Can De-Fi Replace ETH ?

[natalia stark]

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

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[mk4]

Fun fact: "DeFi" isn't a new cryptocurrency. "DeFi" is just what mETH-heads call the projects that run on Ethereum like Uniswap and MakerDAO despite them not actually being decentralized, but mostly just non-custodial.

As of now, Bitcoin is the only true "decentralized" finance project.

[zasad@]

VitalikButerin
https://twitter.com/VitalikButerin/status/1300606241165570048

The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.

https://defipulse.com/

[Bitstar_coin]

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.

[uray]

There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.

Scams are an integral part of an upcoming market and hence all the new investors should be careful about the book of worms we are expected to see .

Literally it is pleasing to the ears to hear about a global ecosystem but i doubt we will see a huge mess in the end and a few surviving in the end and do not forget about the regulations that might be having its foothold in the market as well.

[blockman]

There are still people that don't understand the classification of defi and cryptocurrencies.

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.

He is generalizing the defi scene as the replacement for ETH but not knowingly that most of these projects were made on ETH's smart contract. I don't think any of those defi will replace ETH or has to be a competitor of it unless they'll follow the path of BNB, who became the rival now of ETH.

[AnonBitCoiner]

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

Did the white stone, replace the white pearl !! Not possible one. This is my personal opinion about this. It may vary to person to person.The high gas fee of Ethereum is a flaw for now with Ethereum. Incase it was solved soon. No new coin or platform like defi will take over the Ethereum place.The trading of Ethereum is keep increasing with the pump in the price.

[Kang TB]

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

what did you mean buddy ? as i know a lot of defi project born in ethereum network
thats mean defi is a part from ethereum, and because of the hype on defi-type project ethereum price growing now
so, its very unrealistic if de-fi will replace eth

[memyselfandi]

I don't think so because De-Fi projects/tokens are not yet credible and effective in the market. There are a lot of people still doubting about the effectivity and being legit of De-Fi projects so meaning its foundation is not yet build in crypto market so replacing eth is way more impossible to happen.

[DarkDays]

VitalikButerin
https://twitter.com/VitalikButerin/status/1300606241165570048

The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.

https://defipulse.com/

Just to build on this comment. DeFi isn't a new crypto but it is building on existing blockchain like Ethereum and other emerging ones like Polkadot etc. DeFi is to bridge these blockchain together for the sake of easy transfer between assets a process coined as inter-chain operability. So, no DeFi can't replace Ethereum.

[cryptonx]

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

what did you mean buddy ? as i know a lot of defi project born in ethereum network
thats mean defi is a part from ethereum, and because of the hype on defi-type project ethereum price growing now
so, its very unrealistic if de-fi will replace eth

thats right, defi is only a kind of trends in crypto industry, such as exchange coins in the past
just like now, a lot of people talk about a kind of NFT project mate
by the way, i agree with you @Kang TB, we can't say if defi can replace eth, because defi is a part of ethereum

[Dave1]

VitalikButerin
https://twitter.com/VitalikButerin/status/1300606241165570048

The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.

https://defipulse.com/

Just to build on this comment. DeFi isn't a new crypto but it is building on existing blockchain like Ethereum and other emerging ones like Polkadot etc. DeFi is to bridge these blockchain together for the sake of easy transfer between assets a process coined as inter-chain operability. So, no DeFi can't replace Ethereum.

Correct, maybe the OP really misunderstood the whole Defi thingy because it is taking the altcoin market with it to the next level. And with that said, it won't replace Ethereum, it's interesting though that there are a lot of competitors like Binance BSC that is inching closer to the dominance of Ethereum as far as smart contract and dapps is concern.

So if there is some altcoins that can replace Ethereum, BNB could be one, and so is DOT.

[ElaineGanda]

I don't think so since defi project are just new in the crypto market and many people are not familiar with it while ethereum is already built its name and credibility that is why a lot of people are trusting it, in fact most of the newly established project now are eth based token so replacing eth is quite far to happen.

[tbct_mt2]

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

DeFi projects mostly are built on the Ethereum network, the ERC-20 chain. Do you think that they will replace Ethereum when they depends on ERC-20 chain?

If a project is better than Ethereum, it would have its own blockchain and its protocol must be better than Ethereum Protocol. A project does not have two factors can not be better than Ethereum and can not kill or replace Ethereum.

[Beparanf]

I don't think so since defi project are just new in the crypto market and many people are not familiar with it while ethereum is already built its name and credibility that is why a lot of people are trusting it, in fact most of the newly established project now are eth based token so replacing eth is quite far to happen.

Do you realize that Ethereum is a blockchain that being use by DeFi project as platform for there product? They are not competitors but rather partners. So there is no way that ETH will overtake by DeFi project. Project that can overtake ETH are those Blockchain-based project too that can cater DeFi project like Tron, BSC, EOS and many more.

You should DYOR as well as the OP.

[pakhitheboss]

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

First of all, DeFi is not a cryptocurrency, it is an ecosystem that is running on the Ethereum blockchain. There are projects that are using this ecosystem and people who have invested in those projects are making good money.

Yes, there are projects like YFI which have more USD value than ETH but you should remember these projects cannot survive without ETH unless they create their own blockchain.

[killerfrost]

What are you comparing? why compare an entire sector in this market with a coin. Though trying to understand you better, you are probably confusing the concepts in this dimension.

Defi it also includes many blockchain platforms combined, not just ERC20, maybe at first ERC20 is the easiest place to start to understand more about this field, but it is being strongly competed by other platforms in defi space. Comparing the BSC vs ERC20 sounds more plausible.

[casperBGD]

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

De-fi is very popular among crypto players. but that doesn't mean De-fi will compete with eth. both platforms have their own charm. for eth remains irreplaceable apart from btc

what a shit-post, DeFi will not compete with Ethereum, it is built on Ethereum, and most traffic is done on Ethereum
nevertheless, there are DeFi project on Binance Smart Chain as well, and others are trying to get their skin in the game, but from your post could be seen that you do not understand the difference between DeFi as a term and platforms on which DeFi projects are working
it is a complement, not competition

[btcltcdigger]

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

My thought is that you have no idea or understanding what you're talking about, and this is just a shitpost....

[leea-1334]

Do you realize what you are even asking?

Bitcoin was decentralized finance. DeFi was just a term created.

DeFi protocols who call themselves as such are built on other networks and right now the majority of it resides on Ethereum. Why do you think gas fees have become so crazy lately:)