Ethereum Vs. Tron: ETH Dominates DeFi
Ethereum is still dominating DeFi space, and according to the latest reports, it was able to massively outperform other smart contract platforms such as Tron, EOS, NEO, and more. The online publication the Daily Hodl notes that Q3 DeFi ecosystem reports released by Dappradar revealed that this quarter is by far the best one for Ethereum, accounting for 96% of the total of $123 billion total transaction volume in the ecosystem.
The online publication mentioned above notes that DappRadar also highlights the power of yield farming and says that this is a major contributor to Ethereum’s dominance in the DeFi space. The online publication the Daily Hodl notes that the DeFi analytics platform DeFi Pulse revealed that Bitcoin holders had converted 141,683 BTC worth over $1.5 billion into ERC-20 tokens.
