- Hyperlane launched on April 22 and identified the highest average user revenue of 200 without sharing participants’ data.
- PumpBTC and StakeStone were top performers in early April TGEs both in terms of participation and the achieved market caps.
- Binance Wallet has postponed the implementation of a unified upgrade and its $5 million airdrop for enhancement.
Recent Binance Wallet Token Generation Events (TGEs) paint a picture of the massive acceptance of multiple Web3 projects despite the delay in the Binance wallet’s relaunch. As reported by Phoenix Group, PumpBTC ($PUMP) took the most active part, with 406,000 BNB invested and more than 135,000 active users. On the same note, the average revenue per user was $40, the market cap was $53 million, and the diluted valuation was $186 million.
StakeStone followed closely with 123,148 participants, and 369,400 BNB were raised. Despite a lower average revenue of $30, its project valuation still hit $106.4 million on a $23.9 million market cap. Both projects reflect a growing demand for early-stage TGE exposure through Binance Wallet’s self-custody system.
Mind Network, which was listed on April 10, raised 224,700 BNB from 74,926 participants. It earned $25 avg. Per user and had a market cap of $23.3 million with a diluted value of around $93.9 million.
Lorenzo and Hyperlane Signal Market Shift
Lorenzo Protocol launched on the 18th of April and has attracted 62,117 participants and 186,300 BNB. Much like Mind Network, it enjoys a revenue per user of $25, which is $92.2 million in valuation.
Conversely, Hyperlane began trading on April 22 with no BNB participation or user statistics made available to the public. However, it quickly turned heads because of an average revenue figure of 200 dollars per user, the highest in the group. The project was launched with $44.9M in market capitalization and a fully diluted value of $252.8M, setting the project at the top of the overall ranking in terms of value.
This is evident because Hyperlane’s strong beginning may signal a shift in investors’ approach. This suggests that investors are willing to pay a premium for new infrastructure plays as well as those not sortable yet by current participation measures.
Binance Wallet TGE for April illustrates that investors are willing to diversify funding by scale as well as reward distribution. Earlier projects targeted wider involvement and stable revenues, whereas the release of Hyperlane hints at investors’ desire to invest in higher value – low access games.
Unified Wallet Launch and Airdrop Carnival Pushed Back
This news comes as Binance Wallet has announced the delay of the unified wallet as well as the much-hyped $5 million Airdrop Carnival. As reported in an X post, the development team pointed out that the mentioned delay was created to provide more technical preparedness and improve the user experience. There is no release date set for the next launch.
The updated bundle includes a Unified Wallet for cross-chain interaction, a Reward Center that would focus on consolidating incentives, and the Airdrop Zone with a clear purpose of consolidating token drops. These are expected to place Binance Wallet among the most preferred hubs for participation in decentralized applications (dApp).
In its report on Binance, key factors such as performance and security are claimed to be critical. The team did not choose to deploy as often as possible because the team was aiming at long-term results as opposed to short-term gains involved in frequent deployment.
