According to Foresight News, based on DefiLlama data, by 2024, Binance, the world's largest digital asset exchange, has accumulated user capital inflows reaching $21.6 billion, leading the total capital inflow of the next ten cryptocurrency exchanges ($15.9 billion) by approximately 36%.
Binance's capital inflow this year has been driven by the optimism in the digital asset market, including regulatory progress, rising user adoption rates, and price breakthroughs to new highs. Binance's global user base has grown to 244 million, with part of the capital inflow on its platform driven by the success of the Binance Launchpool project, where new tokens have attracted more users to participate and retain funds. Additionally, according to CCData, Binance has become the first centralized cryptocurrency exchange to surpass a lifetime trading volume of $100 trillion; while analysis from CryptoQuant shows that the average Bitcoin and USDT deposit amounts at exchanges have significantly increased this year, reflecting a rise in institutional investor participation, with Binance's growth rate leading among major exchanges.