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BNB Chain Surpasses Solana in DeFi TVL, But Ethereum Remains the Dominant Force

Guavy AI Editorial Team
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ETH BNB SOL STRD
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BNB Chain has made significant strides in its DeFi ecosystem, surpassing Solana in key metrics and reaching a record-breaking $5.94 billion in DeFi TVL as of September 14.

This achievement positions BNB Chain as the second-largest blockchain by DeFi TVL, narrowly surpassing Solana's $5.89 billion locked in its DeFi market.

Despite this impressive outperformance against Solana, BNB Chain still lags behind Ethereum, which maintains a substantial lead with over $49.95 billion in DeFi TVL.

Binance's CEO, Changpeng Zhao, has acknowledged the milestone and downplayed the competition between the two blockchains, stating that it is 'a long road' to flip Ethereum.

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