another angle of numbers for the first week of August:
@BNBCHAIN did $11.28b in dex volume over the last 7 days.
more than any other chain, up 21% week over week.
Solana did $10.41b.
Ethereum $5.77b.
Tron $196m.
now look at the liquidity sitting behind those numbers.
BNB Chain, Tron and Solana all hold around $4.9b in defi tvl.
Ethereum holds $41.03b.
BNB Chain recycles (2.31x its entire tvl every week.
Solana 2.17x.
Ethereum 0.14x.
Tron 0.04x.
three chains, same liquidity base, swap volumes 57x apart from top to bottom.
Tron is more a stablecoin rail, not a swap venue, so its number reads low by design. fair to notice it.
the ranking everyone watches is tvl.
the one that shows what a chain actually does is velocity.
🥇: 🔶👷🏽♂️