BNB

Tron Network Flips BNB Chain for Top 3 Blockchain in TVL

by BSCN

January 3, 2023

Tron maintains TVL level while small dip from BNB Chain pushed Tron ahead.

Tron Surpasses BNB Chain

Tron Network has surpassed BNB Chain to become the third-largest blockchain outside of Ethereum and Bitcoin.

Tron Network overcame BNB Chain on January 2-3, maintaining a total volume locked (TVL) of $4.15 billion USD. BNB Chain sits just behind at $4.08 billion USD. The difference is marginal but notable. BNB Chain held firm behind Ethereum for almost all of 2022.

BNB Chain has been on a steady decline over the last few months. BNB Chain had over $6B in TVL in November 2022, while Tron Network has hovered between $4B-5B in TVL in the last two months.

Tron Network recently integrated BUSD, the stablecoin of Binance. The pegged version of BUSD has surpassed $101M in TVL just in the past week since integration.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

What is TRON Network:

Tron is an open-source blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Established in 2014 by Justin Sun and founded in 2017 by a Singapore non-profit organization, Tron Foundation aims to host a global entertainment system for the cost-effective sharing of digital content.