#OnChainSights Binance's on-chain insights reveal significant trends in the cryptocurrency market. As of June 2024, tokenized U.S. treasuries reached approximately US$1.5 billion on-chain, marking an 80% growth year-to-date, indicating a rising demand for tokenized assets. Additionally, on-chain applications have seen increased revenues, suggesting growing user adoption, with 13 out of the top 15 revenue-generating entities being applications. Furthermore, Binance's Open Interest achieved a new all-time high of $8.3 billion, signaling potential market volatility. These insights underscore the evolving dynamics within the crypto ecosystem and Binance's pivotal role in facilitating these developments.
