Binance Wallet, an independent Binance wallet with KYC, took the Dex market by storm. Yesterday, it reached a trading volume of $5 billion and set a new record. Three weeks ago, the metric was under $2 million. As of today, Binance’s units outperform all of their rivals, including Metamask.
$5,100,000,000 in 24 hours: Binance Wallet hits new domination milestones
Binance Wallet, a non-cathodial cryptocurrency wallet by Binance, has set up a new trading volume as everyday. The May 19, 2025 session processed approximately $5.1 billion in 24 hours. The closest competitor, OKX, barely surpassed $120 million in wallet, Dexes and API, as seen in Dune by on-chain researcher @LZ_WEB3.
As a result, Binance Wallet achieved a 95% advantage in the segment of decentralized crypto wallets with built-in exchange capabilities.
To put numbers in context, we need to emphasize that Consency’s Metamask, the most popular on-chain wallet, is only processed by $9 million with swaps 555 times lower than that of Binance Wallet.
The leader quickly established that control. On May 1, 2025, we processed less than $200 million. So in just three weeks, Binance Wallet has increased its volume by 25 times.
The Binance wallet is responsible for one of the three active cryptocurrency wallets in the Dex segment, another dashboard says.
Airdrop, Pre-Ring Trading, Rewards: Key Pillars of the Success of a Vinance Wallet
As previously covered by U.Today, such impressive growth is not 100% organic. Binance wallet users can access Binance Alpha. This is a large program of early stage token trading with incredible volatility.
Binance Wallet users are also eligible for rewards, airdrops within point-based incentives for customers. Proportional to transaction volume allows users to earn rewards with new tokens arriving in their binance wallet.
Yesterday, Binance Wallets mostly raised the fees for the most trending tokens. Order fees for 10 assets for vinance futures have been reduced from 0.15% to 0.01%.
