ๐๐ป๐ฐ๐ต๐ฝ๐ผ๐ผ๐น'๐ ๐ฒ๐ฎ๐ฟ๐น๐ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐?
We've compiled data on ๐ฏ๐ฌ Binance ๐๐ฎ๐๐ป๐ฐ๐ต๐ฝ๐ผ๐ผ๐น ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ since November 2021, ๐๐ถ๐๐ต ๐ฎ ๐๐ผ๐๐ฎ๐น ๐ผ๐ณ ๐ฎ๐ด๐ดโฆย โ RootData
The data analytics platform revealed that Binance Labs has participated in a staggering 21 out of 30 Launchpool projects since November 2021, amassing 190 investment portfolios.
Comparable to other well-known venture capital firms like OKX Ventures, Coinbase Ventures, and Polychain Capital, which have each invested in roughly five Launchpool startups, Binance Labs has an astounding 11.05% strike rate.
This outstanding result highlights Binance Labsโ methodical approach to spotting innovative cryptocurrency businesses and seizing early funding chances.
While the average hit rate among the 288 investors did not exceed 2%, notable players like Geminiโs Frontier Fund, Draper Dragon, and individual investors like Synthetix founder Kin Warwick have achieved hit rates exceeding 5%, showcasing their ability to identify potential winners in the competitive Launchpool arena.
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