SAGA became Binance Launchpool attracting the largest amount of staking, reaching 13 billion USD
Interest in the upcoming token of Layer 1 blockchain network Saga (SAGA) is huge, after Saga was announced by Binance as the 51st Launchpool project.
In fact, Binance users broke the record for the most cryptos staked in Launchpool programs ever.
Specifically, Binance users staked more than $13.1 billion in Binance Coin (BNB) and stablecoin FDUSD to earn a portion of the total 45 million SAGA tokens offered through Launchpool, equivalent to half of the total initial circulating supply. of tokens.
A gaming token, Portal (PORTAL), previously set a record of $8.6 billion on the Binance Launchpool in February. But thanks to BNB's rising price, every Launchpool launched since then has easily surpassed it. that number.
Recent Launchpool projects such as Ethena (ENA) and Ether.fi (ETHFI) have approached the $13 billion mark, however SAGA has broken this milestone. Decrypt has confirmed that this is a new record for the amount of coins staked.
Binance will list the SAGA token at 9pm on April 9, and in the meantime, nearly 400,000 of the exchange's users are staking BNB or FDUSD to earn SAGA at launch.
Saga is a Layer 1 blockchain created to provide a toolkit for projects to develop their own chains. The project has raised $13.5M in capital through 3 rounds from names: Placeholder, Samsung Next, GSR,...
In just 2 years, the Saga ecosystem has expanded from 0 to more than 350 projects, 80% of which are in the Game segment. Recently, Saga is also launching an in-house game publisher called Saga Origins.
đŻ Rebecca Liao (Co-founder & CEO of Saga) also expressed amazement with this milestone:  âIt's really crazy. We did not foresee this at all.â
