A brand new report exhibits that Binance nearly has a monopoly within the CEX market when it comes to crypto airdrop distribution and staking rewards. In 2024, the change obtained $2.6 billion of a complete of $2.7 billion in rewards, amounting to 94% of all the market phase.
In an unique press launch shared with BeInCrypto, Binance additionally revealed that it’s making substantial adjustments to its airdrop providers to enhance person expertise and make participation simpler.
Binance Leads the Market in Crypto Airdrops
Binance, the world’s largest crypto change, has turn out to be the go-to platform for airdrops and staking rewards. It launched the HODLer airdrop program lower than a yr in the past, offering many new initiatives with a complete platform to reward early adopters.
Up to now yr, the change has turn out to be synonymous with the most recent airdrops, as most customers are accessing their rewards by means of the platform.
Exchanges with Most Launchpool Rewards and Airdrops in 2024. Supply: CoinMarketCap
Based mostly on this spectacular efficiency within the airdrop sector, Binance has considerably upgraded a couple of of its providers. The platform has revamped its Launchpool and BNB Earn pages, making it simpler for customers to each monitor and take part in airdrops.
“With these upgrades, we’re making it simpler than ever for customers to unlock the complete potential of BNB and take part in high-quality token launches. The redesigned Binance Launchpool and BNB pages replicate our dedication to person schooling, simplicity, and maximizing rewards,” stated Jeff Li, VP of Product at Binance.
The up to date BNB web page will give Binance customers key advantages, comparable to real-time info on airdrops throughout its platforms, together with Launchpool, Megadrop, and HODLer Airdrops.
Customers can even see options like buying and selling payment reductions, VIP perks, and a historic rewards part. These enhancements are designed to assist the agency preserve its important dominance whereas persevering with to give attention to integrity.
Hopefully, these enhancements will enable the agency to keep up its important dominance whereas sustaining its normal integrity. Final month, Binance Analysis recognized some systemic issues with airdrops typically, and the change appears significantly involved with its popularity.
