According to CoinMeta, Joao Wedson indicates that Binance currently still accounts for 24% of the total open contracts in the entire crypto market. This means that the leverage in the market is mainly concentrated in the top three exchanges: Binance accounts for 24.08%, Bybit accounts for 13.90%, and Gate accounts for 11.09%. These three exchanges together account for nearly 50% of the total open contracts in the market. The concentration of leverage is still very high.