$BNB Chain has moved ahead of Solana in decentralized finance rankings, with its DeFi total value locked reaching around $5.94 billion as of September 14.
Solana's TVL stood near $5.89 billion, placing BNB Chain in second position. $ETH still has a huge lead with around $49.95 billion in TVL. Base and Tron trailed them with about $5.63 billion and $5.47 billion respectively.
This trend reveals a rise in the DeFi BNB Chain sector but the tiny gap from Solana means the positions might be swapped again with the evolution of markets and change in conditions.
Truth is BNB Chain has gone up to the second position means there has been a significant shift in the present DeFi industry, but it sure doesn't mean that Ethereum's dominant position is immediately under threat.
$BNB
#bnb
Solana's TVL stood near $5.89 billion, placing BNB Chain in second position. $ETH still has a huge lead with around $49.95 billion in TVL. Base and Tron trailed them with about $5.63 billion and $5.47 billion respectively.
This trend reveals a rise in the DeFi BNB Chain sector but the tiny gap from Solana means the positions might be swapped again with the evolution of markets and change in conditions.
Truth is BNB Chain has gone up to the second position means there has been a significant shift in the present DeFi industry, but it sure doesn't mean that Ethereum's dominant position is immediately under threat.
$BNB
#bnb