The impact of one phenomenal project often outweighs three above-average ones - a natural phenomenon in the crypto space.
By: CapitalismLab
While Binance LaunchPad has faced recent criticism, its educational initiatives continue demonstrating the platform's value to the crypto community.
We've analyzed LaunchPad historical data from 2021 to present, examining current收益水平 through objective metrics, investigating why returns feel "lackluster," and comparing BNB's打新回报率 against ETH staking yields for comprehensive收益 analysis.
Key Metrics Explained
First-Day ROI: Price increase compared to IDO price at first UTC+0:00 after launch
All-Time High ROI: Maximum historical price compared to IDO price
BNB-Based First-Day Yield: Amount of BNB obtained by selling first-day tokens from 1BNB allocation
BNB-Based Historical Max Yield: Maximum BNB obtained by selling tokens from 1BNB allocation
Performance Evaluation
Median metrics across all projects:
- First-Day ROI: 12.6x
- All-Time High ROI: 25.7x
- BNB First-Day Yield: 0.015
- BNB Historical Max Yield: 0.031
Recent post-HOOK projects show above-median performance:
- First-Day ROI median: 24.4x (1.9x historical median)
- All-Time High ROI: 1.4x median
- BNB First-Day Yield: 1.5x median
- BNB Historical Max Yield: 1.3x median
Current套利-friendly policies establish ~2% consistent BNB-based yields. This stability benefits strategies like现货做空合约打新 and Venus借贷BNB打新.
The "Lackluster" Perception Explained
Why does performance feel underwhelming? The absence of mega-performers explains it. 2021-2022 saw SFP/GMT delivering 100x+ returns - single projects outperforming dozens of others. The last comparable performer (GMT) appeared over a year ago.
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Phenomenal projects like GMT achieved 0.46 BNB historical max yield (1BNB allocation returning 0.46BNB), while SFP yielded 1.56BNB! Current 0.0X yields pale in comparison psychologically.
Interestingly, SFP/GMT showed modest ~12x first-day ROIs - half of Hook/EDU's performance. Newer projects may yet develop given current bear market limitations on ponzi mechanisms.
BNB vs. ETH Yield Comparison
BNB LaunchPad annualized returns compared to ETH staking:
- Past 2.5 years: 14% annualized (36% total) first-day selling
- Including Launchpool: 21% annualized (52% total) - over 2x ETH's yield
Recent bear market performance:
- BNB: 9.5% annualized
- ETH staking: ~6%
BNB maintains >50% higher yields even in downturns.
Future bull markets may bring:
- ETH: Potential MEV-driven yield increases
- BNB: Quantity/ROI double增长
While ETH has 2-3x质押率 growth potential (possibly diluting yields), BNB's fixed ~10M allocations and historical performance suggest greater弹性.
BNB's faster通缩速度 historically correlates with BNB/ETH price appreciation, making yield comparisons valid despite different monetary policies.
Key Takeaways
- Recent LaunchPad projects deliver 1.3-1.9x historical median yields with stable ~2% BNB-based first-day returns - ideal for套利 strategies
- Negative sentiment stems from 1+ year without SFP/GMT-level performers (1BNB→1.5BNB returns)
- Current BNB打新年化收益 (~9.5%) outperforms ETH staking by 50%, with historical牛市 premiums reaching 2x+
- Future returns may hinge on ecosystem development - ETH's L2 progress vs. BNB Chain innovation
FAQ Section
Q: Is BNB LaunchPad still profitable in bear markets?
A: Yes, recent projects deliver 9.5% annualized returns - 50%+ higher than ETH staking.
Q: How does BNB's yield compare historically to ETH?
A: Over 2.5 years, BNB's 21% annualized yield (with Launchpool) doubled ETH's returns.
Q: Why do LaunchPad returns feel lower recently?
A: Absence of "mega projects" like SFP/GMT that delivered 100x+ returns skews perception.
Q: What's a realistic BNB-based yield expectation?
A: Recent projects stabilized around 2% BNB-based first-day returns.
Q: Which factors could boost future BNB yields?
A: Bull market conditions may increase both project quality/quantity and token appreciation.