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Binance is still the top exchange. Its daily custodial assets are approximately $152.9 billion, accounting for about 73.5% of the top ten exchanges.
The spot trading volume, contract trading volume, contract OI, and user numbers of CEXs can all be manipulated, so their reliability is limited. The only thing that cannot be faked is the assets custodied by users.
At this point, some will surely say that Binance attracts capital through high-interest wealth management products. But in reality, even if the total issuance of USD1 and USDT is included, it's only a fraction of $152.9 billion. The highest base APY for USDC and USDT is actually Kraken, consistently above 4% with unlimited flexible deposits, while Binance only offers 0.84%. Therefore, the logic that wealth management affects capital accumulation is invalid.
Starting to copy in batches $BNB
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
Effective competition is constituted by only one thing: $Hype We must grasp both aspects firmly. 😈
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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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