Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Former Indian Politician Convicted in Bitcoin Extortion Case

01/09/2025

Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

01/09/2025

StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

01/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Price Aims at $5,000 As Exchange Balance Falls To 9-Year Low

    31/08/2025

    The 7 Largest Publicly Traded Ethereum Treasury Firms

    31/08/2025

    How a Hyperliquid Trader Made $30 Million in Just 4 Months

    31/08/2025

    Ethereum Rainbow Chart predicts ETH price for August 31, 2025

    31/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Nike, StockX End Trademark Clash Over NFTs and Fake Shoes

    01/09/2025

    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    31/08/2025

    PENGU token loses 20% in August amid Pudgy Party game launch

    30/08/2025

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    27/08/2025

    Former Indian Politician Convicted in Bitcoin Extortion Case

    01/09/2025

    Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

    01/09/2025

    StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

    01/09/2025

    US Lawmakers Visit Europe to Boost Digital Asset Rules, Monetary Policy Ties

    01/09/2025
  • Blockchain

    Web3 Social Platform TomTalk Integrates NexFi Wallet for Crypto Transactions, Stablecoin Trades

    01/09/2025

    House Party Protocol and Orbiter Finance Ally to Accelerate AI-Native Economy

    01/09/2025

    Zoro Joins HIVE Intelligence to Bring Blockchain Intelligence to AI Developers

    01/09/2025

    Sony’s Soneium Debuts Scoring System to Record Onchain Participation

    01/09/2025

    SoonChain Taps Veritas to Offer AI-Driven Web3 Security

    01/09/2025
  • DeFi

    Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

    01/09/2025

    Jupiter Launches Public Beta of Lending Platform on Solana

    01/09/2025

    Base Crosses $200 Billion Trade Volume On Uniswap

    01/09/2025

    Is TON’s DeFi ready to lead a true financial revolution?

    01/09/2025

    Aave (AAVE) Reclaims $300 as V4 Beta May Unlock Cross-Chain Liquidity, GHO Stablecoin and Uniswap V4 Borrowing

    01/09/2025
  • Metaverse

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025
  • Regulation

    StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

    01/09/2025

    Momentum builds around ETH treasury companies

    01/09/2025

    Bitcoin’s biggest Wall Street backer takes the wheel at World Economic Forum

    01/09/2025

    Bullish Becomes First Digital Asset Exchange to List on NYSE

    01/09/2025

    S&P Dow Jones in talks to bring tokenized indexes to exchanges, DeFi: Exec

    01/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Huobi to Launch Trump-Backed DeFi Token $WLFI

    01/09/2025

    21Shares Launches Hyperliquid ETP on SIX Swiss Exchange

    01/09/2025

    VivoPower expands Crypto.com partnership with new shareholder incentives

    01/09/2025

    SBI Launches Bitcoin Services for 3D Housing Pioneer

    01/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Biggest Games Releasing in September 2025

    31/08/2025

    OKX Wallet Taps Shaga to Offer Secure Web3 AAA Gaming

    31/08/2025

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    29/08/2025

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    28/08/2025

    Ruihe Shuzhi Technology Partners with Bitmain for Bitcoin Cloud Mining

    01/09/2025

    A Remarkable 89.2 BTC Mined in Seven Days

    31/08/2025

    Bitcoin Miners Make a Sextillion Hashes per Second the New Standard

    30/08/2025

    Bitcoin Hashrate Rockets to New Heights, Smashing Through 980 EH/s Barrier

    30/08/2025

    Former Indian Politician Convicted in Bitcoin Extortion Case

    01/09/2025

    US Lawmakers Visit Europe to Boost Digital Asset Rules, Monetary Policy Ties

    01/09/2025

    Details Emerge on New Bill to Regulate the Cryptocurrency Market in the US

    01/09/2025

    Japan’s SEC Announces Major Reforms for the Country’s Cryptocurrency Sector

    01/09/2025

    Former Indian Politician Convicted in Bitcoin Extortion Case

    01/09/2025

    Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

    01/09/2025

    StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

    01/09/2025

    US Lawmakers Visit Europe to Boost Digital Asset Rules, Monetary Policy Ties

    01/09/2025
  • MarketCap
NBTC News
Home»Exchanges»Binance’s Web3 wallet reached peak market share after OKX suspends DEX aggregator service
Exchanges

Binance’s Web3 wallet reached peak market share after OKX suspends DEX aggregator service

NBTCBy NBTC20/03/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Binance Wallet, one of the widely used Web3 services, reached peak volumes on Wednesday. The wallet took over traffic after OKX suspended its DEX aggregator service.

