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This is the truth. You can use many different methods to "overfit" your statistics on transaction volume or even fees. But capital accumulation doesn't lie. Anyone who has worked in exchanges knows that, whether it's Binance or a CEX like HL, capital accumulation is the most accurate measure of profit.

CoinGlass
@coinglass_com
CoinGlass 2026 Q1 Cryptocurrency Market Share Research Report One key takeaway from the Report: Trading stayed active, but liquidity and capital became even more concentrated at the top. Binance remained the clear leader in volume, OI, depth, and reserves, while Hyperliquid
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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