🔶 𝗕𝗶𝗻𝗮𝗻𝗰𝗲 𝗟𝗮𝗯𝘀 𝗢𝘂𝘁𝘀𝗵𝗶𝗻𝗲𝘀 𝗥𝗶𝘃𝗮𝗹𝘀 𝗶𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗟𝗮𝘂𝗻𝗰𝗵𝗽𝗮𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀
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.
👀 𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘄𝗶𝘁𝗵 𝗸𝗲𝗲𝗻 𝗲𝘆𝗲𝘀 𝘁𝗵𝗮𝘁 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝘆 𝗟𝗮𝘂𝗻𝗰𝗵𝗽𝗼𝗼𝗹'𝘀 𝗲𝗮𝗿𝗹𝘆 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀?
We've compiled data on 𝟯𝟬 Binance 𝗟𝗮𝘂𝗻𝗰𝗵𝗽𝗼𝗼𝗹 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 since November 2021, 𝘄𝗶𝘁𝗵 𝗮 𝘁𝗼𝘁𝗮𝗹 𝗼𝗳 𝟮𝟴𝟴… — 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 Labs’ 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 Gemini’s 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.
