Against the background of a shaky macroeconomic situation and a downturn in the crypto exchange market, Binance recorded a net daily inflow of $ 1.2 billion. This was announced by Richard Teng, CEO of the trading platform.
Amid the macroeconomic climate and yesterday's market downturn, #Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to @DefiLlama's CEX Transparency metrics.
This marks one of the highest net inflow days of 2024, indicating strong investor…
"This is one of the highest net inflows in 2024, which indicates high investor confidence," he said.
The CEO of Binance referred to DeFi Llama data, according to which the volume of "net" assets on the platform reached $86.55 billion. The total TVL of the exchange exceeded $100 billion.
TVL and Binance tributaries. Data: DeFi Llama.According to Teng, on August 5, the platform recorded one of the highest trading volumes since the beginning of the year. At the time of writing, the figure is $32.2 billion for the spot market and $13.4 billion for the derivatives market.
The top manager added that "the quotes of the main tokens are now recovering, and current market trends confirm this."
At the time of writing, bitcoin is trading at $55,000, having gained 5.6% per day. Ethereum also rose 6.5% to $2,450.
Recall that on the day of correction, the Aave landing platform earned $6 million in liquidations.