DeFi March Review: BSC Capital Concentrates at Heads, Overall Still Has Gaps with Ethereum

On March 25, Pancakeswap's locked value and trading volume surpassed Uniswap, the largest decentralized exchange on Ethereum. High gas fees on Ethereum have caused value spillover from DeFi projects in the ecosystem, while the DeFi development on public chains like BSC and Heco can no longer be ignored. This article will review the progress of DeFi projects in March and compare the current DeFi status across different public chains. Project Updates and Launches Ellipsis is a decentralized exchange that launched on BSC on March 24, focusing on trading between stablecoins and similar assets.