Binance Wallet saw a record single-day trading volume of $93 million, reaching a 54.4% market share following the launch of the Binance Alpha 2.0 platform.
Record Trading Volume
On March 18, Binance Wallet's trading volume reached $93 million, setting a record for the wallet. According to Dune data, Binance Wallet ranked first in trading volume among crypto wallets. The market share was 54.4%, maintaining at over 66.1% today. At the same time, user activity also reached high numbers with over 28,600 active users.
Launch of Binance Alpha 2.0
The launch of Binance Alpha 2.0 marked a significant expansion of the previous platform for users. The new platform bridges the gap between centralized and decentralized exchanges, allowing users to purchase blockchain tokens directly through the main Binance platform without the need to withdraw assets to external wallets.
Benefits for Users
The development received positive feedback from the industry as it enhances liquidity, improves capital efficiency, and eases access for users to projects. Now users can use funds from Spot, Funding, and other accounts to purchase Alpha tokens, removing previous unnecessary steps. This event also boosts activity on the BNB Chain.
The introduction of Binance Alpha 2.0 significantly impacted Binance Wallet's trading volume, enhancing user experience and providing new opportunities for token transactions.
