Fantom’s Total Value Locked has pushed Binance Smart Chain out of third place. Meanwhile, the Ethereum blockchain continues to lose shares in the DeFi market.
The Fantom blockchain has ousted Binance Smart Chain (BSC) as the third largest DeFi protocol by Total Value Locked, data from Defillama shows.
Fantom's TVL is over $12 billion, while Binance Smart Chain's is just under.
Since the beginning of January, Fantom's TVL has increased by around 150 percent.
Ethereum's Total Value Locked is down 23 percent over the same period.
Just a year ago, Ethereum had a 94 percent share of the DeFi market based on TVL. This value has dropped significantly to currently 58 percent.
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