Data: Binance has seen a net inflow of $1 billion for two consecutive weeks, with a net inflow of over $5 billion in November

2024-11-11 21:51:39
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ChainCatcher news, according to DeFiLlama data, Binance has seen a net inflow of $1 billion for two consecutive weeks, bringing the net inflow for November to over $5 billion, a figure that is five times that of the second-largest platform. This significant growth highlights Binance's position as the preferred trading platform amid a surge in market demand and heightened user interest in crypto assets.

Additionally, on November 6, the Binance App recorded over 13 million visits in a single day, reflecting the increased attention following the announcement of the U.S. presidential election results.

According to records from DeFiLlama, Binance's user asset holdings have reached $130 billion, marking the highest user asset holdings since Binance began disclosing reserve proofs two years ago.

Meanwhile, a report from CryptoQuant indicates that Binance's reserve percentage (showing the proportion of reserves held by Binance compared to all exchange reserves) has climbed to 25% this month, up 4% from 21% in November 2023.

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