Binance Smart Chain overtook the Ethereum network in terms of transaction volume and unique active wallets in February 2021. This month was a very successful month for the cryptocurrency industry. Bitcoin and Ethereum reached price records. DeFi saw a very large increase in popularity and market value. The NFT market also benefited a lot from last month's boom.

Now we can all see that using DeFi projects, among others, is more profitable for BSC. Many times cheaper transaction fees make investments more affordable for more users. Nobody wants to pay $100 for a couple of operations in Ethereum. Especially when such an amount is often the initial investment of cryptocurrency novices. Such people will immediately switch to Binance Smart Chain. I must also include here a tip for beginners. Due to the huge growth of Binance Smart Chain, there have been many projects that are exit scams and so-called rug pulls. I highly encourage you to read the project information twice before you decide to invest.

Below I present a chart of unique active portfolios in each network. As you can see, BSC chased and overtook Ethereum very quickly.

Here, however, is a chart of transaction volume. Here similarly, the Binance Smart Chain made a huge jump and overtook Ethereum.

I will point out here that the TVL guru is still holding Ethereum above $40 billion. At the end of February, TVL for the Binance Smart Chain was around $9.5 billion.

The data is startling. Let's hope the growth continues and the new networks are more successful.