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Ethereum is a ‘brand’ now, but can its DeFi ecosystem remain unmatched
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ambcrypto.comThe DeFi ecosystem has become a legitimate part of the crypto-ecosystem over the past year. It started as a yield farming experiment by Yearn Finance on Ethereum. However, very soon, multiple exchanges, lending, and payment protocols came into being from the decentralized finance segment.
The explosive nature of DeFi on Ethereum led to rising tx fees. Shortly, other blockchains were seen making themselves DeFi-compatible. Over the past few months, the likes of Solana, Binance Smart Chain, and Terra, among others, have seen much expansion following their incorporation of DeFi.
However, the question remains – Do these chains have what it takes to dislodge Ethereum from the top spot?
(Please note that ‘Ethereum being overvalued’ is with respect
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