• 26 May, 2024
News

Binance Launchpool Floods Market While OKX Jumpstart Leads in Valuation

Binance Launchpool and OKX Jumpstart have emerged as significant platforms for new project launches. As per RootData, an Onchain & OffChain Data firm, the projects debuted on these platforms post-2021 sheds light on intriguing trends regarding project valuations and quantities.

Comparing the offerings of Binance Launchpool and OKX Jumpstart reveals a fascinating dichotomy. While Binance Launchpool boasts a higher quantity of projects, their valuations tend to be lower on average compared to those on OKX Jumpstart. This observation underscores the diversity and varying scales of projects entering the market through these platforms.

Diving deeper into the data, it’s evident that Binance Launchpool projects, on average, exhibit a valuation of approximately $217 million after excluding outliers. Conversely, OKX Jumpstart projects command a significantly higher average valuation of around $373 million. These figures reflect the diverse investment landscapes and strategic focuses of these two leading exchange platforms.

Source:  RootData

Furthermore, analyzing the cumulative valuation of projects launched on both platforms post-2021 reveals intriguing insights. Binance Launchpool projects, totaling 20 with disclosed valuations, amass a valuation of $5.94 billion, maintaining a relatively steady valuation trajectory. Conversely, OKX Jumpstart, with ten projects disclosing valuations, boasts a cumulative valuation of $5.01 billion, showcasing a notably higher average valuation per project.

Noteworthy is the emergence of projects like PolyHedra and Meson Network, whose final round valuations are anticipated to surpass the billion-dollar mark. Such milestones underscore the maturation and growing significance of projects incubated through these exchange platforms.

Source:  RootData

The graphical representation accompanying the data vividly illustrates the fluctuating yet generally upward trajectory of project valuations. Peaks and dips punctuate the line graph, with standout moments like the surge in valuation for “Sui” in September 2022 and subsequent recoveries for other projects, signaling the volatile nature of cryptocurrency markets.

Moreover, a trend analysis reveals a bullish outlook for these projects, particularly evident in the sharp rise in valuations from late 2023 into 2024. This upward trend suggests either increasing investor confidence in these technologies or significant milestones achieved by the projects, propelling their valuations to new heights.

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