Binance Wallet Leads ICO/IDO/IEO Platforms with Highest Current and ATH ROIs in 2025 Launchpad Market
In the 2025 launchpad market, Binance Wallet stands out as the leader among ICO, IDO, and IEO platforms, boasting a current return on investment (ROI) of 12.69x and an all-time high (ATH) ROI reaching 78.01x across 44 launches. Meanwhile, non-CEX platform Echo has achieved an ATH ROI exceeding 17x. Coinbase's recent acquisition of Echo for $375 million aims to simplify and increase the transparency of public token sales.
MetaDAO ranks second with a 4.15x current ROI and an 8.73x ATH ROI from seven projects, with its latest launch occurring in mid-November. OKX Wallet shows a 3.22x current ROI and an impressive 34.75x ATH on three projects; however, its limited sample size inflates peak metrics.
Other platforms including Kraken Launch and MEXC report current ROIs of 1.92x and 1.98x respectively, while Buildpad has a 1.22x ROI. LEGION, Cake Pad, and Bybit fall below 1x ROI. Overall, eight of twelve launchpads have current ROIs under 2x, and five are even below 1x.
A notable divergence exists between early exit profits and long-term holding results—early sellers realize profits, but liquidity thinning over time erodes gains for holders. Liquidity control remains a dominant factor shaping outcomes.
Market conditions reflect these trends: the total value locked (TVL) in DeFi fell approximately 32% from February to April but stabilized at a higher base by year-end. On October 1, launchpad volumes surpassed $530 million, with December TVL around $342 million. Seven-day fees totaled $7.51 million and revenue was $6.77 million.
Additionally, compliant launchpads such as Sonar, Buildpad, Legion, and Kaito are gaining traction, signaling a shift toward effective liquidity management and disciplined exits in token launches.
