Binance Labs, the venture capital arm of Binance cryptocurrency exchange has been earmarked as the VC with the largest Launchpool Projects amongst top investment firms.
Binance Launchpool Contribution Data
In a recent report from Root Data Labs, the Web3.0 asset data platform claimed to have compiled data on 30 Binance Launchpool projects since November 2021. For these Launchpool projects, Root Data Labs identified participation from a total of 288 institutional and individual investors.
Out of all these projects, Binance Labs “took the lead by hitting 21 projects with 190 investment portfolios, achieving an 11.05% hit rate for Launchpool,” Root Data Labs reported on X.
Firms like OKX Ventures, Coinbase Ventures, Dragonfly, Polychain Capital, and g scott russ have plunged their investments in about five Launchpool projects. Meanwhile, Binance Labs invested in only two out of the eight projects that were launched recently and this was due to a previous controversy about “nepot
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