Binance has established a commanding lead in new token trading volumes in 2025, processing a cumulative $133 billion in spot trades so far this year.
The exchange continues to dominate liquidity for fresh listings, with daily volumes peaking at $1.1 billion over the past month, according to CryptoQuant.
As of August 13, Binance accounted for 34% of total spot trading volumes in newly listed tokens, recording $369 million that day. The platform hit its yearly peak on July 10, when it controlled 54% of market activity, equivalent to $948 million in daily trades.
CryptoQuant:
In 2025, HTX’s new token trading volume ranks second in the industry, just behind Binance.Thank you all for supporting HTX’s newlisting!
We’ll continue to carefully select potential projects and enhance user experience.
Keep building!https://t.co/5DoMxUzo3i
— 火币HTX六爷 (@HTX_Molly) August 19, 2025
Rival exchanges tried significantly but remain competitive. HTX has processed $38 billion in new token volumes year-to-date, followed closely by Bybit with $35 billion and MEXC with $34 billion. These exchanges collectively capture a sizeable share of daily trading, with peak activity reaching $392 million on MEXC, $292 million on HTX, and $243 million on Bybit.
Market-wide, daily trading volumes for newly listed tokens have swung between $400 million and $1.6 billion in recent weeks, fueled by expectations of a new altcoin cycle. Exchanges with high listing activity between 19 and 31 new tokens each this year formed the basis of the analysis. Among the most actively traded assets are BIO, AIXBT, CGPT, COOKIE, SOLV, TRUMP, BERA, and ONDO, alongside niche tokens such as BROCCOLI714, BANANAS31, and MUBARAK.
Binance’s consistency highlights its role as the primary launch venue for token issuers seeking liquidity and exposure. The gap between Binance and its competitors underscores the concentration of market activity, even as rivals expand their listings and trading depth to capture share.
Meanwhile, Binance Academy deepened its footprint in Pakistan through a strategic partnership with the Ministry of IT and Telecom (MoITT), launching a nationwide blockchain education initiative. The program, set to run through 2026, targets integration across 20 universities and aims to train 300 educators to deliver blockchain-focused curricula to over 80,000 students.
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