Too little too late? Ethereum is losing DeFi ground to competing blockchains
2021 was a great year for (BTC) and crypto in general. However, the decentralized financial (DeFi) sector has outshone other niches in the cryptocurrency space, dazzling the community with tremendous growth in terms of popularity, engagement and volume, with the total value currently locked meeting According to DappRadar at around $ 56 billion.
The non-fungible token or NFT space is also seeing unprecedented growth. Many believe that it is 2021 be the year of the NFTs. However, DeFi continues to thrive, especially on the Ethereum blockchain, in the Exceeds developer and user activity that of another blockchain.
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