PANews reported on November 11 that according to DeFiLlama data, Binance has had net inflows of US$1 billion for two consecutive weeks, bringing the net inflow in November to more than US$5 billion. This number is five times the net inflow of the second largest platform. . The significant growth highlights Binance’s position as the trading platform of choice amid surging market demand and rising user interest in crypto assets.
In addition, Binance App had more than 13 million visits per day on November 6, which echoed the increased attention after the results of the US presidential election were announced. According to DeFiLlama records, Binance's user asset holdings have reached US$130 billion, the highest user asset holdings since Binance began disclosing proof of reserves two years ago. At the same time, CryptoQuant reported that Binance's reserve percentage (showing the proportion of reserves held by Binance to all exchange reserves) climbed to 25% this month, up 4% from 21% in November 2023.
