Sun 23. February 2025 ▪
5
min at reading ▪
The rise of Kryptos exceeds speculation and investment. The specific use of these assets as a means of payment is actually an unprecedented level that transforms the perception of the sector. Binance Pay, Binance Giant, has just recorded a $ 72.4 billion transaction in 2024, a number that shows adoption. This increase in power is explained in particular by an important role of stablecoins and diversification of use in context, where traditional actors seek to follow cadence. While crypto salaries were still marginal a few years ago, Binance Pay is now a key player in this revolution.
A spectacular jump in the volume of transactions on paying binance
The volume of transactions processed by Binance Pay experienced a magnificent expansion and in 2024 increased from $ 2.5 billion in 2021 to 72.4 billion. This exponential growth indicates a massive acceptance of a payment solution and increased users’ regulation in the cryptus regulation.
One of the basic facts of this growth is the domination of stablecoins that represent a stunning majority of transactions. According to Binance data, USDT is largely stored 80 % of the total volume, or exchanged $ 57 billion. Bitcoin follows with $ 6.6 billion, then Ethereum with 2.4 billion and BNB with 2.2 billion. Other stablecoins, such as USDC, experience rapid expansion, with an increase of 1,338 % of the number of transactions and 48 % volume within one year.
This accelerated acceptance is based on several factors: greater trust of traders and consumers, stability of stablecoins in the face of the volatility of traditional cryptos and infrastructure that allows fast and cheap transactions.
Changing ecosystem and global perspectives
The boom in binance Pay is not limited to the platform itself, reflecting a wider transformation of the market crypto. Thus, the total number of Kryptos holders jumped 13 % in 2024 and reached 659 million users worldwide. Bitcoin remains the most popular asset with 337 million holders, which is 51 % of investors crypto.
However, institutional adoption plays a key role in this dynamics. 300,000 to 1.2 million new investors received BTC through cash in the United States, supported by the favorable policy of President Donald Trump. Ethereum also benefits from renewed interest, transmitted by the development of layer 2 and running Ethereum Ethereum in cash, which stimulates the participation of investors.
Nevertheless, the rise of Binance Pay raises questions about the future of the sector. However, regulators could take a closer look at this growth because they would try to supervise these new uses. The development of crypto payments could also weaken certain actors in the traditional banking system, pushing to innovate so that it does not leave. Finally, with a Binance Kryptos, which jumped by 137 %to reach $ 100 billion, the stock exchange continues to strengthen its influence on the entire ecosystem.
The Boom of Binance Pay illustrates the paradigm shift: the crypto is on the way to become a real transaction tool, far beyond simple speculative active. If stablecoins today dominate payments due to their stability, the growth of BTC and ETH transactions indicates the development of user behavior. Several questions remain open in the future: will the regulations slow down this dynamics? Will technological innovations cause even more accessible crypts? One thing is certain, the current dynamics proves that crypt adoption is still accelerating and the salary is a strong symbol.
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Graduate of Science after Toulouse and holder of Blockchain Consultant Certification, published by Alyrou, joined the adventure of Cointtribuni. The general public about this constantly evolving ecosystem. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
