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Binance statistics 2023

A breakdown of the numbers for Binance, Binance.US and the BNB Chain.

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Binance is the largest cryptocurrency exchange in the world by trading volume, and Binance.US is one of the largest in the United States.

And Binance's decentralized network – the BNB Chain – is one of the most used blockchains in the world.

In this report, you'll find visualized data on Binance's user base as well as trading volume on Binance and Binance.US. We'll also present visualized data on transactions, total value locked (TVL) and unique addresses on the BNB Chain.

Quick summary of Binance statistics

  • By the end of 2022, 92% of all spot Bitcoin trading was occurring on Binance
  • In January 2023, Binance hosted 55% of global crypto spot trading
  • As of 2022, Binance had 128 million registered users on the platform
  • Peak 24-hour trading volume on Binance hit US$147.6 billion in 2021 but declined in subsequent years
  • In 2021, the BNB Chain experienced a peak in 24-hour transaction volume at US$16.26 billion
  • In 2021, the BNB Chain also experienced a peak TVL at US$21.82 billion
  • While the amount of unique addresses on the BNB Chain continues to increase slowly and steadily, the amount of daily active users on the chain peaked in November 2021
  • On May 10, 2021, Binance Coin – the BNB token – reached its all-time high of US$686.31
  • Binance burned approximately 2.06 billion of Binance Coin (BNB) in Q4 2022, and over 20% of the initial supply of Binance Coin has been burned since the asset came to market

Binance users

By the end of 2022, Binance had 128 million registered users. Its biggest competitor, Coinbase, had 108 million registered users.

While there isn't a lot of public data around Binance users on a country-by-country basis, we can get some idea of how popular Binance is in certain regions by looking at where the exchange sponsors the most in-person and online meet-ups.

Binance sponsored 213 meet-ups in Africa last year (not including some North African countries), while it only sponsored 102 across all of the Americas.


Binance trading volume

Binance saw its highest peak in 24-hour trading volume in 2021 when it hit US$147.6 billion.

This was over a 400% increase in peak 24-hour trading volume 2020 when it hit US$35.13 billion.

Peak 24-hour trading volume has been in decline since 2021 though as it only hit US$94.75 in 2022 and US$64.58 in 2023.

On 17 February 2023, 24-hour trading volume on Binance hit US$27.99 billion. It only hit a small fraction of that number – US$2.05 billion – on competitor exchange Coinbase.

However, on the same date, the 24-hour trading volume on Coinbase – the largest exchange in the United States by trading volume – was over 5 times that of Binance.US, the US subsidiary of Binance.

Approximately half of Coinbase's trading volume comes from US customers. So, even if you cut the 24-hour trading volume statistic for Coinbase in the previous chart in half, Coinbase would still do more than twice the 24-hour trading volume that Binance.US does in the US.


The BNB Chain

The BNB Chain came about as the result of a merger between the Binance Beacon Chain and the Binance Smart Chain in February 2022.

The BNB Chain's native token is BNB.

From July 2017 until April 2019, the BNB token only existed on the Binance Beacon Chain and was primarily used to pay for trades on Binance.

In April 2019, BNB also became the governance token of the Binance Smart Chain – a decentralized network on which DeFi and NFT protocols exist.

In 2021, the BNB Chain experienced its tallest peak in on-chain 24-hour transactions, maxing out at 16.26 million transactions.

This number of transactions was over 4,900% greater than the peak number of transactions in a 24-hour period on the BNB Chain in 2020.

Since 2021, the annual peaks in 24-hour transaction volume on the BNB Smart Chain have been in decline.

2021 wasn't just a big year for transaction volume on the BNB Chain.

Many users locked a large amount of value in smart contracts on the chain.

The largest amount of TVL on the BNB Chain in a 24-hour period in 2021 was US$21.82 billion, a number that was up over 120,000% from the year prior.

However, the annual peaks in TVL on a 24-hour basis has been in decline since 2021.

The number of unique addresses on the BNB Smart Chain network has been steadily increasing since February 2021.

However, the number of daily active addresses has not continued to increase in a slow and steady fashion.

Instead, there was a steep incline from 28 February 2021 to 28 November 2021 followed by a decrease until 31 August 2022.

Since 31 August 2022, the number of daily active addresses on the BNB Smart Chain has yet to reach new all-time highs.


Binance Coin (BNB) burning

Every quarter since BNB's inception, Binance burns a certain amount of the supply.

The following is a visual representation of the amount of BNB that Binance has burned every quarter since Q3 2017.

When you scroll over each bar, you are presented with a more exact number for how many coins were burned that quarter.

Over 20% of the initial 200,000,000 BNB coins have been burned thus far.


  • In 2022, Binance NFT, a division of the exchange, had 600,000+ weekly users
  • In 2022, the average daily trading volume on Binance was US$65 billion
  • By the end of 2022, Binance had donated US$23 million in 54 countries through Binance Charity, a philanthropic division of the company
  • In 2022, Binance Labs, a division of Binance that invests in entrepreneurs and startups in the crypto space, closed a $500 million investment fund to boost blockchain and Web3 technologies
  • As of 2022, Binance had US$1 billion in assets in its Secure Asset Fund for Users (SAFU), an insurance policy fund for customer assets
  • Binance's CEO Changpeng Zhao's (CZ) net worth fell from US$65 billion in March 2022 to US$4.5 billion in December 2022
  • As of 17 February 2023, Binance Smart Chain supports 542 protocols
  • As of 17 February 2023, Binance Smart Chain's TVL dominance was 10.16%

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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