Driven by the US presidential election and the record high of Bitcoin (BTC), the cryptocurrency market has ushered in liquidity. According to DeFiLlama data, Binance has achieved two consecutive inflows of more than US$1 billion in the past two weeks, especially in November, with net inflows exceeding US$5 billion. Compared with other centralized exchanges, it has a clear leading advantage and ranks first, almost five times that of the second place.
Data shows that as of now, the total user assets of Binance have reached 130 billion US dollars, and its reserve share in the global crypto market has climbed to 25%. On Wednesday, November 6, the number of daily application visits on Binance exceeded 13 million, setting a new record for user activity, highlighting Binance's solid position and growing market share in the crypto asset market, as well as users' high dependence on the platform.