Binance has clearly regained strength in recent weeks.
ERC-20 stablecoin reserves on the exchange have surged to their highest levels since early 2022, signaling a strong recovery in liquidity, renewed user inflows, and improving market confidence. On-chain order flow also shows a rise in large BNB spot purchases, suggesting that whales are actively accumulating during this phase.
This momentum is further supported by a strengthened leadership structure.
On December 3, Binance appointed co-founder Yi He as Co-CEO, moving to a dual-leadership model alongside current CEO Richard Teng. Yi He has been a core member of the executive team since Binance’s inception and currently serves as Chief Customer Service Officer. Teng announced the news during his keynote at Binance Blockchain Week, highlighting that “Yi has been indispensable to the leadership team since day one.”
At the same time, founder CZ continues to engage globally on education, policy, and industry coordination, reinforcing long-term trust in the Binance ecosystem.
Another powerful catalyst is the rapid expansion of tokenized finance.
Following Binance Wallet integration on December 1, Ondo Global Markets’ tokenized stocks on BNB Chain surged from under 1 million dollars to nearly 20 million dollars—a 20x increase in days. Across Ethereum and BSC combined, tokenized equity AUM has now reached roughly 350 million dollars, capturing over 60% of the mainstream tokenized-stock market. The acceleration of real-world asset tokenization is now visible in hard data.
Together with the strong rebound shown in the attached charts, these developments indicate that Binance is entering a new growth phase powered by three pillars: a major liquidity recovery, a reinforced executive structure, and the fast-expanding infrastructure of tokenized finance.
Written by XWIN Research Japan
