According to PANews on May 20th, as reported by The Block, data from the on-chain observer LZ_web3 on the dune analytics dashboard shows that Binance wallet's daily Swap trading volume reached $5 billion on May 19th, surpassing similar products like MetaMask and Phantom. The wallet's 24-hour trading volume peak marks a continuous six-day rise in user activity, with a week-on-week trading volume surge of approximately 300%, currently occupying 95% of the digital asset wallet market share.
Analysis suggests that the surge in Binance wallet trading volume is directly related to its strengthened "Alpha" section promotion. In addition to pre-token listing exposure, Binance continues to attract users through strategies such as trading competitions, early bird access to TGE new tokens, and airdrop rewards. Data shows that as of Monday, Binance wallet's "crypto active traders" exceeded 93,600, nearly triple the number of Phantom and OKX, and four times that of MetaMask. Driven by this, Binance Smart Chain (BSC) DEX trading volume has significantly increased. defillama data indicates that BSC DEX trading volume in the past seven days soared 65% to $27.7 billion, while Solana and Ethereum DEX trading volumes were $24.9 billion and $15.7 billion, respectively.
