Sirwin
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Binance DeFi vs Ethereum DeFi


The war in the world of Defi begins.
While Ethereum Defi was very popular in 2020, especially when it released its own crypto Uniswap; at the beginning of 2021, Binance Defi is in power again. Publish0x is part of a network that has more up-to-date information on this topic. Within a day, Publish0x and other social networks will be sharing information about it. Why did DeFi enthusiasts leave the Ethereum Network?
The reason why people moved to Binance Defi was because of the high gas fee on the Ethereum network. Many people are expecting and waiting for Ethereum 2.0 to solve this problem, but so far there is no news about how they will resolve GAS FEE demands. Even to stake ETH 2.0 if you do not have 32 ETH, you cannot stake.
As you can see below my Eth DEFI dies in MetaMask wallet due to a UNISWAP gas fee request higher than the amount of money I want to withdraw from the wallet. So, to me, the ETH network is for wealthy people and not for me who is just learning to walk. Due to gas fee demand, I can't swap my AMPL to ETH.

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Why did people rush to Binance DeFi?
This year 2021 the globe has changed as all the Defi enthusiasts have moved to Binance Smart Chain. Indeed, the market is always attractive because the goods are cheap. Becoming a member of the ETH network in the past was due to the ease of gas fees at Uniswap. The Binance Smart Chain is here too. It is still relatively easy to use in Pancakeswap compared to Uniswap. Uniswap and Pancakeswap are now competing; and BSC and ERC-20. In Pancakeswap the fee is around $ 0.20- $ 0.30 when swapping while in Uniswap the gas fee sometimes reaches $ 6- $100.While the ETH Gas fee is UNFAIR, BSC is building a FAIR transaction and better Network. 

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Of course, in these critical times, people have to find a place where they can benefit more. It is now on the Binance Smart Chain that people trade DeFi trade instead of on the ETH network in the past. Hopefully, there will be a reduction in the cost of withdrawing money from the ETH Network so that people can return to enjoy the adventures of Uniswap and the ETH DeFis such as FARM, AMPL, BAT, which are very popular. The same goes for Binance DeFi, may this value continue as long as possible, so as not to come across this massive criticism of Ethereum DeFi across the crypto world.

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Fety Bernard Etienne(fetinafety)
Fety Bernard Etienne(fetinafety)

I am a crypto enthusiast, and trader, an investor in many various platforms, and protocol of blockchain around the world. I love talking about Cryptocurrency.


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