Post
Topic
Board Altcoin Discussion
Re: Why are people still using Ethereum DeFi?
by
khiholangkang
on 25/01/2022, 10:51:02 UTC
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.
I think the question should be why developers are still using the ETH network instead of people.
Since people invest in a project developed by a developer, if the developer switches to using another network, of course investors will follow.