Data from DeFiLlama reveals distinctive patterns in net capital inflows among centralized exchanges (CEXs) across three time horizons. Short-term (24h), mid-term (7d), and long-term (30d) rankings each show different leaders, reflecting varying user preferences and competitive dynamics.
Top 3 by 24-Hour Net Inflows
Over the past 24 hours, Bybit leads with $25.48 million in net inflows, followed by Bitfinex at $19.63 million and Bitget at $17.12 million. The combined inflows of the top three total approximately $62.23 million. Bybit's strength in derivatives trading likely contributes to this short-term capital attraction.
Top 3 by 7-Day Net Inflows
Extending to the 7-day window, Bitget dominates with $743 million in net inflows, nearly 30 times its 24-hour figure. OKX ranks second with $312 million, and Bitfinex third with $81.46 million. Bitget's massive 7-day inflow suggests sustained capital accumulation, possibly from large deposits or structured products, signaling strong user confidence or promotional activities.
Top 3 by 30-Day Net Inflows
Over the 30-day period, Bitfinex leads with $472 million, followed by Bitget at $397 million and Gate at $253 million. Bitfinex's consistent presence in both 7-day and 30-day rankings indicates stable long-term capital retention. Bitget's second-place finish in the 30-day window reinforces its mid-term momentum, while Gate's emergence highlights its growing appeal among certain user segments.
Data Source and Implications
All data is sourced from DeFiLlama's CEX capital flow dashboard (defillama.com/cexs). Net inflow metrics reflect the difference between user deposits and withdrawals, serving as a proxy for exchange activity, product competitiveness, and market trust. Short-term (24h) figures can be volatile due to specific events, while medium-term (7d/30d) data better captures underlying trends. Current observations show Bitget excelling in the mid-term, Bitfinex maintaining long-term draw, and Bybit leading short-term but with less persistence. Investors should cross-reference these figures with on-chain data and trading volume for a fuller picture.