In the first quarter of 2025, Binance continues to lead the cryptocurrency market with a total trading volume of $8.41 trillion, accounting for 38.8% of the global market share. Among this, derivatives trading dominates, being 3.39 times larger than spot trading, reflecting the trend of prioritizing derivative products in the market.

However, the performance of newly listed tokens on Binance this quarter raises concerns. Only 2 out of 27 tokens increased in price, while 89% of the rest saw significant declines, with some losing up to 90% of their value. This raises doubts about Binance's listing strategy and affects investor confidence.

At the same time, Binance Labs has invested in 46 projects in 2024, focusing on areas such as DeFi, AI, and blockchain infrastructure, to promote innovation and expand the ecosystem.

In summary, although Binance maintains its leading position in trading volume, it needs to improve its listing strategy to bolster investor confidence.