#BNB Has the coin officially lost its appeal?

Recently, holding $BNB to receive rewards#launchpool #Megadrop or#Airdrop has not been as before?

Let's analyze it together.



Comparison of some stakes, APR Launchpool 2024 vs early 2025

Below is a list of some recent Launchpool projects and their APRs:

In 2024:

(PORTAL) 02/2024 50,000,000 PORTAL ~ 15% - 30%

AltLayer (ALT) 01/2024 100,000,000 ALT ~ 10% - 25%

Xai (XAI) 01/2024 75,000,000 XAI ~ 8% - 20%

Comment: Average APR is quite high (~ 10% - 30%), large amount of tokens distributed.

Beginning of 2025 (up to May 2025):

Omni Network (OMNI) 04/2025

3,500,000 OMNI ~ 3% - 8%

Saga (SAGA) 04/2025 10,000,000 SAGA ~ 5% - 12%

Ethena (ENA) 04/2025 300,000,000 ENA ~ 2% - 6%

Lista (LISTA) 05/2025 50,000,000 LISTA ~ 4% - 9%

Comment: APR has noticeably decreased (~ 2% - 12%), the amount of tokens distributed is reduced or lower in value.

1. Some reasons for the decrease in APR:

Amount of BNB staking: The more people stake BNB → APR decreases due to reward sharing among many.

The market cools down: 2024 is a bullrun period with many major projects. In 2025, the market is sideways with fewer quality projects.

Binance changes policy: May reduce rewards to focus on other products (like Megadrop).

Smaller projects: Recent projects have lower market capitalization → fewer rewards.

2. Can Megadrop replace Launchpool?

Binance recently launched Megadrop (combining Locked BNB + Tasks), but the reward is not very high:

For example, the first Megadrop (BB - BounceBit): APR ~ 10% - 20%, but requires locking BNB for 90 days.

Second Megadrop (project X): Expected APR ~ 5% - 15%.

→ Megadrop could be a new trend, but it cannot completely replace Launchpool.

3. Should we continue to hold BNB?

If just to earn from Launchpool: APR decreases, profits are no longer attractive as before.

But BNB still has potential:

Decrease in transaction fees on BSC.

Regularly burned (reducing supply).

Could increase in the next bullrun.

Conclusion

APR Launchpool has significantly decreased from ~10-30% (2024) to ~2-12% (2025).

Megadrop is not enough to compensate for the reduced profits from Launchpool.

BNB still has value if you use the Binance ecosystem (BSC, trading, long-term staking).

→ If relying solely on Launchpool, BNB has 'lost its appeal'. But if held long-term, BNB is still a potential asset.