LBank 2024 Annual Report: Pole Vault-Style Growth
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LBank 2024 Annual Report: Pole Vault-Style Growth
2024 is the year of LBank's rise and a crucial turning point marking an important milestone.
Navigating Web3 tides with focused insights
In 2024, amid market volatility and steady progress in compliance, the crypto market is reconstructing new economic systems and mechanisms to adapt to a new crypto paradigm. LBank has been breaking boundaries with a "pole-vaulting" momentum, emerging as a new "marathon runner" during the Mega cycle—achieving remarkable breakthroughs in business growth, product innovation, brand expansion, and security compliance. Particularly in business development and brand outreach, LBank launched its new slogan, "Discover the Era of Meme Legends," fully unleashing a multidimensional "dopamine effect."
Pole-Vaulting Data Growth
2024 marks LBank’s year of ascent and a pivotal turning point.
On August 17, LBank celebrated its 9th anniversary and officially launched its “Asset Completion” initiative. To date, LBank has surpassed 15 million registered users, with average daily spot trading volume exceeding $2.7 billion and average daily derivatives trading volume surpassing $67 billion. According to CoinGecko, LBank ranks 11th globally with 12.4 million monthly visits. The latest report from 0xscope shows LBank's spot market share has risen to 3.04%, ranking 12th worldwide.
Driven by both the “Asset Completion” plan and the X Plan (asset listing whitelist), LBank added 853 new assets in 2024 across categories such as memes, infrastructure, RWA, and DePIN. Among these, meme assets accounted for 371 listings—43% of all new additions. With sharp market insight and an efficient listing process, LBank continues to seize first-mover advantages. To date, LBank has listed over 240 mainstream meme assets, including more than 40 high-performing "golden dog memecoins" that surged over 500%, featuring standout projects like Fight, MOODENG, GOAT, ACT, and Fartcoin—making LBank one of the top platforms for investors seeking beta returns.
Diversified Product and Business Growth
In Q4 2024, LBank launched Launchpool, offering users opportunities to discover promising projects and earn free tokens. Two Launchpool events distributed nearly $560,000 in airdrop rewards, attracting over 100,000 participants. Token performance was exceptional, with peak gains reaching 2,900% and 909% respectively.
By gaining early access to premium assets, users locked in potential profits ahead of time. In 2024, LBank introduced pre-market trading for GRASS, SCR, HYPE, USUAL, DOGS, and others, drawing nearly 30,000 traders and generating cumulative trading volume of $10 million. To maximize user protection, LBank also launched price safeguard campaigns, providing comprehensive security for pre-market spot trading.
In addition, LBank’s Airdrop program delivered outstanding results. Throughout the year, 173 airdrop events featured high-quality projects including RIZ, RRT, DUSK, POC, BRD, and SHE. Over 200,000 users participated and received token rewards, with total airdropped value exceeding $30 million—solidifying LBank’s reputation as a genuine “golden shovel.”
Liquidity Cycle Growth Flywheel
LBank remains closely aligned with market demands, leveraging acute market awareness and proactive strategy to continuously offer users diverse and rich cryptocurrency options.
LBank Labs focuses on identifying high-potential assets and currently manages $100 million in assets, having invested in over 20 quality projects such as Rome, KINTSU, XION, Usual Labs, Union, and BedRock. Beyond strong resource support, Labs has built deep collaborative networks, ensuring stable growth and innovation through new narrative cycles and market phases.
Moreover, LBank Labs partnered with top-tier funds such as IOSG Ventures and ArkStream Capital to host online Demo Days, dedicated to uncovering new growth frontiers in the crypto space. It has also established close collaborations with leading blockchain ecosystems including TON, Solana, Avalanche, and Polkadot, driving multi-dimensional cooperation to boost on-chain activity and developer ecosystem vitality, jointly shaping the future direction of the crypto market.
LBank Labs has also demonstrated profound market foresight, publishing multiple high-quality research reports on trending sectors and public chain ecosystems. Its reports such as "Top 10 Hottest Memecoins in 2024" and "2024 Meme Sector Research: Breaking Boundaries and Rebirth – From Controversial Narratives to a $100 Billion Industry" have drawn significant market attention, offering comprehensive and in-depth analysis of current meme ecosystem value and future prospects.
The Infinite “Extension” of the Brand Garden
In 2024, LBank showcased unique “ignition moments” throughout the crypto market cycle.
Committed to creating lasting value for the crypto ecosystem, LBank collaborated with SLERF on a donation campaign, acting as the first donor and custodian of the donation address, successfully raising nearly 41,000 SOL to compensate private sale participants of SLERF. LBank partnered with GMGN .AI to explore the supercycle of memecoins and teamed up with multi-chain platform UXUY to deliver more convenient and enriched crypto asset experiences for users.
