Run, blockchain, run! DeFi adoption needs faster block times

[Rain075]

Low-cost, low-latency and highly scalable blockchain infrastructure — that is what will lead crypto and DeFi to real mass adoption. Global companies are implementing distributed ledger technologies in an attempt to gain efficiencies in areas such as global payments and supply chain transparency. Blockchain tech can replace slow, paper-based processes, as well as improve security.

However, many of the platforms in use today suffer from poor design. Networks become clogged with traffic too easily, resulting in latency issues and, ultimately, a sub-par user experience. Source

[Tnoy30]

Blockchain technology has gained worldwide popularity. However, DeFi popularity has spread the most. Decentralized financial services are now popular all over the world. So investment and trade have increased. The defi strategy is to make the services more popular all over the world.

[Bitstar_coin]

Don't forget lack of adequate security especially with defi platform, if we want to see mass adoption then the defi platform need to put security at top priority,  this constant hacking is not giving investors full confidence to duel on this space, it is too vulnerable for any serious involvement and that is a drawback.

[Criminal]

Brother, you are right. Currently, cryptocurrency is in a much better position. With the change of time, people are getting more attracted to the currency. Hopefully its popularity will increase soon.

[MrSpasybo]

Perhaps the network problem is only true for Ethereum when growth in number of projects & users in DeFi sector is too fast and bigger than growth of platform. The 15tps speed issue has been around since 2017 but until the end of 2020 ETH2.0 update is released and stage 0 is complete.
Other blockchains such as Cardano, TRON, Polkadot, WAVES, EOS... have enough capacity to support community, but very few DeFi projects exploit these blockchains because they still want to reach users belonging to Ethereum community.
The development of ETH2.0 as well as Polkadot will make it possible for all separate communities to interact with each other easily, the issue of transaction speed and cost will be resolved soon.

[EAA-ALLAH]

The main Problems that Ethereum plafrorms Ethereum network fees which victims people. I don't trade any Ethereum plafrorms assets due to high exessive Ethereum network fees. Ethereum 2.0 launched but no change in Ethereum network fees.

[hushpupppy]

I think DeFi has all the attention and adoption it deserves; there are several defi platforms already; several defi dexes too. From bakery to pancakeswap and likewise juld and wsote finance. What we need is more quality and strong defi platforms like Pancakeswap

[AlviNess]

Yes bro you are absolutely right. I agree with you. Now the of cryptocurrency. All cryptocurrency coin now run faster. This is very good opportunity for every crypto coins to increase their prices. So you are absolutely right that DeFi adoption needs faster block time's.