QCP analysts explained the growth of the BNB rate by the activity on Binance Launchpool
The platform allows exchange users to earn tokens of new projects in exchange for blocking BNB
14.03.2024 - 13:35
828
2 min
0
What’s new? Analysts of the trading company QCP Capital have analyzed the dynamics of the rate of the native token of the crypto exchange Binance (BNB) and concluded that it is closely related to the activity on the platform for launching new projects Binance Launchpool. QCP noted that the exchange “has managed to create a virtuous self-reinforcing cycle” for BNB through Launchpool.
What else is known? Binance’s Launchpool platform, which was launched in September 2020, allows you to block BNB or FDUSD stablecoins to provide funds to a liquidity pool and be rewarded in return with tokens of new projects as part of a farming program. Farming typically lasts for a few days, after which Binance conducts a distribution and listing of the new asset.
QCP noted that users often sell farmed assets to reinvest the funds into BNB tokens that can be locked for rewards in new farming programs. Thus, users seek to increase the profitability of participation in a new project.
At the same time, QCP emphasized that recently new projects on Binance Launchpool appear very often, in connection with which reinvestment in BNB token occurs almost weekly.
By March 14, 49 projects had launched on the Binance Launchpool. Some of the latest were tokens of Aevo, a decentralized crypto derivatives trading exchange, ether fi, a decentralized liquid restaking protocol, and Pixels, a Web 3.0 game.
On March 14, the BNB exchange rate rose to its highest since December 2021 at $601,98, but it is still 11% below the record set in May 2021 ($675,1). Meanwhile, the asset has added 37,3% in the last week and 93,3% since the beginning of the year.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$65 634
BTC
-2.45%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.22
XRP
-0.63%
-
Dogecoin
$0.092949
DOGE
-1.02%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$628.6
ZEC
+3.67%
-
Cardano
$0.205629
ADA
-4.64%
-
Stellar XLM
$0.214138
XLM
-2.56%
-
Polkadot
$3.32
DOT
+5.27%