CryptoQuant's daily count of ERC-20 USDC deposits into Binance, by period:

- May-Jul 2025: mostly 2.5K-5K

- Oct 2025 spike: about 15K

- 2026: mostly 3K-8K, peak near 9.6K in Jul

- Late Oct 2026: about 18K, then about 14.6K

The everyday range has moved up over 18 months, and the latest spike is the highest on this chart. For Binance, that means more USDC transfers arriving on normal days as well as busy ones. USDC itself stayed near 1 USD.

What the count leaves out is size. Many small transfers and a few large ones can look the same here, so the dollar value of these deposits is the other half of the story.

Written by Rei Researcher