A survey conducted by Binance highlighted that artificial intelligence (AI)-based altcoins have great potential in the future. The cryptocurrency market attracted attention with important developments such as Bitcoin ETFs and institutional investments in 2024. Binance achieved a historical success by exceeding $ 100 trillion in trading volume this year.
Binance’s global user survey indicated that AI altcoins have great potential in the coming period. While 23.89% of the survey participants stated that AI-focused altcoins have the biggest opportunities, memecoins came in second with 19%. Other noteworthy categories in the survey included DeFi altcoins with 12.37% and Layer-1 altcoins with 12.28%. While 16.1% of the participants stated that they hold memecoins, Bitcoin (BTC) came in second with 14.44%.
2024 was a historic year for the cryptocurrency market and Binance. According to DefiLlama data, Binance left its competitors behind in 2024, generating $21.6 billion in user funds. This figure exceeded almost 40% of the total inflows of the next 10 largest exchanges. Binance CEO Richard Teng said in a statement on the subject, “2024 was an extraordinary year for the cryptocurrency market. We would like to thank our nearly 250 million users for choosing Binance.”
The year 2024 saw a major turning point with the launch of Bitcoin ETFs. This innovation facilitated institutional investors’ access to cryptocurrencies, providing a large influx of funds into the markets. Net inflows into spot Bitcoin ETFs surpassed even gold ETFs, while the Bitcoin price also saw a significant increase due to this demand.
Binance has managed to attract institutional investors, and according to CryptoQuant data, Bitcoin assets, which were on average 0.36 BTC on exchanges in 2023, increased to 1.65 BTC by 2024. In addition, USDT assets increased from $ 196,000 to $ 230,000. The report emphasized that Binance is a leader in institutional development in the sector.
Binance became the first centralized exchange to achieve this feat by surpassing $100 trillion in trading volume in 2024. According to the CCData report, this historic achievement once again proved Binance’s scale, liquidity, and user trust. Innovative platforms like Binance Launchpool attracted great attention as they allowed users to earn new altcoin rewards. A large portion of users continued to keep these funds on the platform. 2024 showed that Binance and the cryptocurrency market have reached the point of mainstream adoption.