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BNB Chain narrowly overtakes Solana in DeFi total value locked, intensifying the race for second place behind Ethereum.

Protocol Fundamentals
14 Sep 2026
Crypto Briefing
View Source
Bullish
BNB Chain narrowly overtakes Solana in DeFi total value locked, intensifying the race for second place behind Ethereum.

BNB Chain has surpassed Solana in decentralized finance (DeFi) total value locked (TVL), reclaiming the second spot behind Ethereum by a slim margin of about $48 million. Both blockchains are closely competing within the $5-6 billion TVL range, with daily fluctuations influenced by token prices and capital movement. BNB Chain's growth is driven by significant additions in real-world asset tokenization and strong support from PancakeSwap, its leading decentralized exchange. Meanwhile, Solana remains strong in trading volume and application revenue, maintaining its appeal for high-frequency trading. The tight competition suggests the second-place ranking could change frequently as both chains expand their DeFi ecosystems.

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