Binance's total trading volume hit a new high this year yesterday, with a net inflow of $1.2 billion in the past 24 hours

According to BlockBeats, on August 6, Binance CEO Richard Teng wrote that against the backdrop of the macroeconomic environment and yesterday's market decline, Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to DefiLlama's CEX transparency indicator.

This was also one of the highest days for net fund inflows in 2024, showing strong investor confidence. Yesterday, Binance also witnessed one of the highest trading volumes so far this year. "We are currently witnessing a rebound in the prices of major tokens, and the current market trends confirm this."