Nearly $1 trillion in RWA trading volume has already moved through crypto exchanges in 2026. That includes gold, silver, oil, and equities. According to CoinDesk Research, Binance accounted for 60.9% of total CEX RWA volume YTD and nearly $450 billion in RWA perpetuals, capturing 59.4% market share. But the scale goes beyond trading. Binance now has over 316 million users, holds roughly $145 billion in user assets, has processed more than $280 billion through Binance Pay, and distributed around $1.2 billion in Earn rewards in 2022. Crypto exchanges were built to trade crypto. Now they’re processing traditional assets, payments, savings, and yield for hundreds of millions of users. That’s a very different business from the exchange model we started with. Now, the race is to become the Financial Super-App.(Ali Charts)