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.
IMO, I think its because Ethereum is the oldest smart contract platform in the crypto industry that's why many users are still using it in the name of loyalty and of course, Ethereum Network is much more decentralized compared to other smart contract providers so for me it's a good reason to stay in Ethereum despite with its problem on expensive transaction fees.