This week, Binance launchpool tokens have drawn vital consideration as they’ve developed right into a supply of pleasure and monetary progress within the unstable crypto market. Because of this crypto customers are more and more staking these tokens to earn rewards from new cash.
In the present day’s information reported by Phoenix Group highlighted the best-performing Binance launchpool tokens by way of their weekly buying and selling quantity.
Prime 15 Binance lauchpool tokens
Sui (SUI) emerged because the top-performing Binance launchpool token, with a weekly quantity of $10.2 billion. This large buying and selling quantity signifies that customers more and more stake their Sui tokens to earn new undertaking cash as rewards on the Binance Launchpool.
The second token gaining traction on the Binance Launchpool is Ethena (ENA), which recorded a $1.2 billion weekly quantity. Toncoin (TON) carefully adopted with a $1.2 billion weekly buying and selling quantity.
Whereas Ether.fi (ETHFI) settled on the fourth place with a $636 million weekly quantity, House and Time (SXT) clinched the fifth spot with a $472 million weekly buying and selling quantity.
Different main Binance Launchpool tokens (as listed within the information) embody SEI, IO, NOT, DOGS, PENDLE, XAI, MEME, VANA, BIO, AND HIGH.
Sei (SEI) registered a $453 million buying and selling quantity, io.web (IO) had $365 million, Notcoin (NOT) skilled $313 million, and Canine (DOGS) pulled in $313 million.
Different tokens together with Pendle (PENDLE), Xai (XAI), Memecoin (MEME), Vana (VANA), Bio Protocol (BIO), and Highstreet (HIGH) additionally confirmed their prominence as highlighted by their weekly volumes within the information.
Why Binance launchpool tokens acquire traction
Binance Launchpool is a staking platform that permits customers to earn new cash by staking their present tokens. This platform serves as a gateway that permits customers to find and purchase new cash from rising tasks earlier than their official itemizing on Binance.
Launched in 2020, Binance Launchpool has remained a complicated strategy that permits customers to entry and earn from new crypto property. This platform allows customers to stake their present cash to “farm” new property over a selected length. This strategy created a method by which folks can earn rewards, denominated in new cash, with out the necessity to purchase the brand new tokens. This mechanism is gaining speedy reputation, because it presents liquidity to new crypto tasks and, on the similar time, permits customers to earn new cryptocurrencies by means of such a low-risk strategy.