BNB
by BSCN
January 3, 2023
Tron maintains TVL level while small dip from BNB Chain pushed Tron ahead.
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.
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.
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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.
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