So the concentration will natural migrate elsewhere as other projects gain attention.
The Defi is really blooming in this bullrun. But having it in ethereum also lead to another problem, the gas fee. As the gas is quite big in ETH, with the price increase in ETH, it also increase the gas price.
For now, I think several Defi project already moving into BSC platform. some might not seeing it as a good sign for decentralization,as it stick to Binance. With the cheaper fee, it might be a better choice isn't it?
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Certainly that is the case. As gas goes higher, less people can realistically participate.
This means that we will see other options step up. It is why I am excited for Leofinance's LeoFI to come out and see all that is offered there.
Posted Using LeoFinance Beta
The gas fees have really discouraged so many Ethereum users....well just like you said,I too really can't wait to see the LEOfi project become fully out so that we can enjoy the benefits that comes with it...
The ETH gas fees are a grand opportunity for Hive. We just need to reach out and grab it.
Posted Using LeoFinance Beta