PANews reported on May 20 that according to The Block, the data from the Dune Analytics dashboard of the chain observer LZ_web3 showed that the daily swap transaction volume of Binance Wallet reached 5 billion US dollars on May 19, surpassing similar products such as MetaMask and Phantom. The peak of the wallet's 24-hour transaction volume marked the sixth consecutive day of rising user activity, with a weekly increase of about 300% in transaction volume, and currently accounts for 95% of the digital asset wallet market.

Analysts believe that the jump in Binance Wallet trading volume is directly related to the strengthening of its "Alpha" sector publicity. In addition to pre-listing exposure of tokens, Binance also continues to attract user participation through strategies such as trading competitions, early bird access to TGE new tokens, and airdrop rewards. Data shows that as of Monday, Binance Wallet had more than 93,600 "active cryptocurrency traders", nearly three times the number of Phantom and OKX and four times that of MetaMask. Driven by this, Binance Smart Chain (BSC) DEX trading volume has increased significantly. DefiLlama data shows that BSC DEX's trading volume has soared 65% to US$27.7 billion in the past seven days, while Solana and Ethereum DEX trading volumes were US$24.9 billion and US$15.7 billion, respectively, during the same period.