The sudden surge in dominance has been linked to Binance Alpha’s aggressive strategy of airdrops and token distributions.

Over the past months, Binance Alpha has executed more than 100 airdrops, distributing over 140 million tokens. On average, each user received tokens worth around $6,696, which fueled unprecedented trading activity and attracted swarms of retail participants.

Several projects launched through Binance Alpha have gone on to deliver remarkable returns after transitioning from Alpha to Spot listings. Tokens like $SHELL have surged by 27x, $HYPER by 18x, and $PARTI by 14x, giving early participants outsized gains and reinforcing the hype around Binance’s ecosystem.

Meanwhile, competing wallets have seen their market share collapse. ImToken holds just 1.8%, TokenPocket 1.5%, MetaMask 0.9%, and Bitget 0.5%. Well-known names such as TrustWallet, Zerion, Rainbow, and OKX are practically insignificant in comparison, with less than 0.2% combined.

Industry analysts suggest this dominance highlights Binance Wallet’s growing importance as a hub for swap activity and early project discovery. While critics warn of excessive centralization, others argue that Binance’s strong network effect is creating real opportunities for traders who want exposure to high-growth tokens at the earliest stage.

With Alpha airdrops continuing and new listings gaining traction, Binance Wallet appears positioned to remain the undisputed leader in swap activity for the foreseeable future.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Binance Wallet Crushes Rivals With 95% of Global Swap Volume appeared first on Coindoo.

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Filed under: Bitcoin - @ August 21, 2025 12:23 pm