Many crypto projects choose to lock a portion of their tokens for strategic reasons, such as to incentivize long-term commitment from team members, investors, or the community. These tokens are held in locked addresses and remain inaccessible until a predetermined “vesting” period ends.
Binance’s new Locked Addresses feature makes these important supply details visible directly within the Binance platform. Users can now verify whether a portion of a project’s token supply is indeed locked, track how much is involved, and factor that into their trading decisions.
This visibility is critical. A project’s circulating supply is one of the most fundamental inputs into understanding price dynamics. By surfacing locked address information, we allow users to separate circulating tokens from those that are inaccessible, helping avoid misinterpretations of market cap or liquidity.
Users can find this information by heading to a token’s Info tab and hovering over Circulating Supply. From there, you can examine how locked addresses relate to overall token distribution. It’s a simple tool with powerful implications: better data for users, greater accountability for projects, and a more transparent market overall.
Platform Concentration Indicator: A Signal for Volatility Risk
Another question traders often ask is (or definitely should be asking): How concentrated is this token? If a few holders control most of the supply, the risk of sudden price moves can be much higher. But until now, there hasn’t been an easy way to gauge that concentration in one place.
With Binance new Platform Concentration Indicator, users get a snapshot of how widely distributed the ownership of a token is, based on a weighted average formula that focuses on concentration within the Binance platform. We blend and normalize these inputs into a 0–100 score. A relatively higher score (35 and above) means greater concentration, suggesting that a small number of holders may have outsized influence on the token’s price, while a relatively lower score (below 20) indicates broader distribution and, potentially, lower volatility risk. The range between 20 and 35 can be considered medium concentration.
The Platform Concentration Indicator measures the degree of market concentration by evaluating two key factors: the distribution of Binance user holdings and Binance’s share of the token’s circulating supply. When a small number of users hold a relatively large portion of the total holdings, and/or when Binance’s total holdings represent a significant share of the token’s circulating supply, the Platform Concentration Indicator will be high. Both components are normalized to a common scale and combined with different weights to produce a final score that reflects the concentration level within the Binance platform.
Users can view the score and rely on it as one of several factors in making their investment decisions. It’s not about predicting the future, but rather about giving users a better sense of the landscape they’re navigating.
A Broader Commitment to Transparency
These new features aren’t isolated updates. They’re part of a multi-phase effort to raise the bar for token transparency across the industry. Since 2024, Binance has been steadily adding tools that give users deeper insights without requiring them to leave the platform.
Here’s what we’ve introduced so far:
- Token Unlock and Vesting Schedules (September 2024): We integrated data from CoinMarketCap to let users view upcoming token unlocks and vesting timelines directly on Binance.
- Token Methodology Update (February 2025): We revamped how we calculate and display market cap and circulating supply, factoring in unlock schedules for greater accuracy.
- Financial Reports (April 2025): We began linking to projects’ financial reports right on their token information pages, giving users an even more complete picture.
Final Thoughts
As crypto grows more sophisticated, so must the tools that users rely on to engage with it. At Binance, we believe transparent tokenomics is key to building trust, encouraging healthy market behavior, and reducing the risk of misinformation or manipulation.
Yi He, Binance co-founder, put it simply: “We’ve heard clearly from the community that users want more transparency and tools to better understand the tokens they are trading. Binance is not just making more token information available, we are setting new standards in increasing market transparency.”
The goal is not just to inform, but to educate and empower. The more users know about how a token works – who holds it, when it unlocks, how it circulates – the better decisions they can make. And the more projects know that transparency is expected, the better our whole ecosystem becomes.
Binance is proud to lead on this front and welcomes feedback from our users as the brand continues to improve.
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