Yield Farming on BSC: Hot or not? What's the long term outlook?

Hey guys,

So in the midst of the markets downturn I've been observing the yield across DeFi protocols sliding as demand weakens across the market for digital assets. I feel like I hear a lot of things about how DeFi will bring crypto into the mainstream, but there's inevitably a long way to go till it has really matured for that stage.

I wanted to get people's thoughts on BSC and DeFi on the network. Obviously it has the backing of Binance & the advantage of being more user friendly due to its low gas costs (as well as being easy to develop on as an EVM compatible chain). Do people see it as a serious player in the DeFi landscape long-term? Personally I see a multi-chain future ahead, but I feel like a lot of people have this 'one or none' prediction in which one network will eventually reign supreme over all others.

And to that point more specifically if BSC does exist in a multi-chain future, what of the current DeFi protocols? I feel like the space desperately needed a cleansing of countless forks, but are those currently at the top of the tree (PCS, Beefy, Autofarm, Bunny etc) likely to stay there, or will they eventually be overtaken by newer innovations, whether they're yet to be launched or still unknown to the broader community?

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What's everyone's opinion? Does Ethereum charge forward and take over (or maybe another chain)? Is there room for multiple networks? What of the DeFi (and more specifically yield farming) space on BSC?