Updated · Apr 11, 2025
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Binance Statistics: An extensive account of Binance’s spectacular journey in 2024, wherein it affirmed itself as the largest cryptocurrency exchange in the world. The year brought significant growth for Binance, innovative service upgrades, strengthening of compliance protocols, and finally, asserting itself as the most powerful player in the crypto industry.
This article aims to offer considerable Binance statistics and insight into this transformational year for Binance, providing numbers and percentages, which are important in giving prominence to its amazing milestones.
(Source: public.bnbstatic.com)
(Source: mitrade.com)
(Source: mitrade.com)
(Source: statista.com)
(Source: businessofapps.com)
(Reference: businessofapps.com)
As per Binance statistics, Binance achieved significant growth and improved its services, extended its presence across the globe, and fortified compliance and security measures, all of which mark the advancements of Binance as an innovator within the cryptocurrency realm and a leader in innovation, security, and user satisfaction in the fruitful future. It is parading itself before 2025 in anticipation as a greater evoker to transform the crypto ecosystem.
However, in the course of 2024, Binance’s market share fell from 62% in 2022 to 30% in late 2023 but bounced back above 40%. It retained its position as the largest exchange by trading volume, comprising US$22.5 trillion of the total US$54 trillion market volume for centralised exchanges.
Ethereum dominated with the largest market capitalisation of US$401.5 billion. Trade volume was similarly the highest for Ethereum at US$20.8 billion. Solana trailed with a market value of US$91.4 billion, while BNB had US$100.9 billion.
Ethereum had transaction fees amounting to US$4.00 per transaction, while Solana had the least at US$0.01. BNB had a transaction fee amounting to US$0.10; therefore, it was cheaper than Ethereum but more expensive compared to Solana.
BNB surged from US$200 in October 2023 to an all-time high of US$710 in June 2024, bouncing to settle between US$500 and US$600-pricing levels. It stood at US$554.48 on April 7th, 2025, just shy of its all-time high of US$600 established in 2021.
The year 2024 was expected to be compelling for Binance, with strong user growth momentum from 2017 up until 2022, crossing the maximum count of 31 million. In the year 2023, however, a dip in users to a level of 29.5 million was seen, possibly because of a regulatory backlash and growing competition.
Joseph D’Souza founded ElectroIQ in 2010 as a personal project to share his insights and experiences with tech gadgets. Over time, it has grown into a well-regarded tech blog, known for its in-depth technology trends, smartphone reviews and app-related statistics.
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