Bull market returns! 2025 Q1 Exchange Spot Data Unveiled: Where Are the Wealth Opportunities? The cryptocurrency market is rebounding, with Bitcoin leading the gains. Opportunities for primary and secondary markets are born in 2025! Where is the core battlefield of the secondary market? The answer points to CEX. Through insights from spot data, we can analyze the distribution of wealth opportunities 👇 Unstoppable spot king According to TokenInsight's Q1 2025 data, Binance's spot market share reached 43.9%, further climbing to 45% by the end of March, far ahead of other exchanges. Its moat effect is significant: 1. Accumulation of high-quality assets Strong liquidity and well-established mechanisms, high-quality projects such as BABY and WCT prioritize Binance. 2. Low market value opportunities The market value ladder for new projects is decreasing, and BNB holders are enjoying more benefits. 3. Trading profit margin The active secondary market significantly increases the opportunities for trading and making money. Since 2017, Binance has firmly held a dominant position in the market due to its first mover advantage and sound ecosystem. Especially during market downturns, the trend of high-quality assets concentrating towards the top is more pronounced, which creates a "discontinuous" suppression on other exchanges. User and Activity: Binance's Dominance Monkey Brother has compiled user data from major exchanges (see figure below): Binance has 270 million registered users and a cumulative transaction volume of $100 trillion, almost equivalent to the total of other exchanges. And considering the current market downturn, estimate based on the industry DAU proportion and the 2.5% -5% proportion of registered users. Binance DAU is about 13.5-27 million, still far exceeding its peers. At this point, Monkey remembered 2018, when the registered users of Binance were only 20 million, with a growth of over 10 times in 7 years, indicating the rapid growth of the cryptocurrency community. Safe moat Monkey Brother believes that the success of Binance is not only due to its scale, but also depends on trust and security Based on the 2024 data found, Binance's security system helped users avoid $4.2 billion in losses and protected 2.8 million users from fraud. From the perspective of a multi-level security system such as cold wallet custody, PoR asset proof, real-time risk monitoring, and a $1 billion SAFU fund, the cornerstone of this trust has been validated over time. This is also a technological advantage of Binance, as there have been almost no major security incidents over the years. As an old user of Binance, I am still very happy. Binance, with CZ @ cz-binance as its soul, is undoubtedly the core of the bull market spot market in 2025. Whether it is the benefits of new projects for BNB or trading opportunities, Binance provides the best ecosystem! Binance If I give you 1 million yuan and only play level two, how should I proceed? Feel free to discuss 😄