The recent crypto market in November and December shows Binance's clear leadership in attracting investments. Data indicates a significant increase in altcoin deposit volumes.
Binance's Leadership in Altcoins
During the November-December period, Binance averaged 59,000 daily altcoin deposits. In contrast, Coinbase only managed to attract around 26,000 deposits per day, highlighting Binance's dominant position in the market.
Surge in USDT Transactions on TRON
This week, TRON recorded 384,000 USDT transactions, surpassing the combined total on Bybit and HTX. This reflects a growing interest in TRON as a platform for cost-effective and rapid stablecoin transfers.
Impact on Crypto Flows
The high volume of deposits at Binance indicates investors' preference for its liquidity, lower fees, and a wide range of tokens. Meanwhile, the increasing USDT transaction volume on TRON suggests a shift of assets from Ethereum and centralized banks to more efficient blockchains.
The data illustrates that Binance continues to hold a strong position in attracting altcoins, while TRON accelerates USDT usage, challenging traditional transfer methods.
