The rise of DeFi 2.0

By Pasucaru | Crypto on fire | 5 Feb 2021

From last summer (2020) the Decentralized Finance (DeFi) with the tokens associated was a success but in the same time gas fees increase a lot. In my case I was more familiar with the Binance Smart Chain (BSC) thanks to the Binance ecosystem which help to get the cheapest gas fees at this time.


Actually most of DeFi projects (check Finance DApps here) are linked to the Ethereum Blockchain (30 transactions per second), and many people are thinking the problem of scalability will be solve at the end of the  ETH 2.0 process but you don't need to wait this new release. 

In fact most of us are waiting for Layer 2 which open a new period for DeFi , the DeFi 2.0 in terms of scalability improvement i. e gas fees will decrease.

This step is very important to open the DeFi 2.0 to everybody. For implementations in Layer 2 nowdays,  see Synthetix Layer-2 , Loopring Layer-2 and  I hope a decentralized interface like Uniswap and other platform (1inch, DYdX, ...)  will follow this way very soon (today is Feb. 5th). 


Next summer (2021), gas fees on ETH Blockchain - thank to Layer-2 or DeFi 2.0 - will be an old memory.



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