LBank will launch a more comprehensive and diversified marketing strategy, including increasing brand exposure, optimizing asset allocation, and continuing to strengthen its leading position in the global market.
In the vibrant and competitive third quarter, LBank achieved its short-term goal of leapfrog growth. From the million-dollar airdrop rewards for its anniversary celebration to the meme feast at TOKEN2049 in Singapore, LBank is evolving in an unconventional manner.
LBank continued to expand its market share in the third quarter, with registered users surpassing 12 million and daily trading volume exceeding $2 billion, while the number of new users grew by 16% year-on-year. During the third quarter, LBank launched 66 new assets, bringing users an average return of 130%, achieving rapid development at this stage.
LBank expects to further strengthen marketing and brand expansion in the fourth quarter, exploring new growth points and continuously increasing market share.
Anniversary Celebration Opens New Market Landscape, Maintaining Strong Growth Amidst Winter
In the third quarter, LBank continued its exclusive "Airdrop" welfare activities, conducting user welfare airdrops worth up to $10 million across 181 projects. As of September 30, LBank had distributed airdrop benefits to 650,000 users.
In mid-August, LBank held its ninth anniversary celebration, officially implementing the "Asset Completion" strategic plan, operating in two-day cycles to timely adjust asset portfolios and optimize allocations. During this period, LBank hosted over five large-scale events, with rewards including $1 million in prizes and a limited edition Porsche Macan 4 Electric. The events attracted nearly a million participants, with over 500,000 new users and net inflows exceeding $50 million.
As of September 30, LBank's registered users surpassed 12 million, daily trading volume exceeded $2 billion, and the average return on newly launched assets reached 130%, with new user growth of 16% year-on-year.
Focusing on Liquidity, Bridging Value Discovery Between MEME and Narrativism
In the third quarter, LBank adopted a flexible and aggressive listing strategy, launching a total of 66 new assets, of which 50 were meme assets, accounting for 75.76%. The average maximum increase of newly listed coins reached 1135.94%, including high-quality memes such as NEIRO, MOODENG, MIGGLES, FIGHT, FWOG, and CATI, which saw increases exceeding 500%.
LBank Labs focused on investing in quality asset exploration in the third quarter, with key investments in Layer 1 infrastructure Monad, L2 chain service provider Rome, and liquidity staking protocol KINTSU, concentrating on quality underlying logic support and embracing a shift towards fundamentals.
In the third quarter, LBank collaborated with several capital firms, including IOSG, ArkStream, HTX, and venture capital fund Interop, to explore future market growth points. Additionally, it actively engaged in ecological cooperation with public chains such as Avalanche, TON, and Solana, continuously promoting industry development and developer construction.
Grasping Market Pulse, Linking Market Hot Factors
In the third quarter, LBank actively participated in global industry conferences, continuously expanding into markets in Dubai, Singapore, Africa, and Southeast Asia. At TOKEN2049 in Singapore, it hosted/co-sponsored nearly 10 side events, engaging in in-depth discussions on hot topics including AI, DePIN, TON, RWA, and MEME, as well as sustainable business models and how to avoid false prosperity while meeting real demand.
In South Korea, LBank Labs co-hosted the IXO™ 2024: Ultimate Web3 Roadshow with Mask and the TON ecosystem, and jointly organized the 7th 13Desk Meet Up in Seoul with iAON and Ark of Panda, establishing close connections with top venture capitalists, KOLs, and local communities.
During TOKEN2049 in Singapore, LBank co-hosted the "Meet Your Meme" party with Shiba, Babydoge, and Saitachain, attracting over 3,000 participants, further showcasing the cultural creativity and community spirit behind memecoins.
During this period, LBank's Chief Angel Officer Eric He stated: "MEMECOIN, as a typical representation of the current attention economy, is an early form of SocialFi. This symbol of cultural identity and the narrative spirit of a new generation will continue to thrive and drive high market sentiment to a climax. As one of the earliest exchanges to track and list meme assets, LBank will serve as a capture point for MEME Alpha assets, attracting more users to engage in asset trading."
Steady Compliance, Continuing Globalization Process
In the compliance field, LBank made significant progress in the third quarter, obtaining the MTL license in Alabama and written confirmations from multiple states, allowing it to operate exchange business in the United States. Through these compliance measures, LBank further solidified its market position in the region, providing services to retail and institutional investors.
As of September 30, LBank had obtained financial regulatory licenses from multiple countries and regions, including MSB in the United States, MSB in Canada, VASP in Italy, and licenses in Australia. With the advancement of global compliance processes, LBank continues to expand its influence in different markets, striving to secure a more solid position in the future crypto financial market.
Fourth Quarter Outlook
With the advancement of the crypto super cycle, LBank is extending from market liquidity to broader services that meet real user needs and innovating under a new crypto trading framework. LBank will launch a more comprehensive and diversified marketing strategy, including increasing brand exposure, optimizing asset allocation, and continuing to strengthen its leading position in the global market.
At the same time, it will continue to advance its global compliance process, making strategic adjustments based on different cultural and regulatory environments, and formulating and implementing effective global and regional strategies that align with localized markets, entering a new growth phase.
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