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.
More info:-
Can Polkadot be the Future of DeFi?
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