Low market share of AAVE on the BSC network

After a year and a half since AAVE was deployed on the BSC network, it has not managed to stand out on the network. AAVE currently has $60M in TVL, while the largest protocol has $1.6B. What are the reasons why it has not been able to capture more TVL? I think it’s important to understand why this is happening to avoid it in future deployments on other networks.

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After a year and a half since AAVE was deployed on the BSC network

not that it matters much but as a slight correction, is less than a year actually Aave Governance - Proposal 6


That said, what was a big driver of aave on other networks for the last year were LSTs and eventually no LST was ever listed on BNB.
I assume that might change with: [ARFC] Onboard wstETH to Aave V3 on BNB Chain - #9 by ACI and potentially others (iirc there are 1-2 BNB LSTs being proposed). Still for aave it always seems rather hard to penetrate a network with active aave forks as they usually slap some questionable tokenomics on top to boost liquidity till they explode - on BNB there are at least two non-friendly aave forks active.

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You are right… my bad.

Thanks for the clarification.

I need help sending my assets to acct :pray: help me

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Hi @mightyflip15 , welcome. This Forum isn’t a help outlet. Please reach out to aave assistant on discord for step to step guide on how to send your asset.

Hello @mightyflip15 so are you able to get this issue solve yet

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