DefiLlama defines USD inflows as changes in token balances valued in dollars, rather than changes caused by token prices. These are net figures: a rival exchange can receive Binance withdrawals while other customers withdraw funds from that rival. Comparing the two exchanges’ net totals cannot identify the transfers between them.
The Defiant’s calculation adds the selected venues’ positive readings and subtracts their negative readings. The group excludes Coinbase and Kraken; it is not a market-wide total.
Withdrawals Outpace Deposits
Binance’s own reopening-period tally covered a shorter, explicitly defined window: 1 a.m. to 10:30 a.m. ET on Nov. 1. The company said it processed $4.649 billion in withdrawals and $1.01 billion in deposits, leaving approximately $3.64 billion in net outflows over those first nine and a half hours.
Binance said withdrawals had resumed for all 15 networks in its initial phase by 7:36 a.m. ET, and that withdrawal volumes had declined after an initial spike.
In its reopening announcement, the exchange pledged to absorb the financial losses rather than pass them to users.
Binance said it was still testing the remaining networks and assets and expected to publish an updated proof-of-reserves report on Nov. 2.
