Binance Wallet has recently hosted five Token Generation Events (TGEs) for new projects, receiving strong engagement from users and contributions in BNB. Some of the projects are AlayaAI ($AGT), ALLO ($RWA), Elderglade ($ELDE), Reddio ($RDO), and CUDIS ($CUDIS). These events are an indication that the demand for curated token launches in the Binance self-custody ecosystem is high.
Reddio Pops Binance TGEs while $CUDIS Wraps with Solid Turnout
Reddio led the pack among the five launches with 25,649 BSC participants and a total of 76.9K BNB. Elderglade came in second, with 19,156 participants and 57.4K BNB. In contrast, 55.7K BNB was raised by AlayaAI with 18,594 contributors, and ALLO managed to obtain 44.2K BNB from 14,738 contributors.
CUDIS has also conducted the most recent TGE on June 5, where 17,793 people took part, contributing 53.3K BNB. Each project interested users on the Binance Wallet platform, with revenue and market capitalization fluctuating regardless. The average revenue per user also varied, from $75 for Reddio to $105 for CUDIS.
Market Valuation in Terms of Token Generation Events (TGEs)
Investors respond to the market capitalization figures in distinct ways. However, $CUDIS stands out with its post-TGE market cap at $30.1 million, with AlayaAI standing second by leading at $44.5 million. Reddio was at $17.9 million, ALLO at $12.8 million, and Elderglade at $5.9 million.
It also shows that investors are not having a rosy sentiment about their investments. The most diluted is AlayaAI, which raised $159.1M, followed by $121.7M CUDIS. Reddio and Elderglade raised $92.1 million and $25.0 million, respectively, and ALLO reported a valuation of $71.2 million.
These figures also give us an outlook on long-term potential and circulating supply forecasts. The results are in line with the Binance Wallet Platform’s focus on offering early access to token projects with structured metrics to help users join a transparent TGE process.
