Despite the many differences in the EOSIO chain, the EOS blockchain comes with its flavor.

Eoswriter.io tweeted:  “Worbli has KYC, Telos focuses on governance, Ultra is for game development, WAX focus on NFTs, EOS is the mothership with all the liquidity and B1 tokens, you can learn more about each chain on our site we cover most of them.”

Furthered stating, when comparing EOS with BOS, TELOS, and WAX, it can be seen that they all have the same technology, but the EOS ecosystem is larger, and also, the users are more.  In a public chain, the ecology and the users determine the future of the chain.

When compared to several other tokens, the performance is not commendable.  It is not clear if the EOS is caring about the price of the token, or they are concerned about everything private.

The coronavirus pandemic has led to several investors to sell their crypto assets to pay their bills in the real world.  There is an increasing demand for Decentralized Finance as an alternative to traditional financial institutions.  This is because the conditions are fair and clear in a DeFi, and the terms are transparent.   However, every DeFi platform is different.

Sydney Ifergan, the crypto expert, tweeted:  “The EOS blockchain ecosystem has a lot of Decentralized Finance (DeFi) facilitating peer-to-peer transactions. Near-instant, fee-less, and verifiable instantly is a good thing.”

EOS Financial Strides

EOS enthusiasts opine that since EOS is a decentralized public blockchain that it can support mainstream adoption. They establish that a DeFi on EOS provides financial access to almost anyone from any corner of the world.

There are differences in interest rates and fees on the transaction in each nation, and EOS DeFi believes that it is possible for them to place every borrower under the same interest rate environment irrespective of where they are from with all they need to have is an internet and a smartphone.

REX (Resource Exchange) is one of the biggest DeFi Platform used by EOS blockchain users who have used it in one way or the other. REX is less than a year old.  However, they have scaled far more than other financial service providers irrespective of whether they are traditional service providers or DeFi.  The users on the Resource Exchange will be able to lend and borrow EOS network resources with other users.

Several other DeFi projects are available in the EOS ecosystem like the Equilibrium, Vigor, XNation, Chintai, and others.