Can Polkadot be the Future of DeFi?

[Cristiano]

2020 has been an unprecedented year in many ways but it also emerged as a breakthrough year for the DeFi industry. Several ambitious DeFi projects popped up out of the blue during this year. Also, an emerging blockchain Polkadot has grabbed the attention of the entire crypto industry during this period. With a remarkable surge in the DeFi sector, comparisons and anticipations among the new promising platforms such as Polkadot and the established player Ethereum are doing rounds.

While Ethereum is a highly popular and established platform among developers and users, the sudden surge in DeFi applications (dApps) on the blockchain, strained its capacity. Resultantly the slowdown in transaction speed and increase in fees pushed it out of reach for the common users in recent times.

Polkadot is trying to trap this space by positioning itself as an interoperable blockchain platform with its versatility and programmability. It has been resolving the challenges of the developers and common users offering them viable yet promising solutions with a new array of services and opportunities.

Speculations are now heating up if Polkadot can grab the market share of Ethereum or not? Let’s explore the possibility.

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[Kitaiev]

Polkadot has a very good team. They will certainly take a decent chunk of the market away from Ethereum.
It will benefit everyone from a distance because the market is still very small and there is enough space for everyone.

[Criminal]

This is because most of Defy's projects that have come to market are in a fairly good position. But of all the projects, I think this one is one of the best Project. Because the value of this polka dots token is increasing day by day. Many people depend on the nature of this polka dot for the future. So as to make good profit from this token in future. With you I agree.