New reports show that Binance is almost dominated by the CEX market in terms of crypto airdrop distribution and staking rewards. In 2024, the exchange received a total of $2.7 billion in compensation, equivalent to 94% of the total market segment.
In an exclusive press release shared with Beincrypto, Binance also revealed that it has made significant changes to its Airdrop service to improve the user experience and facilitate participation.
Binance is leading the market with air drops of crypto
The world’s largest crypto exchange, Binance has become the go-to platform for airdrops and staking rewards. The Hodler Airdrop program was launched a year ago, providing many new projects with a comprehensive platform to reward early adopters.
Over the past year, exchanges have become synonymous with the latest airdrops as most users have accessed rewards through the platform.
Exchange for AirDrops with most LaunchPool rewards for 2024. Source: CoinMarketCap
Based on this impressive performance in the airdrop sector, Binance has significantly upgraded some of its services. The platform has revamped the LaunchPool and BNB acquisition pages to make it easier for users to track and participate in Airdrops.
“These upgrades make it easier than ever for users to unlock the full potential of BNB and take part in the launch of high-quality tokens. The redesigned Binance LaunchPool and BNB pages reflect our commitment to maximizing user education, simplicity and rewards.
The updated BNB page offers important benefits for Binance users, including real-time information on airdrops across the platform, such as LaunchPool, Megadrop, and Hodler Airdrops.
Users will also see features such as discounts on transaction fees, VIP perks, and historic rewards section. These improvements are designed to help businesses maintain critical control while continuing to focus on integrity.
Hopefully, these improvements will allow businesses to maintain their critical control while maintaining normal integrity. Last month, Binance Research identified several systematic issues with airdrops in general, and the exchange appears to be particularly relevant to its reputation.
