Can De-Fi Replace ETH ?

[Jackl87]

I think you misunderstood a few things regarding Defi OP.
The hpye of Defi (decentralized finance) started with projects that were built on the ethereum Blockchain. So it's not Defi or Ethereum.
More true is Defi = Ethereum. In the recent weeks and months there were also more Defi projects launching on Binance smart chain for example because the fees on the Ethereum Network are pretty high at the moment.
But updates are coming to adress that problem pretty soon.
So Defi will not replace ETH it will make it even more needed and important.

[danherbias07]

You mean DeFi projects.
Nothing can replace Ethereum just yet. Even Binance Smart Chain is having trouble to surpass it.

Maybe if something new will come up that will have the whole support of the crypto currency community then it might change.
But for now, even with high fees and slow transactions, Ethereum will remain at the top of altcoin names.
Being early has its perks too.

[DoublerHunter]

Defi is the new and rising crypto like other altcoins  but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so

thoughts

^ Defi projects are nothing if you will be compared to the ETH. Everything depended on the ETH and they are all forked to the ETH network.
How come the Defi projects will compete with ETH? All Defi projects are based on the ETH network and how come they will overpass the network.
It happens they only trending projects now just because of BSC and most commonly traders are on Binance, but all of them will not work without the ETH network. That is the reason until now ETH was in a heavy traffic transaction and it becomes expensive fees.

[Sterbens]

It will help if you can be more specific in your enquiry, if you mean a defi project well I can't say yes or no because the space is evolving every day and we have some fantastic project in the likes of avax, dot, sol that seem like a good competitor to eth, eth is not just a yesterday's coin, this project has been in existence for years now and has gain respect and trust from people.

right but lately with the cost of GAS which is often a topic of problem for Eth, will it still have a sense of respect? maybe for wholesalers like you yes, but for us this is very torturous. to be honest as small traders we feel isolated from Eth at the moment.

[Sterbens]

Man, DeFi is still under the Ethereum network, you should know that DeFi hitches a ride in the Ethereum pool, so to replace ethereum is a very imprecise statement. because if DeFi has to replace Ethreum, it means DeFi has to go out and create its own line. In simple terms Ethreum should get rid of DeFi first. or should it be like the coup in Myanmar. LOL

[Kelvinid]

Defi is the new and rising crypto like other altcoins  but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so

thoughts

Definitely, not. And why? It is because Defi can't be like ETH, it is a different platform.
Defi projects? there's a lot of them and I don't know which one will even survive in the future as most of these projects are worthless.

I know profit means a lot here as we are in investment but most people had to choose for a long-term investment that they can possibly double or triple their investment in the future where ETH has the capability to make it possible. Defi projects may have but to find which one seems impossible. 

[leea-1334]

Man, DeFi is still under the Ethereum network, you should know that DeFi hitches a ride in the Ethereum pool, so to replace ethereum is a very imprecise statement. because if DeFi has to replace Ethreum, it means DeFi has to go out and create its own line. In simple terms Ethreum should get rid of DeFi first. or should it be like the coup in Myanmar. LOL

Yup haha that is also what I replied above,,, op probably does not even realize that defi is mainly on ETH network now, OR he is one of those who are hitching rides on polkadot and now even Binance Smart Chain (I still cannot believe that people are using Binance SC now when it is so unsafe as we do not know what is the risks there yet).

Myanmar coup haha:)

[Flowzer]

Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.

[Quidat]

I guess the ops is just trying to pull a stunt on us because I can't see any reason why any one will try to compares the De-fi to ethereum blockchain the so called uniswap De-fi projects still runs on the ethereum blockchain which is the mother of all altcoin.

One of the examples where people do make out some topics or post without even realizing on what are the things they've been posting.They are making themselves laughable in
public since everybody knows mostly on this forum that DeFi and Eth platforms is just on the same side.ETH price did shoot up because of that Defi hype and look at on the
current network situation of ETH where it did really stuck off on having high fees which is really a pain in the ass. Replacing ETH into its place is plausible with other
alts but there is no guarantee on when it could happen.It all matters with the demand into it and if people find out that it isnt really that much of interesting
then expect that there would be replacements.

[Stalker22]

ETH will always be the better solution, but what DeFi did is to change its market value to a whole new level. Another thing I think is it is better not to ignore the fact that DeFi is not meant to be a cryptocurrency. DeFi can be used as a store of value or speculative investment, but not cryptocurrency.

[brampower]

Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.

There are many responses in this thread commenting on it even without knowing what they are talking about and you are the few that had a solid response that makes sense.

ETH and DeFi are entirely different things, ETH can be replaced by others like DOT, EOS or even BSC but not the other way around.

