What's your take on ethereum's DEFI?
DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries.
From the looks of it, the ethereum platform is still leading the way towards decentralization with the increasing list of Dapps and Dexs
DeFi, DApps and etc have been a highly popularized topic this year and the only platform that really can capture and have devs build ontop of a blockchain, is Eth.
Now, I do not personally believe Ethereum's time has come and eventually, as time progresses, I'm bullish in regards to Ethereum's valuation. In almost every regard, it's more friendly to users and devs than any other blockchain. The chain itself is highly adaptable and we've seen numerous of projects building protocols and etc on Ethereum. Almost every person I meet these days, perfers to get paid in ETH over any other currency, including myself. There's ultimately many reasons for this, but the biggest factor is the numerous of wallets available and how easy it is to send a TX, or recieve a payment, without going through most headaches. I know there are a lot of external services/wallets for BTC, but the nature of Ethereum makes it overall more accessible to an average consumer and thus where the money is, is where the most activity will be centered around.
A quick quote from CryptoDiffer recently, which summarizes Ethereum's ecosystem very well:
The biggest problem that people have with Ethereum, DeFi and DApps is the overall scalability of the blockchain. Ethereum 2.0 is what most are waiting for and that will address issues with salability. Ethereum's ecosystem as a whole as seen significant updates and continued development interest over the years - also real world business integration and affiliation, this will only grow due to the popularity of Ethereum as a whole. (Read all about it:
https://medium.com/better-programming/overview-of-whats-new-in-ethereum-2-0-cdf902e0220d).
Thus through usability, accessibility, familiarization, Ethereum is the leading contender with no apparent competition in sight to overthrow that. It's ultimately the step into the future with DeFi and DApps. Ethereum's value is derived on one fundamental principal (similar to Bitcoin) it was the first, most widely accepted and most usable blockchain in terms of being able to add to the ecosystem (via SC's and etc). The ecosystem, DeFi, DApps, protocols and enhancements in conjunction with Ethereum only strengthen Ethereum in the end.