"Binance's Money-Making Technique: Controlling 67% of Global Stablecoin Reserves, Firmly Holding the Dominant Position"
As market enthusiasm continues to rise, Binance's industry dominance is becoming increasingly solid. From liquidity to trading activity, Binance's influence in the crypto space is undeniable. According to the latest data from CryptoQuant, Binance currently controls 67% of the global exchange stablecoin reserves and has recorded over $22 billion in stablecoin inflows in 2024. This surge in stablecoins provides strong support for Binance's liquidity while also consolidating its position as a major driver of cryptocurrency demand.
At the same time, the performance of Binance Smart Chain (BSC) is equally impressive. According to DeFiLlama data, the market capitalization of stablecoins on BSC has grown from less than $4 billion at the beginning of the year to the current $6.6 billion, significantly enhancing network liquidity. The trading volume on BSC has also seen explosive growth in the fourth quarter, with daily transactions rising from 3 million in September to over 5 million currently, and single-day trading volume has breached $2 billion twice since December. These figures indicate that while it has not yet reached the peak of the 2021 bull market, market activity is steadily warming up.
Looking at the price performance of BNB, the token has benefited overall from the market recovery this year, but its short-term trajectory has seen some volatility. This week, BNB rebounded from $642 to $723 and is currently moving towards the $800 mark. Although there is still some distance from the peak of the bull market, as Binance's ecological advantages continue to expand, the long-term potential of BNB remains worthy of expectation.
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