TRON has emerged as the second largest DeFi chain in terms of total value locked once again after surpassing Binance Smart Chain (BSC).
The TRON-Foundation-backed ecosystem recorded a meteoric rise in January to displace BSC for the first time this year.
Close Competition Between TRON and BSC
2023 has been a close call when it comes to the total value locked in the two chains. Defillama recorded that TRON dominates 10.8% of the $50 billion DeFi universe at press time. BSC is a close third at 9.8% with $4.81 billion.
Source: https://beincrypto.com/binance-smart-chain-bsc-drops-24-month-low-tron-retakes-second/