Is the Binance Wallet taking up 75% of DEX volume? ๐
A pretty notable figure is being shared: the Binance Wallet is said to be processing around 75% of the total DEX trading volume via Web3 wallets, equivalent to over $13B in volume per day.
The noteworthy part isnโt just the number.
It shows a major shift in how users approach DeFi.
Instead of having to connect a wallet themselves, find a DEX, switch chains, and then handle each step one by one, the experience is increasingly being packaged right inside the wallet.
๐ And this is a huge advantage for Binance.
Binance isnโt just a CEX exchange. They own an ecosystem of exchange โ Web3 Wallet โ BNB Chain โ on-chain liquidity.
If users can move from assets on Binance to on-chain trading almost seamlessly, the line between CEX and DeFi will keep getting blurrier.
Thatโs the part I find truly interesting.
Itโs not just that Binance added another wallet.
Itโs that millions of users from a major exchange are being brought closer to the on-chain economy.
And if this trend continues, BNB Chain wonโt only benefit from user volume.
It could become a gateway to bring money flowing from Binance into DeFi.
The remaining question:
Is 75% today only a temporary peak, or is it just the beginning?
What do you think? ๐
$BNB #Binance #BNBChain #defi
A pretty notable figure is being shared: the Binance Wallet is said to be processing around 75% of the total DEX trading volume via Web3 wallets, equivalent to over $13B in volume per day.
The noteworthy part isnโt just the number.
It shows a major shift in how users approach DeFi.
Instead of having to connect a wallet themselves, find a DEX, switch chains, and then handle each step one by one, the experience is increasingly being packaged right inside the wallet.
๐ And this is a huge advantage for Binance.
Binance isnโt just a CEX exchange. They own an ecosystem of exchange โ Web3 Wallet โ BNB Chain โ on-chain liquidity.
If users can move from assets on Binance to on-chain trading almost seamlessly, the line between CEX and DeFi will keep getting blurrier.
Thatโs the part I find truly interesting.
Itโs not just that Binance added another wallet.
Itโs that millions of users from a major exchange are being brought closer to the on-chain economy.
And if this trend continues, BNB Chain wonโt only benefit from user volume.
It could become a gateway to bring money flowing from Binance into DeFi.
The remaining question:
Is 75% today only a temporary peak, or is it just the beginning?
What do you think? ๐
$BNB #Binance #BNBChain #defi
