Key Points
- Binance has just surpassed $132 billion in TVL, amidst rising demand for crypto.
- Recently, Binance’s reserve percentage reached an ATH of 25%.
Amidst a very optimistic and bullish crypto market, Binance is marking its own milestones these days, with record inflows, and nearing 240 million registered users.
Binance Surpasses $132 Billion in TVL
Binance has just surpassed $132 billion in TVL, according to data from DeFi Llama.
The same data shows that today, November 11, the USD inflows in the crypto exchange surpassed $90 million.
Strong inflows in the crypto exchange highlight once again its strong position in the industry. Binance is currently the world’s leading crypto exchange by trading volume and users, and it achieved two consecutive inflow weeks of billion-dollar inflows.
DeFi Llama data shows that November’s total inflows are above $5 billion.
It’s also worth noting that on November 6, Binance reported over 13 million app visits in a single day, a number fueled by the US election results which showed Donald Trump as the new US President.
The exchange’s CEO, Richard Teng, highlighted the importance of this event, predicting the debut of a golden age for the crypto industry. Speaking to Financial Times, he said that Trump’s win is also a victory for the digital asset industry.
He also said that the period of consecutive ATHs, billion-dollar inflows on Binance, and the increase in the exchange’s reserve percentage, highlights the strength and resilience of the crypto exchange, as reported by Finance Feeds.
Binance Reserve Percentage Reached a New ATH at 25%
CryptoQuant data has recently highlighted that Binance’s reserve percentage rose to 25% in November, up by more than 21% since November 2023.
If this growth trend continues, Binance could soon challenge Coinbase in terms of holding the highest percentage of exchange reserves which was about 33% when CryptoQuant shared their observations.
Binance Nears 240 Million Registered Users
Binance is also nearing 240 million registered users, a number that highlights the rising users’ trust in the crypto exchange.
The exchange’s success is also mirrored by recent achievements, including being listed by Fortune as the number one innovator in blockchain and crypto in Asia, and claiming the first spot in global CEX app downloads.
Binance began its journey in 2017 under the guidance of Changpeng Zhao and continued its road to success, surpassing all difficulties along the way, due to its strong culture and principles, ambitious mindset, and the team’s dedication to users.
