The focus remains on DeFi as the sector continues to expand to more blockchains and attract the attention of developers and investors. Ethereum continues to be the leader and given the amount of capital locked in projects on its network, it is starting to amass significant network effects. However, while gas fees remain high, competitor networks have a chance to highlight their efficiency benefits. Blockchains that are EVM compatible may be able to make the most convincing case in the short term.
DappRadar OpenData Analyst Ilya Abugov talks about what happened over the last 7days :
The TVL and the impact of inflation
Ethereum competitors like Tron and Waves making more moves in defi and other developments.
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