Binance leads 24-hour CEX net inflows; Gate reported second at $34.47 million

DeFiLlama-based reports showed Binance attracting $182 million in 24-hour net inflows, while a PANews Aug. 6 update said Gate ranked second globally ahead of Bitget and Gemini on the cited snapshot.

GT

Summary

Binance recorded the largest 24-hour net inflow among centralized exchanges at $182 million, according to DeFiLlama data cited in the older report. A newer PANews report on Aug. 6, also citing DeFiLlama, said Gate posted more than $34.47 million in net inflows and ranked alongside Binance as the top two CEXs globally over 24 hours. The earlier ranking listed Bitget second at $29.6 million and Gemini third at $11.7 million, indicating the reports reflected different published snapshots of exchange flow data.

Terms & Concepts
  • Net inflows: The difference between assets entering and leaving an exchange over a set period, used as a short-term indicator of where trading capital is moving.
  • CEX: A centralized exchange, meaning a crypto trading platform operated by a company rather than a decentralized protocol.
  • DeFiLlama: A crypto data tracker that monitors exchange flows and decentralized finance activity.