HashKey Global's May 2024 monthly report was released, with daily volume reaching $348 million, up 173% YoY. Launchpool had a significant impact on the market with a high inaugural yield of 37.68%.

Launchpool brings high APRs to the market

The first Launchpool wowed the market with a high APR, attracting over 2,157 users to lock in assets on the first day. The total amount pledged was US$109 million and the APR for the first settlement period was 37.68 per cent. The highest return for a single user was PLN 6,500, making it the most profitable launchpool in the market that month.

High transaction volumes and KYC validation rates

HashKey Global's daily trading volume grew by a massive 173 per cent to $348 million, with a cumulative asset balance of $105 million, up 338 per cent month-on-month.

In May, 2,763 users participated in mining activities and 1,251 users exceeded $5 million in monthly trading volume. The platform also added 28,500 new registrations and submitted 12,810 new KYC requests.