Binance Wallet, a self-custody Binance wallet with KYC, has taken the DEX market by storm. Yesterday, it set a new record, having reached $5 billion in trading volume. Three weeks ago, this metric was below $200 millon. As of today, Binance’s unit surpassed all of its rivals, including MetaMask.
$5,100,000,000 in 24 hours: Binance Wallet hits new dominance milestone
Binance Wallet, a noncustodial cryptocurrency wallet by Binance, routinely sets new trading volume ATHs. During the May 19, 2025 session, it handled about $5.1 billion in 24 hours. The closest competitor, OKX, barely exceeded $120 million across wallets, DEXes and API combined, as on-chain researcher @LZ_web3 displayed on Dune.
As a result, Binance Wallet accomplished 95% dominance in the segment of decentralized crypto wallets with built-in exchange features.
To put the numbers in the context, it should be stressed that ConsenSys’s MetaMask, the most popular on-chain wallet, only processed $9 million in swaps, which is 555x lower than that of Binance Wallet.
The leader established its dominance quickly. On May 1, 2025, it processed less than $200 million. As such, in just three weeks, Binance Wallet increased its volume by 25x.
Binance Wallet is also responsible for one of three active cryptocurrency wallets in the DEX segment, another dashboard says.
Airdrops, prelisting trading, rewards: Key pillars of Binance Wallet’s success
As covered by U.Today previously, such impressive growth is far from being 100% organic. Binance Wallet users can access Binance Alpha, a massive program of prelisting trading of early-stage tokens with amazing volatility.
Also, Binance Wallet users are eligible for rewards, airdrops within its points-based incentive for customers. Proportionally to their trading volume, users can get rewards in new tokens arriving on Binance Wallet.
Yesterday, Binance Wallet also almost lifted fees on the most trending tokens. Order fees on Binance Futures for 10 assets were reduced from 0.15% to 0.01%.
