Binance Smart Chain's DeFi ecosystem is on the rise, with over $1.5 billion in total value locked. The platform's low fees and fast transaction times have made it an attractive alternative to Ethereum, with yield farming and lending protocols like PancakeSwap and Venus leading the charge.

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The Binance Smart Chain's low fees and fast transaction times have definitely contributed to its growth as a DeFi hub. PancakeSwap and Venus are great examples of innovative protocols that are driving adoption.