In August, LBank marked its 9th anniversary with celebratory events, attracting over 500,000 new users and net inflows of $50 million. In December, LBank launched its original in-depth interview series, LBank Pulse Focus, featuring influential figures such as Spencer Yang, Co-founder of Fractal Bitcoin; Sunny Lu, CEO of VeChain; and Murad, the "Father of Memecoins." These sessions provided deep insights and forward-looking perspectives on the crypto ecosystem. Commenting on LBank, memecoin icon Murad said: “LBank not only demonstrates exceptional market sensitivity but also maintains core competitiveness in fierce market battles through rapid response to meme trends and precise listing strategies, injecting strong momentum into the sustained prosperity of the memecoin market.”
Looking back at 2024, from the TOKEN2049 event in Dubai, to the meme feast at Singapore’s TOKEN2049, and onto the Sunset Soiree in Bangkok, LBank has advanced its brand presence through unconventional market strategies.
At TOKEN2049 Dubai, LBank Labs co-hosted the “Web3 Summit Dubai” with Web3 Summit and BlockNews, attracting nearly 5,000 attendees. At TOKEN2049 Singapore, LBank partnered with Shiba Inu, Babydoge, and SaitaChain to successfully organize the “Meet Your Meme” afterparty, using memes as a connector to deliver immersive creative and cultural experiences for meme enthusiasts. At Devcon2024, LBank co-hosted the “Sunset Soiree” with 13Desk, further expanding its foothold in Southeast Asia’s crypto market.
Beyond these, LBank Labs actively participated in and hosted regional conferences and events across Dubai, Singapore, Africa, and Southeast Asia. Through events such as the Consensus Blockchain party, BullRise roadshows, and the Dubai Web3 Summit party, LBank focused on hot sectors including DePIN, TON, RWA, memes, and AI Agents, engaging in broad exchanges with industry leaders and steadily advancing its global footprint and market penetration.
Security and Compliance Advancement
Reviewing 2024, LBank achieved major milestones in its global strategy—obtaining the Alabama MTL license and written confirmations from multiple U.S. states in Q3 2024. These compliance efforts strengthened LBank’s market position, enabling it to serve both retail and institutional investors in the region.
To date, LBank has secured financial regulatory licenses in multiple jurisdictions, including U.S. MSB, Canadian MSB, Italian VASP, and Australian DCEP. As global compliance progresses, LBank continues to expand its influence across markets, aiming for a stronger foothold in the future crypto financial landscape.
Furthermore, in its latest security report, LBank demonstrated impressive achievements in user asset protection. By implementing strict encryption standards to safeguard user accounts and digital assets and conducting regular penetration testing, LBank maximized user security. Data shows the platform successfully prevented $1.2 billion in potential losses and detected and blocked suspicious withdrawals totaling $540 million.
Outlook for 2025
LBank has spent nine years transitioning from traffic-driven growth to sustainable retention, from static operations to dynamic liquidity. Along this journey, it has remained centered on user needs, driven by narratives and technological innovation, consistently offering diversified investment options for crypto users. In the upcoming year of 2025, LBank will focus on global new business models, Web3, new assets, emerging markets, compliance advancement, and decentralized trading—with multi-pronged strategic initiatives.
LBank Exchange is committed to enhancing transparency, fairness, and trading experience while lowering barriers to entry—these will be key themes for 2025. Through measures such as enhanced information disclosure and real-time publication of trading data, LBank aims to build user trust and foster two-way transparency between platform and users. Additionally, a fair trading environment will be achieved through decentralized mechanisms and equitable trading structures, ensuring equal participation for every user. LBank will also optimize its user interface and trading processes to elevate the overall trading experience.
Attention equals value. Innovation in crypto never stops—new sectors such as AI Agents, memes, and RWA are gradually revealing their potential. Building on its five strategic initiatives from Q3 2024, LBank will set a Realized Date metric for platform transparency, continuously improving asset security and data openness. The goal is to build a secure and reliable asset trading environment. Simultaneously, through a $10 million fund, LBank will continue supporting alpha altcoins and industry innovation, constantly discovering new assets, leveraging attention economics to unlock a trillion-dollar crypto market, integrating into crypto culture, converting it into organic traffic, sustaining high efficiency and exponential growth, stimulating market vitality and liquidity, and welcoming the true golden age of crypto.
2025 will be a critical milestone for the global crypto industry’s maturation. As the macro environment increasingly favors crypto, the sector will transition from chaos to order. LBank will continue prioritizing compliance, actively aligning with local regulatory requirements, and optimizing internal controls and risk management systems to create a safer, more transparent, and trustworthy trading environment for global users.
Looking ahead, LBank will maintain a humble yet open mindset, navigating through noise and uncertainty to uncover the true value of the crypto industry. In this crypto revolution, we remain committed to being user-centric and innovation-driven, injecting greater vitality into the global crypto market. Let’s look forward together to the thunderous roar of an epic bull market!
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