Post
Topic
Board Altcoin Discussion
Re: Is growth of #Ethereum really coming?
by
FrozenBit
on 06/04/2023, 14:28:03 UTC
Ethereum is a blockchain platform that allows developers to build decentralized applications (dapps) and smart contracts. It is the second-largest cryptocurrency by market capitalization after Bitcoin, and has a large developer community and ecosystem of decentralized finance (DeFi) applications built on top of it.
While we have heard of some roadblocks with ETH during its launch so far, it has consistently demonstrated its standing in the crypto market so far. The growth of Ethereum has been very evident over the past few years. Currently, Ethereum is the second largest cryptocurrency by market capitalization after Bitcoin, with a market capitalization of around $200B . More important, however, is the growth of the DeFi ecosystem on the Ethereum platform, with a host of new applications and services being developed on top of it. I still expect that it will continue to grow in the future as the DeFi ecosystem continues to grow, along with the emergence of many new areas on the ecosystem.