Ethereum To Keep Its DeFi Throne For At Least 3 Years
Talking to “several high-profile decentralized finance DeFi projects” about the future of this sector, provider of crypto market data CryptoCompare found that most said “Ethereum (ETH) won’t be replaced as the go-to blockchain network for DeFi” in the next 3 years. CryptoCompare gathered responses and data via a survey, from a few DeFi protocols, including Augur (REP), Argent, DDEX, Balancer (BAL), Nexus Mutual, Kyber Network (KNC), Loopring (LRC), and Staked, the company said in a blog post.
On a question whether Ethereum will be replaced as the top DeFi network within the next three years, 62.5% of respondents strongly disagreed. Asked about “shortcomings of the Ethereum network in its current state,” the respondents stated that the main concerns regarding the future of the DeFi space are security, user experience, marketing, and a lack of infrastructure for truly decentralized products.