300 million users don’t just join a platform they shape where liquidity lives

What stands out to me in the latest CryptoQuant data isn’t just the scale but the consistency.

#Binance recorded $1.17T in capital inflows, up 31% year over year.

That tells a simple story 👇

When users decide where to bring capital on-chain Binance remains the first stop

The same pattern shows up in derivatives. $24.6T in perpetual futures volume and 49.6B trades signal real ongoing participation not short-term speculation

Activity is broad, sustained and growing.

Spot markets confirm it

With $6.82T in spot volume and trade counts already surpassing last year’s highs, engagement isn’t slowing it’s compounding.

For me this is the key takeaway

liquidity doesn’t scatter across platforms. It concentrates where depth, execution and trust already exist.

That flywheel is hard to reverse once it’s in motion.