Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: ramarajs14 on July 15, 2021, 12:09:29 PM
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Ethereum’s DeFi space now hosts over 3 million unique addresses.
DeFi adoption is booming despite the crypto crash.
Some protocols choose to launch on other platforms instead of Ethereum for sustainability.
Source: Ethereum’s DeFi Space Booms With Over 3M Users (https://coinquora.com/ethereums-defi-space-booms-with-over-3m-users/)
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This can be surprising to many of us because we are assuming that with the ongoing chaos in the cryptocurrency marketplace, people will not anymore be shelling out their funds to support DeFi platforms but we are wrong...though we understand that the revenues may not be the same as before. This confirms that if we can provide the people with something they can trust, they are so willing to face the risks involved in return for some possible rewards.
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Ethereum's DeFi is the next big thing aside from the being popular platform ERC-20 that has been exploited by some ICO trend way back a few years ago.
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Ethereum's DeFi is the next big thing aside from the being popular platform ERC-20 that has been exploited by some ICO trend way back a few years ago.
Yes, you are correct. The boom of DeFi and even NFT now is benefitting the Ethereum network, though with its ongoing high tx fees, many also transferred to the Binance Smart Chain platform. Can you just imagine how big its share of the market if there is no hindrance? That would have been so huge. nevertheless, Ethereum remains the biggest leader when it comes to the DeFi movement.
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Ethereum’s DeFi space now hosts over 3 million unique addresses.
DeFi adoption is booming despite the crypto crash.
Some protocols choose to launch on other platforms instead of Ethereum for sustainability.
Source: Ethereum’s DeFi Space Booms With Over 3M Users (https://coinquora.com/ethereums-defi-space-booms-with-over-3m-users/)
Recently, the transaction fees on the ethereum network have generally returned to normal, so new projects have already begun to appear on the platform of this coin. I think the situation will only get better over time for ethereum. As the improvements are successful, ethereum will again become the leader in the number of new projects on its platform, there is no doubt about that.
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Recently, the transaction fees on the ethereum network have generally returned to normal, so new projects have already begun to appear on the platform of this coin. I think the situation will only get better over time for ethereum. As the improvements are successful, ethereum will again become the leader in the number of new projects on its platform, there is no doubt about that.
Though london hardfork still has enough time to be implemented, but happy to see lower gas price into ethereum blockchain. Also, defi projects was launched on multichain including ethereum, but lower gas fee might boost up the defi community and many users will again start using ethereum based defi projects again and mass adoption will be done. As a result, userbase as well as volumes on defi space will surge again. ;D