I'd like to know your opinion on this:
- Do you think the DeFi trend on Ethereum will soon explode?
- Are you investing in any LSD & LRD tokens?
- Besides DeFi, what trends do you think will be pumped in the near future thanks to the huge amount of stablecoins on Ethereum?
I'd like to know your opinion on this:
- Do you think the DeFi trend on Ethereum will soon explode?
1. I'm not sure how the stablecoins transferred to Ethereum will be utilized. Perhaps DeFi is the main direction and requires the most stablecoins, and will be able to take advantage of huge inflows.
- Do you think the DeFi trend on Ethereum will soon explode?
- Are you investing in any LSD & LRD tokens?
- Besides DeFi, what trends do you think will be pumped in the near future thanks to the huge amount of stablecoins on Ethereum?
I'll only answer that one for nowI also see the rise of Sol and Eth L2s, but the fact is that ETH still attracts investors' attention with the goal of seeking profits. Saving transaction fees is part of investing, it's not the most important goal.
The last big ETH trend was with EigenLayer in my opinion it's still happening, but I don't believe in anything else in the short term
ETH's high fees, even with several upgrades, is still a big barrier to entry for users
Many have migrated to SOL and especially to L2s
There are a lot of people chasing airdrops on ETH's L2s, and the money has migrated there
I'll only answer that one for nowI also see the rise of Sol and Eth L2s, but the fact is that ETH still attracts investors' attention with the goal of seeking profits. Saving transaction fees is part of investing, it's not the most important goal.
The last big ETH trend was with EigenLayer in my opinion it's still happening, but I don't believe in anything else in the short term
ETH's high fees, even with several upgrades, is still a big barrier to entry for users
Many have migrated to SOL and especially to L2s
There are a lot of people chasing airdrops on ETH's L2s, and the money has migrated there
I believe that as long as ETH demonstrates its ability to generate profits and the Eth ecosystem has the best projects with the best price performance, investors will still seek it out. Gas fees on Eth have always been very expensive in every uptrend, but we still see investors willing to pay a 100 USD gas fee for a transaction as a normal thing in 2021 :)
The ETH network will probably continue for a long time as the most secure network, the first altcoin on the marketcap and the basis for many other projectsAs I've mentioned, we've been through a period where transaction fees on Ethereum were incredibly high, reaching up to 100 USD, yet many users were still willing to pay those fees to use the network and seek out profit opportunities. Eth's popularity, reputation, and high liquidity truly set it apart from other platforms.
But I see some changes in this cycle, and something need to change about the fees
I use a lot of DeFi protocols, and I only do 1 tx maximum each month on ETH's network, because the high fees
Only thinking about investment, like buy and sell in exchanges or via ETFs, you'll not have to worry about the fees, but in general, for daily use, it's a pain to spend more than 1 USD in a simples tx or 5 USD in a contract
As I've mentioned, we've been through a period where transaction fees on Ethereum were incredibly high, reaching up to 100 USD, yet many users were still willing to pay those fees to use the network and seek out profit opportunities. Eth's popularity, reputation, and high liquidity truly set it apart from other platforms.
This gives me strong confidence in Eth's long-term existence and success, especially with the growth of DeFi TVL on Eth this season. Eth L2s may develop significantly, but they still depend on Eth's future. Sol is very popular, but it's only considered in the competition with Bnb and Xrp :)
Do you know why meme coins are so easy to built on Solana chain? That's because of the transaction fees, urs cheap and faster than ethereum. If assuming Ethereum chain is that faster like Solana, the excitement Solana is having right now would have been on ethereum but the fees are crazy and nobody want to go back to old tech.I agree that the memecoins trend might not return to Eth in this uptrend, but that doesn't hinder Eth's success. DeFi, RWA, and NFTs will still be the key segments driving Eth's price increase as investors continue to trust this blockchain. The enormous liquidity of this ecosystem ensures that large investors can easily liquidate their Eth investments when needed.
Regardless, Ethereum is still good but the fees are killing that's why you see that it can't perform very well without layer2, you can see plenty of layer2 on ethereum but you wouldn't find one in solana because it's ready fast enough.
