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.
There are some factors responsible for why people have kept it tight over time with ethereum even with their high gas fee. First, it is the biggest brand, people love to stick to what they how it works than trying out new one, fast transactions, ethereum has built reputation that has made people trust them. These are some of the reasons and I can continue to list for endless reasons.
But what we need to debate is, how long etehreum will be able to keep its adopters to stick within their ecosystem; I mean there are enough competitor platforms are available for people to switch and adopt hence if ethereum devs will not take necessary steps then that will lead to collapse due to failing to update reasons.