This data is quite scary: Binance holds $47.5 billion in stablecoins, accounting for 65% of all CEX stablecoin liquidity.
This also confirms the previous ranking of the top ten exchanges, with Binance being first, and the remaining nine combined do not match Binance.
This reflects the significant Matthew effect that has formed in terms of liquidity depth and user trust at Binance, which is also a double-edged sword; Binance's operational health will greatly impact the liquidity stability of the entire crypto market.
Now everyone trusts it, and it has consistently led the industry's progress and transformation. Hopefully, in the future, Binance can set a good example for the entire industry. If Binance crosses the river by feeling the stones, it is not impossible for others to cross by feeling Binance. $BNB
This also confirms the previous ranking of the top ten exchanges, with Binance being first, and the remaining nine combined do not match Binance.
This reflects the significant Matthew effect that has formed in terms of liquidity depth and user trust at Binance, which is also a double-edged sword; Binance's operational health will greatly impact the liquidity stability of the entire crypto market.
Now everyone trusts it, and it has consistently led the industry's progress and transformation. Hopefully, in the future, Binance can set a good example for the entire industry. If Binance crosses the river by feeling the stones, it is not impossible for others to cross by feeling Binance. $BNB