A striking show of growth and dominance was exhibited by Binance Wallet, which hit a major milestone on March 18. In one day, its trading volume reached $90.556 million. That was 54.1% of the total volume in the crypto wallet sector on that day. Binance Wallet, in a very short time, increased its market share to become the most dominant player in the DeFi space. OKX announced on March 17 that it would suspend its DEX aggregator service. Since then, users have been trading on alternative platforms— like Binance Wallets. Binance Wallet’s surge in activity must also be viewed against
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