Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Binance Wallet caputures 96% of wallet transaction volumes, nearing $6m daily
Share
  • bitcoinBitcoin(BTC)$104,709.48
  • ethereumEthereum(ETH)$2,523.48
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.17
  • binancecoinBNB(BNB)$657.05
  • solanaSolana(SOL)$155.71
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.191890
  • tronTRON(TRX)$0.268035
  • cardanoCardano(ADA)$0.68
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Binance Wallet caputures 96% of wallet transaction volumes, nearing $6m daily
Crypto

Binance Wallet caputures 96% of wallet transaction volumes, nearing $6m daily

admin
Last updated: 21/05/2025 10:46 Chiều
admin
Published 21/05/2025
Share


Binance wallet is dominating in terms of market volume, which is nearing $6 million daily at 96% market share.

Crypto wallets have seen significant growth in transaction counts over the past month, with Binance Wallet capturing the majority of the market. On May 21, Binance released a report, shared with crypto.news, highlighting that Binance Wallet accounted for 95% of all wallet transactions.

Since the start of May, crypto wallet transaction volumes have surged, with much of the growth driven by the Binance Wallet app. On May 20, Binance Wallet registered $5.9 million in daily transaction volume.

Crypyo wallets trading volume
Crypyo wallets trading volume | Source: Dune

This milestone came just one day after the app first surpassed $5 million in daily volume. At the same time, Binance Wallet maintained a dominant position, accounting for more than 95% of total wallet transaction volume.

What’s Behind the surge in Binance Wallet transactions?

According to Binance, the spike in activity has been fueled by Binance Alpha—a platform integrated into Binance Wallet that allows users to interact with early-stage projects and potentially benefit from airdrops.

“The rise of Binance Wallet signals more than just volume — it reflects a shift in how users want to engage with Web3, Winson Liu,” Global Lead of Binance Wallet.

For one, Binance Alpha enables users to discover tokens before they are listed on the Binance exchange. While this listing is not guaranteed, Binance points out that 18 tokens already made it from Binance Alpha to the exchange.

In addition, user demand for airdrops and token generation events has fueled activity. Binance noted that since the beginning of May, Binance Alpha has distributed eight airdrops. Based on day-one closing prices, their cumulative value totaled $1,076 per user.

Still, the platform’s high rewards have generated some controversy. Critics have argued that Binance Alpha users are disproportionately rewarded at the expense of other early holders. Despite this, Binance appears to be using competitive incentives to drive adoption, with expectations that reward levels may decrease once the wallet secures a dominant position.

You Might Also Like

Moody’s U.S. downgrade triggers sell-off

Fed’s Chair Powell warns zero interest rates are not coming back

UK court rejects ‘loss of chance’ argument in BSV lawsuit against Binance

Jasmy price forms a risky pattern as whales offload

Tether adds 4,812 Bitcoin into Twenty One Capital’s treasury ahead of public listing

TAGGED:Binancecaputuresdailynearingtransactionvolumeswallet

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Sangha raises $14m to launch solar-powered Bitcoin mine in Texas
Next Article Bitcoin hits new all-time high at $109,400.68
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
$161m floods startups as prices sway
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?