The Currency Analytics

Ethereum (ETH) not ready yet for DeFi

By Sydney TheCMO

Poor scalability and sloth block time

Users looking for alternatives

The DeFi boom is making huge waves all over, leading to new developments in DeFi apps and eventually a steady increase in DeFi transactions.

One of the major critics who has always been very vocal about Ethereum’s struggles with the influx of DeFi transactions is Martin Froehler, senior mathematician and the founder…

A lot of major industry figures are of the opinion that Ethereum might not have been able to anticipate the sudden DeFi hype that we are witnessing today.

With numbers of DeFi transactions on rise today, poor scalability issues are leading to serious network congestion on Ethereum which has eventually spiked the gas fees.

TRON blockchain is one such name which is fast gaining popularity among the DeFi users looking for a better and more affordable alternative to Ethereum.

Besides, TRON has recently got its first ever dedicated public oracle system called Bridge oracle.

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