No single blockchain can carry all of DeFi right now, MyEtherWallet founder says

[Lenipiw]

Scaling solutions sometimes come at the cost of decentralization. Most of DeFi's potential scaling options come at the cost of decentralization, according to Kosala Hemachandra, founder and CEO of crypto wallet solution MyEtherWallet.

"From a perspective of fully decentralized blockchains, there's no blockchain that has a good enough scaling solution to support this many transactions," Hemachandra told Cointelegraph in an interview. "When you think from that perspective, Ethereum is the best solution out there."

DeFi has boomed in 2020, with Ethereum arguably being the top choice for most of the action, according to Hemachandra. As a result, scaling issues have surfaced in the form ohigh fees.
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