People are starting to understand the true potential of ethereum which far exceeds that of bitcoin.
Already in the second half of 2020 we saw a growing interest in cryptocurrencies by institutions, even if the focus was on bitcoin, the growth of ethereum from its March low was 1200%, while that of bitcoin by 700% .
Ethereum is the leading platform for building blockchain projects and launching decentralized applications, despite having many competitors such as, Polkadot, Cardano, Tron, Cosmos etc. continues to be a leader in the sector.
Over the course of 2020, more than $ 1 trillion worth of transactions were recorded on the Ethereum blockchain.
Also, Keep in mind that every transaction generates network fees paid in ETH.
As for the DeFi sector, Ethereum is the main platform for creating and launching most of the new DeFi projects and stablecoins.
Since the beginning of 2020, the total value locked in decentralized finance has grown by nearly 3,300%, from 687 million to 23.2 billion dollars.
Even large listed companies continue to show interest in this new type of asset.
In August 2020, Archax and Algorand revealed their intention to develop tools to introduce DeFi across institutions.
It seems that the attention of large investors is shifting to other sectors of the crypto world and some of them are linked to Ethereum.
Posted Using LeoFinance Beta