Why DeFi Needs to Branch Out From Ethereum
For its long-term viability, decentralized finance cannot be defined by a single blockchain network.
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The ongoing ethereum classic drama is yet another illustration of the great irony of cryptocurrency – a technology invented as a way to form consensus keeps facing its greatest threat from the inability of its communities to form it. When there's a fork, it's important for the community to choose wisely between the two branches. But it's also important, often more important, for the community to converge on one branch. In a case like ethereum, which now has two competing versions, ethereum (ETH) and ethereum classic (ETC), not converging will do more harm than converging on the inferior....
According to DeFi Llama, the Total Value Locked (TVL) across all networks is closing in at a record $180 billion, with the Ethereum network accounting for the vast majority of this. The data includes valuations from Ethereum, Polygon, Solona, Fantom, Terra, Avalanche, Binance, and other less prominent DeFi chains. Ethereum accounts for $131 billion of […]
Ethereum is the primary cryptocurrency benefiting from the DeFi trend. And while a rising tide lifts all boats, the demand for the top-ranked altcoin is second-to-none. And while Ethereum is dominating the crypto market right now, its DeFi that is dominating the headlines in the media, not the altcoin that makes it all possible. DeFi […]
Ethereum is finishing its 'Thawing' phase, designed to help the network grow organically at a slow and steady pace. In a matter of hours, the network will be handling transactions and trading will begin. Ethereum CCO Stephen Tual published a new blog post asking miners are asked to update their clients. Tual published an update last night on the thawing process that Ethereum has been engaged in since its recent launch. Until now, miners were able to verify and add blocks to the blockchain, but no transactions were possible because of an artificially low limit on how much 'gas' could be....
Ethereum maintains the largest market share of the decentralized finance (DeFi) market. DeFi has boomed through 2021 and market crashes have not slowed down the space. DeFi protocols have seen a high rate of adoption among users. With networks like Solana and Cardano unveiling capabilities to enable them to compete with the top DeFi platform, […]