Post
Topic
Board Altcoin Discussion
Re: Why are people still using DeFi on Eth?
by
gwdf1
on 11/10/2021, 03:38:45 UTC
What do you think about DeFi on ethereum at the end of 2021? It doesn't seem to you that this is an absolutely bottomless pit living your money on transactions (unless you are a millionaire, of course)
Heard about DeFi on Solana or Near? When will such blockchains completely replace the losing Ethereum Network?

In my opinion, DeFi's popularity will not last very long. I think in 2022 people will start to forget about DeFi and there will be something new on the market.
As for the other networks, I think they will have a very difficult time entering the market after Ethereum 2.0 is launched.
I am afraid, I can't agree with you. It can be rightly if we are talking about really useless like meme coins. They live only because of hype and don't have any real use cases, so they will die as soon as hype is over. But defi-projects cary real utility, they solve different problems. You can lend money, borrow them, earn, exchange tokens etc, so defi-projects will live because people will continue using them even without hype.