Binance Wallet's trading volume reached $5 billion yesterday

BlockBeats News, May 20th, according to The Block, on May 19th, according to Dune Analytics data dashboard, the transaction volume of Binance Wallet reached $5 billion, surpassing wallets such as MetaMask and Phantom. The transaction volume of Binance Wallet has grown by approximately 300% compared to a week ago, currently occupying about 95% of the digital asset wallet market.

The surge in Binance Wallet's transaction volume appears to be closely related to the increased popularity of its "Alpha" section. This section, named Binance Alpha, was launched in December 2024 and focuses on showcasing new projects. Binance also provides Alpha users with token trading competitions, opportunities to get new tokens through TGE in advance, and airdrop rewards.