Can BSC’s Maxwell upgrade challenge Ethereum’s DeFi dominance?

Key Points

1. BSC's Maxwell upgrade has reduced block time from 1.5 seconds to 0.75 seconds, resulting in 115,200 blocks per day, 8x more than Ethereum's projected volume.

2. BSC currently has 2.04 million active addresses, nearly five times more than Ethereum's 411,000, indicating broader user adoption.

3. BSC's DEX volume in 24 hours was $7.38 billion compared to Ethereum's $1.44 billion, suggesting faster block times are driving higher usage.

4. Despite higher transaction throughput, BSC lags behind Ethereum in total value locked (TVL) and protocol revenue, indicating Ethereum's dominance in high-value DeFi.

5. The article suggests that if Ethereum's Glamsterdam upgrade improves block times without compromising decentralization, it could neutralize BSC's speed advantage.