DefiLlama just dropped fresh CEX activity rankings
Binance still dominates with $50B daily volume - 30% of the entire market. No one's close.
OKX sits at #2 with $17.7B
Gate.io at #3 - $9.5B spot, but derivatives crushing it at $21.7B daily. Actually edging out Bybit on derivatives some days.
30-day net inflows tell a different story:
OKX leading with $1.35B inflows
Gate.io #2, beating both Binance and Bitget
Reserves matter more than ever. Gate just survived FUD and posted $8.2B in reserves (excluding $GT), 127% coverage ratio. That's top 5 territory now, up from top 10.
The alpha: liquidity is flowing back into CEXs. Market heating up. This week's pumps aren't random - the infrastructure is getting loaded again.
Binance still dominates with $50B daily volume - 30% of the entire market. No one's close.
OKX sits at #2 with $17.7B
Gate.io at #3 - $9.5B spot, but derivatives crushing it at $21.7B daily. Actually edging out Bybit on derivatives some days.
30-day net inflows tell a different story:
OKX leading with $1.35B inflows
Gate.io #2, beating both Binance and Bitget
Reserves matter more than ever. Gate just survived FUD and posted $8.2B in reserves (excluding $GT), 127% coverage ratio. That's top 5 territory now, up from top 10.
The alpha: liquidity is flowing back into CEXs. Market heating up. This week's pumps aren't random - the infrastructure is getting loaded again.
