Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, what will be the future of DEFI in the DEFI craze in Binance Smart Chain (BSC) network, who will win…? I'll talk about that.
If you're wondering, let's get started ...
First of all, for you to understand this article; You can review my articles about DEFI on Binance Smart Chain and Binance Chain Wallet
The Binance Smart Chain (BSC), released by the Binance exchange, has emerged as a serious competitor to the Ethereum network. In the last month, the prices of the Binance exchange's cryptocurrency Binance Coin (BNB), Venus and PancakeSwap tokens using the BSC network reached the moon.
Binance Coin (BNB)
VENUS (XVS)
PancakeSwap (CAKE)
Source by CoinGecko
Venus lending focused on PancakeSwap liquid generation issues. Both projects are supported by Binance. Venus and PancakeSwap; They work as decentralized projects in a central network !!!!
Source by defistation
There are currently 25 DEFI projects in the BSC. Demand for them and very low gas fees in BSC; It began to be considered an alternative to the Ethereum network. Is this true?
Ethereum is the second largest cryptocurrency after Bitcoin. It is also a blockchain, which is the heart of DEFI. Hundreds of DEFI projects use the ETH network.
MAKER (MKR)
AAVE ( AAVE)
UNISWAP (UNI)
MAKER and AAVE focused on lending and UNISWAP liquidity generation. It uses the ETH network. They have decentralized structures in a decentralized network.
Source by defipulse
Maker, Aave, Uniswap, important players of DEFI projects using the ETH network, are in a state of silence. It was as if they left the stage for Venus and PancakeSwap. Is this true?
DEFI projects in the ETH network accumulate like bombs ready to explode, they will start the second wave in the bull season. My opinion...
MAKER (MKR)
UNISWAP (UNI)
My conclusions after looking at the data of the BSC and ETH network;
Supported by the world's best and most active exchange Binance, BSC and projects will develop. The only question in minds is a centralized structure. Because the basis of blockchain technology is a decentralized structure. We will see what the BSC will turn into over time. ETH is decentralized. ETH is advantageous.
Gas charges in BSC are very convenient. Transaction fees do not exceed $ 1. I saw this in my transfer. But gas charges have become incredible in the ETH network. I was charged a gas fee of $ 85 to transfer my $ 20 token. I think ETH will fix this. But this was the losing side in this bull season. BSC advantageous
There are hundreds of DEFI projects on ETH. It seems difficult for these to pass to the BSC. New projects prefer BSC. ETH is ahead in terms of market volume. ETH is advantageous.
Meanwhile, blockchains like Polkadot, Waves, IOTA, Cardano, Ripple support and / or work to support DEFI. In particular, you should follow Polkadot will be an important player.
As a result, the classical financial system is ending. The best example; Large financial firms invest in cryptocurrencies, especially Bitcoin and Ethereum. Not every investor who buys cryptocurrency will constantly trade. He will want to gain passive income with the cryptocurrencies he bought. Here are the methods; Lending, Staking, DeXes, Assets, Derivatives, Earn, ...
These services will also be provided by DEFI projects. Networks and projects that provide this service reliably at the most affordable price will get a large share of the cake.
As I always say, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
