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According to a recent analysis, Axie Infinity has emerged as the most profitable Binance Launchpad project, with the highest returns of 1,649x. Following Axie Infinity, the Plasma-enabled Layer-2 scaling solution Polygon (MATIC) Network, boasts returns of 1,110x, securing the second position. The analysis revealed that nine of the total ten most profitable projects saw their all-time highs in late 2021.
Binance Launchpad is a platform offered by the leading crypto exchange Binance to give its users access to promising crypto tokens from different projects. Axie Infinity, a Pokémon-inspired digital pet universe is the 17th project on Binance Launchpad, which the exchange introduced in October 2022. Though the AXS token was priced at $0.10 at the time of launch, it jumped to a high of $164.90 in November.
Polygon was introduced on Binance Launchpad in April 2019 with an initial token price of $0.00263. It reached its all-time high on December 27, 2021, at $2.92. At the press time, MATIC was priced at $0.5735 on Binance with a 24-hour trading volume of 231,442,005.
The online gaming platform The Sandbox was launched on Binance Launchpad in August 2020 and is ranked third in the list of the most profitable Launchpad projects, with returns of 1,008x. The initial price of The Sandbox token SAND was $0.008333, and it reached a high of $8.40 in November 2021.
The 28th project on Binance Launchpad, StepN (GMT), became the most successful project between 2022-2023, with 10x higher returns than the other projects launched over the same period. By today’s standards, Polygon’s net returns are 41x while StepN boasts returns tenfold higher, at 411x.
Previously, the crypto analytics firm CryptoRank revealed that Binance is the top Launchpad exchange in terms of average return on investment (ROI) and all-time highs. As per the research, the average ROI of Binance Launchpad stood approximately at 17.66x.