BNB Chain Solidifies its DeFi Market Share

November 23, 2022, 1:45PM EST

• 6 min read

Quick Take

The BNB Chain ecosystem has gained outsized attention in recent weeks after what started as a public dispute between the founders of Binance and FTX eventually spiraled into FTX’s collapse just a few days later
Growing concerns about stablecoin volatility in the wake of the FTX crisis have become visible on BNB Chain, which hosts a significant amount of stablecoin liquidity and trading activity for the broader DeFi ecosystem
In spite of a general drawdown in TVL among L1s, the BNB Chain ecosystem has remained notably resilient during this recent period of heightened market volatility

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Source: https://www.theblockresearch.com/layer-by-layer-bnb-chain-solidifies-its-defi-market-share-189355?utm_source=rss&utm_medium=rss