Highlights
From stablecoins to Web3 gaming, not to mention BTC's all-time high, 2024 witnessed the global adoption of blockchain technology, driven by users like you.
Celebrate an unprecedented year with Binance, with a trading volume of $100 trillion and over 240 million users worldwide, as we build the future of cryptocurrencies.
Discover your personalized year summary from our app or website to see how your trades, milestones, and activities shaped the Binance community.
As 2024 comes to a close, let’s take a few minutes to review this extraordinary year. From key milestones to innovative products, in this blog we will highlight the moments that defined 2024 for Binance and the cryptocurrency community.
Starting December 3rd, you will also be able to access your personalized 2024 year summary through the Binance app or website. Celebrate your journey, review your milestones, and discover how you contributed to an extraordinary year.
Take a look back at your #2024withBinance
A heartfelt thank you to our community
Together, this year we witnessed tremendous growth in the cryptocurrency space. More importantly, 2024 revolved around you: your trades, achievements, and commitment shaped the community and drove our mission to make cryptocurrencies accessible to everyone.
Thank you for your trust and loyalty over the past twelve months. Whether you have been using Binance for a long time or just joined us this year, your contributions have played a key role in shaping Binance and the cryptocurrency ecosystem as a whole. This year, the cryptocurrency sector reached new and incredible heights, and we couldn't have done it without you.
Let’s celebrate your #2024withBinance!
Reflect on your journey with Binance through our #2024withBinance year summary, available on our app or website. Think of it as a personalized year recap dedicated to cryptocurrencies, similar to your favorite songs of the year list, but tailored to your activity on Binance.
Explore your milestones, your top trades, and your favorite options, and discover a personalized poster celebrating your unique achievements with a title that reflects your 2024. Also, participate in our Binance Square campaign for a chance to win rewards.
As we approach 2025, let’s continue building on this year’s progress by driving innovation, fostering global connections, and creating opportunities to grow together in the cryptocurrency space.
Discover your year summary now!
Key figures and statistics from 2024
This year was not only fantastic for Binance but also incredible for the entire cryptocurrency sector. From the adoption of stablecoins in emerging markets to advancements in Web3 gaming and real-world tokenized assets, 2024 showcased the limitless possibilities of blockchain technology. Meanwhile, Bitcoin also reached its all-time high in the fourth quarter, further solidifying its position as the cornerstone of the cryptocurrency market.
Cryptocurrencies in 2024: Sector Highlights*
Adoption of Stablecoins: The addresses holding dollar-linked stablecoins and cryptocurrencies grew by 15% to reach 93.6 million. In fact, stablecoins gained traction globally, with major companies like Stripe reintroducing cryptocurrency payments, and Tether recording record profits in the third quarter. Emerging markets like Nigeria, India, and Brazil showed a preference for stablecoins, mainly due to their efficiency and economic stability.
Tokenization of RWA: The market value of tokenized real-world assets (RWA) reached a record $3.45 billion, with a total value locked of $8 billion, a 700% year-over-year increase. This shift reflects the growing utility of blockchain for real-world applications, with major brands like Louis Vuitton tokenizing items.
Meme Coins: The meme coin sector grew and accounted for 11% of the cryptocurrency market capitalization (excluding BTC, ETH, and stablecoins). Despite the volatility, community-driven tokens remain one of the main drivers of market participation.
Web3 Gaming: Investment in Web3 gaming reached $1.1 billion in the second quarter of 2024 alone, and leading companies adopted decentralized gaming. This trend highlights the transformative potential of blockchain in entertainment.
*All statistics have been provided by the Binance research team.
The Great Victories of Binance in 2024
User Growth: We welcomed millions of new users, and there are now over 240 million worldwide. Our community continues to grow, and we are approaching 300 million!
Trading Volume: In September, Binance achieved a major milestone by reaching $100 trillion in cumulative trading volume. In March 2024 alone, over $4 trillion in trading volume was recorded, with one day reaching a peak of $300 billion.
Most Traded Cryptocurrencies: BTC, ETH, SOL, DOGE, and BNB were the most chosen cryptocurrencies by our users in 2024, reflecting the evolution of market trends.
Regulatory Approvals: Obtaining registrations and approvals in 20 countries underscored our commitment to regulatory compliance and global expansion.
Enhanced Protection: This year, we implemented advanced AI to detect risks in real-time, preventing over $2.4 billion in potential losses due to scams or fraud.
Global Collaboration: We actively collaborated with law enforcement agencies worldwide, responding to over 55,000 requests from 13,800 police officers.
Proof of Reserves: We have improved our proof of reserves, safeguarding $130 billion in assets while providing verifiable proof of funds.
Conclusions: Community Engagement
The community is the essence of Binance, and the Binance Blockchain Week (BBW) Dubai 2024 was a prime example of this. As expected, our flagship event brought together 4,600 attendees from 126 countries, featuring 204 speakers, 307 KOLs, and 86 Binance Angels, our largest gathering of Angels to date. In addition to the BBW, Binance organized meetings, webinars, and workshops worldwide, creating opportunities for users to connect, learn, and grow.
But our community is not just a series of events or numbers; it is a network of people like you. Every trade, suggestion, and interaction has shaped Binance and the ecosystem as a whole. That’s why we created the 2024 year summary to celebrate your journey and the role you played in this transformative year. Thank you for being part of our story, and we look forward to another year of growth, collaboration, and success!
Legal Disclaimer: The prices of digital assets can be volatile. The value of your investment may rise or fall, and there is a possibility that you may not recover the invested amount. Your investment decisions are solely your responsibility, and Binance is not liable for any losses you may incur. This does not constitute financial advice. For more information, please refer to our terms of use, the Binance Pay terms of use, and the risk warning.
Risk Warning: Investment in crypto assets is unregulated and may not be suitable for retail investors, and you may lose the entire amount invested. It is important to read and understand the risks of this investment, which are detailed at bit.ly/risk-warning
