The Truth About DeFi

Intro

So what is the current state of decentralized finance? Where are we with different scaling solutions on Ethereum? How about DeFi on other chains? And what is the most likely scenario when it comes to the future of DeFi? You’ll find answers to these questions in this article.

DeFi — State of Affairs

Decentralized Finance, together with the whole cryptocurrency space, started 2021 with a bang.

Scaling DeFi

When it comes to scaling DeFi on Ethereum we have quite a few options either already available or not being too far from a full launch.

BSC And DeFi On Other Chains

Let’s start with Binance Smart Chain — yes, I know, BSC is not always even considered as DeFi and more like CeDeFi and you can find more about it here in this article.

The Truth

Although it seems like DeFi is at a crossroad, in practice we’re just experiencing an ongoing Cambrian Explosion of this nascent space.

DeFi education