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.
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.
Most people sticked on Ethereum Blockchain is because there's a lot of new Dapps and NFT out there that has a lot of profit potential. Obviously they are just using some DeFi apps to have a passive profit while waiting for a project with good profit opportunities. Its very hard to transfer funds from one blockchain to another that's why most of ethereum user didn't mind the fee in exchange for good profit on Ethereum.