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He Yi: Binance Wallet Handles 75% of Wallet Transactions, $13B Daily

Binance co-founder He Yi revealed that Binance Wallet accounts for 75% of all wallet transaction volume, processing over $13 billion daily. This highlights the dominance of Binance’s integrated wallet in the crypto ecosystem.

Original source

AI take

The striking figure here is not the $13 billion itself but the 75% share: it suggests Binance's integrated wallet has become the default venue for on-chain activity among its user base, which matters for how liquidity and token launches get distributed. That concentration cuts both ways — it strengthens Binance's hand in listings and ecosystem incentives, while raising the question of how much of this volume is genuine, independent activity versus flow routed through the exchange's own rails. Whether rival wallets can claw back share, and whether the metric is defined consistently across the industry, is the open question.

Generated by AI for reference only.

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