DeFi Market Share & Competition - Uniswap's TVL on BNB Chain is only 2.18% of its total TVL [1] - Aave's TVL on BNB Chain is just 1% of its total TVL [1] - Pancakeswap and Venus dominate on the BNB Chain due to first-mover advantage and potential business relationships with Binance [1] Fluid's Strategy & Performance - Fluid offers joint ventures with a 50:50 revenue share instead of direct competition [1] - Fluid's JV with Jup on Solana reached $1.3 billion in TVL, which is 50% of Kamino's TVL [2] - Fluid is offering a similar joint venture to Venus [2] - Fluid provides technical innovation in capital efficiency, while the partner contributes branding and market entry expertise [2]