BNB Chain Dominates DeFi with $5.57 Million Network Fees, Outperforming Ethereum and Tron

Binance Smart Chain (BSC) has once again clinched the top spot for blockchain networks in terms of daily network fees, raking in a remarkable $5.57 million. According to DeFiLlama data released on October 8th, this substantial figure marks a clear dominance over its competitors such as Tron ($1.46 million) and Ethereum ($1.2 million). Experts attribute this impressive surge to the rapid growth of decentralized finance (DeFi), along with gaming and memecoin trading activities. The rise in user activity on BSC has driven its position as the most active blockchain globally, showcasing its substantial potential for continued expansion.