BlockBeats news, on November 11, according to DeFiLlama data, Binance has had net inflows of US$1 billion for two consecutive weeks, making the net inflow in November more than US$5 billion. This number is five times the net inflow of the second largest platform. . The significant growth highlights Binance’s position as the trading platform of choice amid surging market demand and rising user interest in crypto-assets.
In addition, the Binance App received more than 13 million visits in a single day on November 6, which echoes the increased attention after the results of the US presidential election were announced. According to DeFiLlama records, Binance’s user asset holdings have reached $130 billion, the highest level since Binance began disclosing proof of reserves two years ago. Meanwhile, CryptoQuant reported that Binance’s reserve percentage, which shows the proportion of reserves held by Binance as a proportion of all exchange reserves, climbed to 25% this month, up 4% from 21% in November 2023.
