Hi everyone, I would like to hear your opinion on why a large number of people continue to use DeFi of Ethereum, if it is possible to use the DeFi of other ecosystems with lower fees, faster transaction speeds and better APY for farming in DEXs.
You should not worry about that they keep using this thing coz they know that if ethereum defi will always have a big demand. You can't expect those people have not used the dex that build in the near protocol as well. That's wrong. So many of them have been actively using various dex in the multiple blockchain. You must not generalize if so many people keep using ethereum blockchain. I'm also actively using various dex in so many blockchain as long as that makes me confidence with it.
Just to give an example, if people use Aurora (EVM that runs on NEAR Protocol), they will get really cheap gas (0.01$<), almost instant transactions, and great APY for farming liquidity.
I'm sure that some of them using it right now. They do know about that and that's why you must not only see that based only from the chart.