BNB Chain Surpasses Solana in DeFi TVL, CZ Sees 'Long Way' to Top Spot

BNB Chain has made significant strides in the DeFi ecosystem, surpassing Solana in DeFi TVL and drawing attention from Binance's founder Changpeng Zhao.

A recent on-chain data snapshot taken on September 14 revealed that BNB Chain recorded $5.94 billion in DeFi TVL, narrowly passing Solana with $5.89 billion locked in its DeFi market.

This positions BNB Chain as the second-largest blockchain by DeFi TVL, just behind Ethereum's dominant lead of around $49.95 billion.

CZ acknowledged BNB Chain's progress but jokingly referred to the prospect of flipping Ethereum as a 'long way' off, emphasizing that rankings should not be viewed as a competition, but rather as a driver for continued development in the BNB Chain ecosystem.