PANews reported on August 18th that according to CryptoQuant data, Binance will lead new token spot trading volume in 2025, reaching $133 billion in cumulative trading volume and a 34% market share. Over the past month, its daily new token trading volume has reached $1.1 billion, peaking on July 10th, accounting for 54% of the market share. HTX, Bybit, and MEXC followed closely behind, recording $38 billion, $35 billion, and $34 billion in trading volume, respectively. This data includes exchanges that have listed between 19 and 31 new tokens this year, with popular tokens including BIO, AIXBT, and CGPT.