🧐 The Current Situation and Development of Binance #Binance: An Objective Analysis of Facts and Data——

I am very pleased to see that @sisibinance has just released:

We have received a lot of feedback and suggestions. To address everyone’s concerns more efficiently and transparently, we have established a [special communication group].

Binance is indeed listening to advice; the product manager is directly engaging with users in the group, which is a fundamental aspect that many internet products can do well and that users are willing to embrace. Binance has finally taken this step, and I believe they genuinely want to improve!

In fact, there has been a lot of FUD (Fear, Uncertainty, and Doubt) surrounding Binance recently, from various rumors to doubts about its operating model, or ongoing verbal attacks on CZ. Binance seems to have once again become the focus of public opinion.

In the last AMA, the host @heyibinance talked about Binance's development and the hardships along the way, as well as the core idea of being user-centered, addressing many questions about new coin listings and Launchpool;

Many of the questions here are quite difficult to answer, and with some project parties using the AMA to advertise themselves, I honestly feel that the entire session did not achieve its intended effect. Many questions actually have no answers, but the host still took it upon herself to handle everything. I believe this is driven not only by a sense of responsibility but also by a determination to get things right;

Different focuses and positions lead to different perspectives. The host has been working hard to view some issues from multiple angles and to solve some problems, which I think is a rare quality;

As someone who has watched Binance grow, I believe that in the entire WEB3 industry, there is no absolute best, only relatively better options. In terms of overall strength, Binance is clearly the relatively better choice;

I find it quite ridiculous that many people attack Binance illogically over new coin listings. The decline of VC coins has become a consensus with almost no reversal in this round; people are unwilling to let VC take over. Other exchanges' VC coins follow the same trend, which cannot be a reason for attack;

At that time, I thought it was necessary to write something. I believe it is essential to objectively assess Binance's performance and its value to users based on facts and data. Therefore, I collected some data, just in time to leverage the recent tweet from @sisibinance, which is very responsive:

The following analysis is based on four key dimensions:

1) Returns to Users from BNB——

As Binance's platform token, BNB has evolved from a simple trading fee discount tool into a multi-purpose ecological asset since its issuance in 2017.

As of February 21, 2025, according to publicly available market data, BNB's market capitalization has consistently ranked among the top five cryptocurrencies. Although its price fluctuations since 2024 have been influenced by the market, the overall yield has been significant.

At the beginning of 2021, the price of BNB was about $37, while by the end of 2024, it had once surpassed $600, maintaining above $500 even during market corrections, with an annualized return far exceeding many mainstream assets.

This growth is not only due to Binance's profit buyback and burn mechanism (which has destroyed over 40% of the initial supply) but is also closely related to the utility of BNB in the BSC (BNB Smart Chain) ecosystem, such as staking and Gas fees.

For users, BNB is not only an investment but also provides opportunities for actual returns such as trading fee discounts, participation in Launchpool, staking mining, and BNB Holder airdrops.

Therefore, in terms of investment returns and utility, BNB indeed lives up to users' trust. Simply put, if you hold it directly, it has not disappointed anyone; BNB owes nothing to anyone;

2) Competitiveness of Binance's CEX Products——

The key words here are functionality and innovation:

As the world's largest centralized exchange (CEX), Binance's product line has always maintained a leading position in the industry.

Currently, apart from WEB3 on-chain functions, the exchange's other functionalities and trading depth are absolutely far ahead;

In 2024, Binance's average daily trading volume still accounts for over 50% of the global CEX market (referencing on-chain data from Dune Analytics, etc.), which not only reflects its vast user base but also proves the competitiveness of its products.

Binance's CEX products cover various functions such as spot trading, futures, options, leveraged trading, Launchpool, and Savings, meeting the needs of everyone from beginners to professional traders.

For example, in Launchpool, users can stake BNB and other assets to obtain new project tokens for free. More importantly, Binance's investment in compliance and security cannot be overlooked.

After CZ's return in 2024, Binance accelerated its global compliance layout, obtaining licenses in multiple countries and regions, while its SAFU (Secure Asset Fund for Users) has exceeded $1 billion, providing strong protection for users. All of this indicates that Binance's CEX products are not only "capable" but are also continuously evolving.

3) Superiority of Coin Listing Performance——

Binance's coin listing performance has always been the industry benchmark.

Although new coin listings on Binance have generally seen declines recently, which has become a major point of attack, the primary coins that have dropped are VC coins, which is a common market phenomenon;

According to historical data, from 2019 to 2024, projects launched on Binance Launchpad (such as AXS and MATIC) have averaged over 300% returns in the first year after their debut;

Binance's advantage in coin listings lies in its "screening + traffic" model: strict project reviews ensure quality, while the traffic brought by its 250 million users (2024 data) amplifies potential. This model allows Binance's average listing performance to consistently lead, making it a "golden springboard" for new projects.

4) BSC's Popularity Approaching Solana, CZ's Hands-On Involvement: Ecological Rise——

BSC (BNB Smart Chain), as Binance's public chain ecosystem, has seen remarkable development in recent years. In 2024, the number of daily active addresses on BSC has surpassed 2 million (BscScan data), with trading volume and DeFi total value locked (TVL) steadily increasing, gradually narrowing the gap with Solana.

In 2024, the popularity of Meme coins (such as KOMA) and DeFi projects (such as PancakeSwap) on BSC surged, with TVL once approaching $5 billion, not far from Solana's $6 billion.

More critically, after CZ's return in 2024, he began to "get involved hands-on," personally promoting the development of the BSC ecosystem. He frequently voiced on social media, emphasizing the "Build on BNB" strategy and increasing support for the incubation of new projects.

This top-down driven model contrasts with Solana's community-driven approach, further enhancing market confidence in BSC.

Conclusion: The Development of Binance Balances Responsibility and Growth:

So despite the ongoing FUD, Binance's performance remains convincing:

BNB provides users with continuous returns, CEX products maintain industry leadership, average listing performance exceeds competitors, and the BSC ecosystem is rising in popularity with CZ's personal endorsement.

These facts cannot be ignored; Binance is not only developing well but is also taking responsibility for users through concrete actions.

Of course, no platform is perfect, and Binance must continue to optimize compliance, respond to regulatory pressures, enhance wallet and WEB3 on-chain functions, and remain vigilant against market volatility and security risks.

But from the data and trends, it still leads the cryptocurrency industry.

FUD may be short-term noise, but facts and figures do not lie—

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