LBank Labs Invests in LunarCrush: A Social Intelligence Platform for Crypto and NFTs

LBank Labs Invests in LunarCrush: A Social Intelligence Platform for Crypto and NFTs

LBank Labs, a leading blockchain venture fund with a versatile $100 Million Web3 fund, has announced its latest investment in LunarCrush, a revolutionary social intelligence platform for cryptocurrencies, NFTs, and stocks. LBank Labs is renowned for its protocol and exchange-agnostic approach, providing comprehensive support to projects through direct funding, acceleration, incubation, and networking.

Comprising Web3 veterans from prestigious entities like Binance Labs, Binance NFT, Bitmain, Huobi Listing, Consensys, and other industry pioneers, the team at LBank Labs brings together extensive expertise and networks to identify promising prospects in the Web3 space.

LunarCrush has emerged as an exceptional example of user acquisition, retention, and aggregation within the Platform Standard Ecosystem (PSE), which is the fund’s primary focus. Unlike other players in the industry, LBank Labs takes a nuanced and sophisticated approach, prioritizing projects with a proven track record of adoption and recognition, as well as robust platforms that drive user adoption and engagement.

In 2022, LunarCrush made waves by analyzing over 1 trillion data parameters, solidifying its position as a leader in the field. With a rapidly growing monthly active user base of 400,000 to 600,000, LunarCrush has become the go-to platform for analyzing cryptocurrencies and stock investments, attracting a staggering 100 million visitors in 2022.

The platform’s multiple revenue models, including API integrations, traditional advertising, and its native token $Lunr, have contributed to its growth and success. Moreover, LunarCrush plans to introduce a trading capitalization component in 2023 to further enhance its offerings. The platform is already a data provider for prominent companies like Coinbase and Kraken’s CryptoWatch.

LBank Labs’ collaboration with LunarCrush in its Series A funding round is expected to create synergies between their analytics expertise and the fund’s scale across the trading market. LunarCrush already boasts support from other prestigious blockchain technology investors such as Draper Ventures, INCE Capital, TRGC, MoonPay Ventures, and Techstars, with LBank Labs having been a consistent supporter since their initial investment in 2020.

Valeria Kholostenko, Principal Investor for the US at LBank Labs, has expressed confidence in LunarCrush’s future success, praising its growth trajectory, strong team, and expanding product offerings.

With its broad user base across social channels catering to investors, companies, newcomers, and professionals alike, LunarCrush is well-positioned to become an essential tool for investment research. As a top crypto exchange with over 9 million users from more than 210 regions worldwide, LBank aims to contribute to the global adoption of cryptocurrencies while ensuring the security of users’ funds.