COINOTAG reported significant developments in the decentralized finance (DeFi) sector as of May 18. The latest data from DeFiLlama shows a remarkable increase in trading activity within the Binance Smart Chain (BSC) ecosystem. In the past 24 hours, the trading volume of decentralized exchanges (DEX) based on BSC has exceeded $44.13 billion, far surpassing the total trading volumes of Solana ($27.69 billion) and Ethereum ($13.92 billion). This significant growth positions BSC as a leading platform for decentralized trading, showcasing its strong adoption and liquidity compared to other blockchain networks. These figures highlight the increasing importance of BSC in the DeFi space, a trend that may attract more investment and innovation into this vibrant sector.
