
BITWU.ETH|May 11, 2025 01:24
🧐 Many people say that the internal competition in the exchange has ended and the WEB3 market is settled, but I never believe this!
Many people say that the stock exchange is stagnant, the winner has already been determined, and the rest is just a hand to hand battle between the big brothers.
But at the moment when I stumbled upon the latest 83% market share of Binance wallet on Dune, and compared it to CoinDesk's latest April exchange ranking, I suddenly realized:
In this field, the word 'first' has never been something that storytelling can tell.
one ️⃣ Exchange benchmark ranking——
In CoinDesk's benchmark ranking of 87 global exchanges, Binance ranks first in terms of coin placement.
Not just casually mentioned, but evaluated over 100 indicators, including market quality, safety, KYC risk control, transparency, and legal compliance;
Binance ranks first in both spot and derivative products, which is very rare.
As of now, Binance has over 270 million registered users and its trading volume is nearly four times that of the second largest exchange, which is an astonishing lead!
You may say, 'Data, everyone can tell stories.'. But on chain data won't deceive:
two ️⃣ Wallet market share——
According to the Dune dashboard created by @ lzw_eb3, the proportion of on chain transactions in Binance Wallet continues to rise, recently reaching an astonishing 83% or more;
This amazed me greatly. You know, a few months ago, Binance Wallet was still in a state of being criticized by the whole audience, and it has only been less than half a year since then, with earth shattering changes.
I really don't believe you're talking about WEB3 and competition solidification!
There is still huge potential in every sub track of WEB3 now, just like OKX's decentralized track and the recently launched PAY track, which may have found a better focus. Everything is progressing in an orderly manner, and everything is being prepared intensively. No one wants to give up, no one wants to neglect, because neglect means death!
three ️⃣ Talking about Double First: Intuitive Experience of Binance——
My most intuitive feeling as a user is actually very simple;
On Binance, it's really fast when it should be fast, and really stable when it should be.
Exchanges are essentially about trusting business, and those who have been in this industry for a long time know that what goes wrong is never the poor experience, but the collapse of trust.
From asset security, to product experience, to on chain penetration, I increasingly believe that in an era of roll technology, roll compliance, and roll service, long termism has become the scarcest ability.
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