Analysts quantify the ‘X’ multiples of Binance Launchpad’s most successful projects

Since its launch in December 2017, the value of the ten tokens from the most successful projects launched with Binance Launchpad has risen by 113x to 1,649x. Such assessments were provided by analysts CoinGecko.

Analysts compared the tokens’ ATHs with their initial prices.

The top ten are as follows:

• Axie Infinity (AXS) — 1649x;
• Polygon (MATIC) — 1110x;
• The Sandbox (SAND) — 1008x;
• MultiverseX (EGLD) — 839x;
• StepN (GMT) — 411x;
• WazirX (WRX) — 294x;
• Stella (ALPHA) — 147x;
• Harmony (ONE) — 119x;
• Cartesi (CTSI) — 116x;
• BitTorrent (BTT) — 113x.

The top performer in the Top-10 — AXS — peaked at about $164.9 in November 2021. On the platform, during the sale, its price stood at $0.10.

Price peaks for MATIC ($2.92) and SAND ($8.40) occurred in December and November 2021. On Launchpad they were priced at $0.00263 and $0.008333 respectively.

Fifth on the list, StepN led Binance Launchpad’s profitability rating for 2022-2023. All seven projects launched in this period showed positive momentum:

• StepN (GMT) — 411x;
• SpaceID (ID) — 41x;
• Hooked Protocol (HOOK) — 41x;
• League of Kingdoms (LOKA) — 34x;
• Open Campus (EDU) — 33x;
• Arkham (ARKM) — 16x;
• Alpine F1 Team Fan Token (ALPINE) — 11x.

Returns from Binance Launchpad participation have declined over the past two years, a trend tied to the crypto winter.

To recall, for ARKM tokens recipients during the sale on the service, 114,454 participants locked 10.18 million BNB ($2.4 billion).

In July, the analytical platform announced the “first in the world” on-chain data marketplace. The Arkham Intel Exchange marketplace lets users publish and request information about protocols and digital assets for a reward.

Subsequently the platform published requests to search for information about the hacker who breached FTX and to detect wallets of Do Kwon.

Also Arkham Intelligence linked an address, which has been receiving millions of dollars from NFT sales, to former U.S. President Donald Trump and began tracking him.