BSC TVL Plummets, Exchange-Based Public Chains May Face 'Complete Collapse' in Bear Market

With plummeting coin prices, China's strengthened regulations, and frequent hacker attacks, Binance Smart Chain seems to be experiencing its darkest weeks. Existing users stay on Ethereum, new users move to Polygon, and BSC's total value locked and Pancake trading volume have both dropped significantly. In a bull market, BSC would be the hottest public chain; but if a bear market comes, user loyalty on the BSC chain is too low. Furthermore, if a bear market arrives, what users will care about most on-chain won't be returns, but principal protection.