Binance Wallet, Binance’s native crypto wallet, has achieved a milestone in terms of market dominance. As per the data from the crypto analyst Ali, Binance Wallet claims a staggering 95% share of the total market in terms of 7-day $USD swap volume driven by the completion of more than 100 airdrops by Binance Alpha. As the crypto analyst mentioned on social media, Binance Wallet’s dominance has surpassed imToken, TokenPocket, and MetaMask by a notable margin. Hence, this development indicates an exclusive wave of swap activity and engagement dealing with Binance Wallet.
Binance Wallet has effectively occupied up to 95% of the cumulative market share. In line with that latest data, Binance Wallet has efficiently outperformed imToken, TokenPocket, and MetaMask as they are now lagging far behind. Particularly, $imToken holds only 1.8% of the market share, and TokenPocket accounts for just 1.5% of the total market share. Additionally, MetaMask stands at just 0.9% when it comes to market share. A key role in this respect has been played by Binance Alpha as it has accomplished more than one hundred airdrops, distributing over 140M tokens.
What Does Binance Alpha Mean for Binance Wallet?
Binance Alpha serves as a curated platform operating within the wider Binance ecosystem. It spotlights latest crypto projects via incentivized airdrops to reward new adopters and also works as a launchpad to drive promising tokens. The project’s success is clear in several tokens’ post-airdrop performance. In this respect, $SHELL has spiked by 27x, $PARTI has recorded a 14x increase, and $HYPER has jumped by 18x from Alpha phase to their spot listings. These achievements have attracted newcomers and seasoned traders alike, turning Binance Wallet into a go-to platform to perform swap activities.
