Binance Wallet, the self-custodial wallet integrated into the Binance app, had a record-breaking daily volume of US$5 billion in swaps on May 19, according to Dune Analytics Dashboard maintained by on-chain analyst LZ_web3.
This marks the sixth straight day of increasing trading volumes within the platform. The number represents a 300% increase compared to the previous week and currently accounts for 95% of the swap volume between digital wallets.
The high volume of activity is related to the “Alpha” section of Binance Wallet, which launched in December 2024. The feature grants users early access to token launches, token generation events (TGEs), airdrop rewards, and trading competitions. These features have attracted traders interested in assets before their official listings.
Among the projects highlighted in the Alpha section is SOON, the native token of the Solana Optimistic Network. Initiatives like this contribute to the growth of the wallet's use and encourage more active participation by traders in search of possible future appreciation.
In addition to the competitive advantage in terms of early launches, the user numbers are also impressive. On Monday alone, Binance Wallet had more than 93.600 active traders, a number that is almost three times higher than the data recorded by Phantom and OKEx, and is more than four times higher than the active users of MetaMask.
The impact is also noticeable on Binance Smart Chain (BSC), which saw a 65% jump in decentralized exchange (DEX) trading volume over the past week. Volume reached $27,7 billion, ahead of Solana’s $24,9 billion and Ethereum’s $15,7 billion, according to data consolidated by DefiLlama.
With the integration of rewards, exclusive token access, and growing on-chain activity, Binance Wallet solidifies its position as a leading tool for early-stage crypto asset trading and discovery.
