Unbelievable: Binance Wallet’s Dazzling Rise to 95% DEX Market Supremacy!
Ah, the Binance Wallet! A self-custody marvel, adorned with the trinkets of KYC, has pirouetted into the DEX market like a prima ballerina on a sugar high. Just yesterday, it shattered records, reaching a staggering $5 billion in trading volume. Can you believe it? Three weeks prior, this figure languished below a mere $200 million. Today, Binance’s creation has eclipsed all its competitors, including the once-mighty MetaMask. 🎭
$5,100,000,000 in 24 hours: Binance Wallet hits new dominance milestone
In a dazzling display of financial acrobatics, Binance Wallet, that noncustodial gem from Binance, routinely sets new trading volume all-time highs. On May 19, 2025, it juggled an impressive $5.1 billion in just 24 hours. Meanwhile, the closest rival, OKX, barely scraped together $120 million across wallets, DEXes, and APIs combined, as revealed by the ever-watchful on-chain researcher @LZ_web3 on Dune. Talk about a David and Goliath story! 🥳
Thus, Binance Wallet has achieved a jaw-dropping 95% dominance in the realm of decentralized crypto wallets, complete with built-in exchange features. Who knew wallets could be so… powerful?
To put this in perspective, let’s not forget that ConsenSys’s MetaMask, the reigning champion of on-chain wallets, managed to process a paltry $9 million in swaps—555 times less than the illustrious Binance Wallet. Ouch! 😬
Our champion established its reign with remarkable speed. On May 1, 2025, it was still fumbling with less than $200 million. In just three weeks, it has catapulted its volume by a staggering 25 times. Talk about a glow-up!
Binance Wallet is also credited with being one of the three active cryptocurrency wallets in the DEX segment, according to another dashboard. Who knew wallets could be so popular?
Airdrops, prelisting trading, rewards: Key pillars of Binance Wallet’s success
As previously noted by U.Today, this meteoric rise is far from being a purely organic affair. Binance Wallet users are granted access to Binance Alpha, a colossal program of prelisting trading for early-stage tokens that are as volatile as a soap opera plot twist. 📈
Moreover, Binance Wallet users are eligible for rewards and airdrops through its points-based incentive program. Depending on their trading volume, users can snag rewards in shiny new tokens arriving on Binance Wallet. It’s like a treasure hunt, but with more digital coins! 🪙
And just yesterday, Binance Wallet nearly slashed fees on the hottest tokens. Order fees on Binance Futures for ten assets plummeted from 0.15% to a mere 0.01%. It’s raining discounts! ☔️
Read More
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Cookie Run: Kingdom Marshmallow Bunny Cookie Guide: How to unlock, Best Toppings, and more
- Top 5 Best Mobile Games to play in June 2025
- LCP teams, CFO and GAM, bring the underdog power to MSI 2025
- Clash Royale Best Boss Bandit Champion decks
- David Beckham acknowledges estranged son Brooklyn as he credits mum Sandra for ‘always being there’ on her 76th birthday – amid growing rift with his eldest child
- Magic Chess: Go Go Commander Tier List
- Crunchyroll vs. Lord of Mysteries? Unpacking the controversies around the rising Chinese anime
- Rumi’s Shocking Demon Heritage in KPop Demon Hunters Blow Fans’ Minds
- ETH PREDICTION. ETH cryptocurrency
2025-05-20 15:30