Here’s why Binance & BNB are still thriving 💪
According to Coinglass, Binance holds 72% market share, with $163 billion of user funds stored on the exchange.
🔥 To put that into perspective:
The combined total of ~100 other exchanges is about $140 billion — still less than Binance alone.
This figure is even larger than the current DeFi TVL, which is around $120 billion.
This is why Binance can effectively decide the life or death of a project by choosing whether or not to list it on the largest liquidity hub in the market. It also gives Binance overwhelming leverage when negotiating with partners.
This is also why BNB’s market cap has reached $115 billion, placing it among the top 4 most highly valued cryptocurrencies in the market.
With CZ and Yi He potentially making a comeback this year, who knows how far Binance can go next 👀$BTC
