🧐 Many people say that the competition among exchanges has ended, and the WEB3 landscape has been established. I have never believed this!
Many people say that exchanges can no longer compete, that the winners have already been determined, and what remains is just a battle for market share among the big players.
But the moment I saw on Dune that Binance Wallet has a latest market share of 83%, and compared it with CoinDesk's latest exchange rankings from April, I suddenly realized:
In this field, the word "first" has never been something that can be told through stories.
1️⃣ Exchange Benchmark Ranking——
In CoinDesk's benchmark ranking of 87 global exchanges: Binance ranks first.
This is not just talk; it is based on an evaluation of over 100 indicators, including: market quality, security, KYC risk control, transparency, and legal compliance;
Binance is the number one in both spot and derivatives, which is quite rare.
As of now, Binance has over 270 million registered users, with trading volume nearly four times that of the second-largest exchange, an astonishing lead!
You might say, "Data can tell stories too." But on-chain data does not lie:
2️⃣ Wallet Market Share——
According to the Dune dashboard created by @lz_web3, the on-chain transaction volume share of Binance Wallet has been continuously rising, recently reaching an astonishing 83% or more;
This amazes me, considering that just a few months ago, Binance Wallet was in a state of being heavily criticized, and it has only been less than half a year since then, resulting in a dramatic change.
You say WEB3 and competition have solidified, but I truly do not believe it!
Every segment of WEB3 still has enormous potential, just like OKX in the decentralized track and the newly launched PAY track, which may have found better focal points. Everything is progressing in an orderly manner, everything is being prepared intensively, no one is willing to give up, and no one is willing to slack off, because slacking off means death!
3️⃣ Let's talk about being number one in both categories: Binance's intuitive experience——
My own intuitive experience as a user is actually very simple;
At Binance, when it needs to be fast, it is really fast; when it needs to be stable, it is really stable.
Exchanges are essentially trust businesses, and those who have been in this industry for a long time know that the problems never come from poor experiences, but from a collapse of trust.
From asset security to product experience to on-chain penetration rate, I increasingly believe that in an era where technology, compliance, and service are all competing, long-termism has become the most scarce capability.
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