[santiPOGI]

Defi is the new and rising crypto like other altcoins  but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so

thoughts

I cannot deny that Defi was really growing but this doesn't mean that it can replace ETH, that's not going to be happen.
And most of the defi coin now are very useful for the scammers, sorry no offense, perhaps this was my observation during
the time of hype recently, just like what happened before Bitcoin begin to spike.

[ene1980]

ETH will always be the better solution, but what DeFi did is to change its market value to a whole new level. Another thing I think is it is better not to ignore the fact that DeFi is not meant to be a cryptocurrency. DeFi can be used as a store of value or speculative investment, but not cryptocurrency.

The hype will be over pretty fast and we will see how the decentralized finance market will hold up when we are in a bear market. The bull market helped the hype grow to a point but we will see the true nature during the bear market and what all tokens will die off can be witnessed at that time.
I still considering these hype as pump and dump markets and DeFi is not a store of value or even a speculative market.

[Twinkledoe]

Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.

There are many responses in this thread commenting on it even without knowing what they are talking about and you are the few that had a solid response that makes sense.

ETH and DeFi are entirely different things, ETH can be replaced by others like DOT, EOS or even BSC but not the other way around.

Users here should read this response before they make their own conclusions out of thin air. They should know first what is DeFi and dApps (decentralized Applications). They are misinformed about some things here. DeFi can't replace ETH because it is built under ETH network for example, or EOS, or DOT, or ADA and other dApps. I think the OP needs correction on his post so it will not mislead other users.

[asriloni]

Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.

that's why ethereum was providing an infrastructure for defi to run on ethereum blockchain. People didn't aware about this and they keel call that defi is comparable with ethereum while the fact was saying the opposite thing than it.
it will never happen and basically OP didn't know what he was talking about that. It looks like he must learn what definition of defi and blockchain.
Blockchain as the basis network to run the defi platform can be categorized in the different thing.

[Luffygroove]

I'm sorry, but what do you mean by DeFi replacing ETH?. First, it's two different things, I mean we can't compare both apple to apple. DeFi isn't a new crypto or has characteristics like ETH. It's correct that some of DeFi projects built above Ethereum smart chain. as far as I know, DeFi is like the new innovation in cryptocurrency that based on existed smart chain project. I think DeFi projects and Ethereum has a mutualism symbiosis relationship so if Ethereum issues solved, it will positively effected DeFi projects that built above ethereum smart chain , and when DeFi projects based on ethereum smart chain become more popular, it will also positively effected the popularity of ethereum. Please CMIIW.

[NoG-NoG]

If the problems and issues regarding ethereum blockchain is not resolve even the ETH 2.0 is launches, I guess many crypto enthusiasts will then move and shift into a much cheaper and more convenient DeFi blockchain and ecosystem. However, if it fix its issues and problems it will definitely attract more people to patronize their blockchain and its a big boost for their reputation once more.

[wxxyrqa]

If the problems and issues regarding ethereum blockchain is not resolve even the ETH 2.0 is launches, I guess many crypto enthusiasts will then move and shift into a much cheaper and more convenient DeFi blockchain and ecosystem. However, if it fix its issues and problems it will definitely attract more people to patronize their blockchain and its a big boost for their reputation once more.

The fact is that the update of Ethereum 2.0, or rather its last phase of the London hard fork, will give much more advantages to the Ethereum platform and to every ETH owner. The fact is that everyone expects not only a decrease in fees within the network, which are very often not very important for huge and promising projects, but at the same time I really like the idea that the team is implementing that a significant amount of transaction fees will be burned and thus Ethereum will be a deflationary asset, which will more effectively affect its popularity and pricing.

[mamesso]

I never thought Defi could replace Ethereum, Defi is a new project in cryptocurrency and people are not very familiar with it, whereas Ethereum is more than just a cryptocurrency, Ethereum is a blockchain-based platform for developing decentralized applications and smart contracts. I think it will be very difficult for defi to replace Ethereum, but if it goes beyond the Ethereum price it can still happen.

[FanEagle]

Defi is the new and rising crypto like other altcoins  but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so

thoughts

I guess ethereum is for defi isn't it? Why are we talking about defi could survive without a centralized regular coin. It could be eth, tron, bsc, neo whatever but they are all there. Maybe one day a defi will open for all other defi, like a defi where defis start instead of eth and others, that might help, but it would have to go up so much that we are talking about 2 out of top three coins help with the defi projects and that's a lot.

This is why I think it is quite obvious that we are not going to see defi replacing eth. Don't get me wrong, defi will keep going bigger and bigger, it is decentralized which is why people love it and it will continue down that path, however that doesn't change the fact that we do not have to see ETH go for that to happen, both of them could live together and grow together, which is what is happening right now anyway.