Binance Wallet became the most popular Web3 interaction tool, with daily volumes surpassing $90M. The wallet took over Web3 traffic and DEX activity after the OKX wallet suspended its DEX aggregator service.

In the past two days, Binance Wallet expanded its share of overall daily users. Right after the announcement by OKX, the wallet took over 54% of the market. A day later, the share already expanded to 66%.

Binance Wallet expanded its influence among other Web3 wallets after adding new liquidity features. | Source: Dune Analytics

Binance Wallet usage also coincided with a general increase in BNB Smart Chain usage and DEX activity on PancakeSwap. The shift may be temporary, as OKX has only suspended its DEX aggregator to achieve improved compliance. The other short-term reason for the increased wallet usage was the launch of the Bubblemaps (BMT) token on Binance. The asset was among the day’s trending tokens, further boosting the wallet’s activity.

The other reason for the expansion of Binance Wallet usage is the special bonus period with zero additional trading fees. The ability to trade the newest memes without additional expenses drove the wallet to the leading position. The wallet also retains the advantage of having a native chain, which other Web3 wallets lack, relying on multi-chain access.

🚀 Enjoy zero trading fees on all swaps in #Binance Wallet for the next 6 months!

Start trading now! 🔥

— Binance Wallet (@BinanceWallet) March 17, 2025

Binance’s ecosystem is trying to expand more aggressively after Ethereum and Solana are showing signs of user outflows. The wallet has also added new features, including exclusive access to TGE launches, token filtering and selection features.

OKX loses traffic after becoming a tool for Lazarus hackers to launder funds

OKX Web3 wallet previously carried up to 50% of traffic, due to multi-chain access and high demand for the available DEX. After removing the aggregator, the wallet’s share fell to 3.6% of all activity.

As a Web3 wallet, OKX was used anonymously and carried some of the traffic from the recent Bybit hack. For that reason, OKX will increase its compliance mechanism. The OKX Web3 wallet used THORChain, which managed to obscure some of the swaps. OKX is trying to secure its role in DeFi space, as it turned out protocols were not ready to track down and freeze funds from hacking activities.

OKX claimed its Web3 platform was open to anyone, but the recent activity showed protocols could choose to track down funds and probably were complicit with the losses. There is no unified standard on freezing funds, but OKX will change its access to filtering and aggregating transactions.

Binance shifts the balance of Web3 wallets

The sudden activity spike may also be linked to a new feature that further consolidates the ecosystem. The owners of Binance balances on the centralized exchange can now directly bid on decentralized tokens.

Binance Alpha 2.0 launched for the Chinese-speaking regions, explaining the rapid spike in Web3 activity during Asian trading hours. Binance’s approach to expanding token selection without listing is similar to the Coinbase verified pools, offering curated access to relatively safer liquidity pairs.

The BNB Smart Chain also produced $1.63M in fees for the past 24 hours, surpassing TRON (TRX) to become the sixth-largest fee generator for the past day. BNB Smart Chain also raised more fees compared to Ethereum and Solana put together. The shift to new meme tokens shows there is still a search for highly active crypto assets. Despite the slow altcoin season, liquidity hubs and accessible infrastructure remain the key to retaining on-chain activity.

Currently, Binance and Coinbase are the only centralized exchanges with a highly active native chain. This has allowed the crossover between centralized activity and Web3. In the past months, liquidity was mostly split between CEX and DEX, but Binance unleashed its peak user base and assets to flow back into DEX activity.

Following the peak wallet usage, the native token BNB took a step back, to trade at $618.84. In the past few days, BNB maintained its price above $600, mostly driven by new demand for meme tokens.

Binance has the additional advantage of integrating Four.meme tokens, in addition to the hand-picked daily Alpha selections. Other exchanges lack the integrated ecosystem to offer extended lists of tokens and safe DEX aggregation.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Huobi to Launch Trump-Backed DeFi Token $WLFI

01/09/2025

21Shares Launches Hyperliquid ETP on SIX Swiss Exchange

01/09/2025

VivoPower expands Crypto.com partnership with new shareholder incentives

01/09/2025

SBI Launches Bitcoin Services for 3D Housing Pioneer

01/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Former Indian Politician Convicted in Bitcoin Extortion Case

01/09/2025

Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

01/09/2025

StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

01/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.