I've always transferred TRC20-USDT between CEXs to save fees even though I don't like Tron at all. I don't even use any Dapps on Tron and don't know of any projects in this ecosystem. Honestly, I don't like the fact that Tether creates so much USDT on Tron.It seems that this situation is starting to change now
It seems that this situation is starting to change nowWe have a topic about USDT transfer fees on different blockchains for your reference.
Here is a screenshot taken today of some USDT fees on major networks, you can see that Tron fees are the highest, I think for the first time it is surpassing Ethereum fees
Currently the fees are around $5.7 while I saw a transaction this morning with a fee of $10, this is much more than Ethereum fees so I think this is the end of USDT on Tron.
If they don't manage to fix the fees issues, which is pretty hard to do unless you manage to move everything to L2, then defi directly on the ETH mainchain won't happen. people will not even now spend a few $ on simple USDT transfers, that's why they use tron, but a few tens of thousands doing smart contracts on ETH on top of these will again make the fees skyrocket and crash the volume.I don't think high transaction fees will be able to hinder the explosion of DeFi on Eth, as LSD and LRD have been very successful, or DeFi 2021 was still a driving force for ETH's price increase. Although not really faster and cheaper than other blockchains in the market, Eth has the largest TVL, sufficient decentralization, and security for large financial institutions to trust and tokenize.
I think sold has managed to claim the token crown, tron the cheap usdt transfers, ETH will have to stick to what it did best, being that stable second coin with a lot of legacy layers on it!
I've always transferred TRC20-USDT between CEXs to save fees even though I don't like Tron at all. I don't even use any Dapps on Tron and don't know of any projects in this ecosystem. Honestly, I don't like the fact that Tether creates so much USDT on Tron.This is a sign of big investments will be made in Ethereum and whales will either sell or buy more of the ETH network based tokens. Defi has already a trend and on Eth it will explode I am not investing in any of the tokens right now but in my opinion from LRD few coins have already pumped like Pendle and Altlayer etc,
Everything seems to have changed when the USDT supply on Ethereum surpassed the USDT supply on Tron, or 60.3B ERC20 USDT exceeded 58.1B TRC20 USDT [1]. This is due to many reasons, for example, Tether withdrawing USDT from weak ecosystems like Algorand and Eos to Ethereum [2], but this could accompany some trend that we are not yet aware of.
This is a sign of big investments will be made in Ethereum and whales will either sell or buy more of the ETH network based tokens. Defi has already a trend and on Eth it will explode I am not investing in any of the tokens right now but in my opinion from LRD few coins have already pumped like Pendle and Altlayer etc,+
LSD tokens are still under value and they can outperform once they saw big volume in them. Besides Defi AI and memecoins will pump in the near future now we also have depin projects too. DIversifying to increase the profit is better here.
This is a sign of big investments will be made in Ethereum and whales will either sell or buy more of the ETH network based tokens. Defi has already a trend and on Eth it will explode I am not investing in any of the tokens right now but in my opinion from LRD few coins have already pumped like Pendle and Altlayer etc,There is more interest in Ethereum now which means people might invest a lot of money in it soon. This could lead to big investors buying or selling more tokens based on Ethereum. DeFi is already becoming more popular and it is expected to grow even faster on Ethereum network. I am also not investing in any tokens right now but I think some LSD tokens are worth less than they should be and could do better when more people start buying them. And DeFi AI and memecoins will probably become more popular soon and new projects for decentralized finance are starting. To make most money it is good idea to put your money into different things. Means choose highly risky mid risky and low risky coins or tokens.
LSD tokens are still under value and they can outperform once they saw big volume in them. Besides Defi AI and memecoins will pump in the near future now we also have depin projects too. DIversifying to increase the profit is better here.
There is more interest in Ethereum now which means people might invest a lot of money in it soon. This could lead to big investors buying or selling more tokens based on Ethereum. DeFi is already becoming more popular and it is expected to grow even faster on Ethereum network. I am also not investing in any tokens right now but I think some LSD tokens are worth less than they should be and could do better when more people start buying them. And DeFi AI and memecoins will probably become more popular soon and new projects for decentralized finance are starting. To make most money it is good idea to put your money into different things. Means choose highly risky mid risky and low risky coins or tokens.Diversification is something we always hear about in the market whenever FOMO occurs. If love altcoins, investors should have a certain amount of money in ETH to ensure profits, then they can look for other opportunities, not the other way around.