- Binance Wallet recorded $90.56 million in daily transactions on March 18.
- It accounted for 54.1% of the total crypto wallet transaction volume.
On March 18, Binance Wallet recorded a single-day volume of $90.556 million. It accounted for 54.1% of the total volume in the crypto wallet sector that day. The sharp rise in market share coincided with OKX’s March 17 decision to suspend its DEX aggregator service.
According to data from Dune.com, Binance Wallet ranked first in daily on-chain transaction volume on March 18. Its $90.556 million volume significantly outpaced other wallets. The second-ranked GMGN wallet recorded $38.679 million, about 42.7% of Binance Wallet’s volume.
BNB Chain’s decentralized exchange (DEX) volume reached an all-time high of $1.64 billion on March 16. The surge was driven by memecoins, with PancakeSwap ($CAKE) leading at $1.47 billion in volume. Other tokens like $MUBARAK, $BNX, and $CHEEMS also contributed to the increase.
Binance Wallet’s Market Surge
Binance Wallet also led in active trading users, reaching 28,103 users on March 18. It accounted for 29.5% of the total active traders in the crypto wallet sector. The platform now supports 18 public chains, including BNB Smart Chain and Ethereum.
The wallet’s daily transaction volume has surged over 24 times compared to early March. This increase highlights Binance Wallet’s growing dominance in the crypto wallet market. The shift follows major changes in the decentralized finance (DeFi) landscape, with traders seeking new platforms after OKX’s decision.
BNB Chain’s DEX ecosystem continues to expand, with memecoin trading fueling record-high volumes. Binance Wallet’s rise underscores its growing role in the decentralized trading sector.
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