Over the past week, on-chain activity on BNB Chain has decreased by 37%, and DApp transaction volume has dropped by 25%. Poorly performing platforms include PancakeSwap (down 25%) and Uniswap (down 22%). In contrast, according to data from DefiLlama, Ethereum DApp transaction volume fell by 9% over the same period, while Solana's on-chain activity decreased by 15%.
Currently, BNB Chain's TVL is at 8.1 million BNB, not much different from two months ago. However, as of the week ending October 7th, its network fees have fallen to their lowest level in more than four years with a total fee of 1,880 BNB during this period - a decrease of 56% compared to the previous week.
Meanwhile, Ethereum's TVL stands at19.2 million ETH which is flat compared to two months ago; Solana’s TVL rose to40.9 million SOL - its highest level in two years - having grown by26% over the past two months.(Cointelegraph)