{"id":566687,"date":"2021-05-01T14:20:03","date_gmt":"2021-05-01T11:20:03","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566687"},"modified":"2021-05-01T14:20:03","modified_gmt":"2021-05-01T11:20:03","slug":"total-value-locked-on-the-binance-smart-chain-hits-44-25b","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/total-value-locked-on-the-binance-smart-chain-hits-44-25b\/","title":{"rendered":"Total Value Locked on the Binance Smart Chain Hits $44.25B"},"content":{"rendered":"
The amount of digital assets locked on the various DeFi protocols on the Binance Smart Chain<\/a> (BSC) has hit a staggering $44.250 Billion. In addition, a total of 25.118 million Binance Coin (BNB)<\/a> worth $15.573 Billion is currently locked on BSC. The remarkable growth of the Binance Smart Chain has been visualized by the team at DeFiStation.io as seen in the following screenshot.<\/p>\n <\/a><\/p>\n To note is that the Binance Smart Chain is less than a year old having being launched in September of last year. From the chart above, it can be observed that the Binance Smart Chain had $1.13 Billion in total value locked (TVL) at the beginning of February.<\/p>\n Doing the math, the TVL on the Binance Smart Chain has grown by a factor of 39.16x in a span of 3 months and increasing by roughly $15 Billion every month. Such a trajectory in terms of growth means that the Binance Smart Chain could eclipse Ethereum<\/a> within a few months, in terms of total value locked.<\/p>\n At the time of writing and according to DeFiPulse, a total of $67 Billion is currently locked on Ethereum.<\/p>\nBinance Smart Chain Might Soon Ecplise Ethereum in Total Value Locked<\/h2>\n
PancakeSwap Dominantes with a Total Value Locked of $10.29 Billion<\/h2>\n