Binance released its latest Proof of Reserves report, confirming overcollateralization for Shiba Inu (SHIB), XRP, Solana (SOL), and other major cryptocurrencies. For SHIB, user holdings totaled 54.83 trillion tokens while Binance held 55.29 trillion (100.84% reserve ratio), including 55.28 trillion on-platform and 1.55 trillion in third-party custody. XRP showed 2.28 billion user assets versus 2.31 billion reserves (101.22% ratio), with 2.26 billion on-exchange.
SOL maintained a 103.13% reserve ratio with 31.06 million user coins against 32.04 million available. Bitcoin reserves decreased 3.27% to 573,000 BTC but remained overcollateralized at 102.51%. Ethereum holdings fell 5.34% to 5.051 million ETH with exact 100% backing, while USDT reserves rose 2.64% to 29.59 billion tokens (101.11% ratio). BNB recorded a 111.79% reserve ratio despite a 0.54% drop in user assets to 39.64 million.
The exchange employs Merkle Trees and zk-SNARKs for verification, allowing users to validate inclusion of their balances via Merkle Leaves. Monthly PoR reports, adopted industry-wide post-FTX collapse, aim to enhance transparency for 36+ supported assets including PEPE and FDUSD.