Amid a shaky macroeconomic environment and a market downturn, cryptocurrency exchange Binance reported a net daily inflow of $1.2 billion. This was announced by the platform’s CEO, Richard Teng.
“This is one of the highest net inflow figures in 2024, indicating strong investor confidence,” he noted.
CEO Binance referred to data from DeFi Llama, which showed that the volume of “clean” assets on the platform reached $86.55 billion. The total TVL of the exchange exceeded $100 billion.
According to Teng, August 5 saw one of the highest trading volumes on the platform since the beginning of the year. At the time of writing, the figure stands at $32.2 billion for the spot market and $13.4 billion for the derivatives market.
The top manager added that there is currently a “recovery in the prices of major tokens, and current market trends confirm this.”
At the time of writing, Bitcoin is trading at $55,000, having gained 5.6% in the past 24 hours. Ethereum also rose by 6.5% to $2450.
Earlier, on the day of the correction, the lending platform Aave earned $6 million from liquidations.
