@emersons

Ethereum’s dominance in DeFi is facing increasing competition from emerging public blockchains like Solana, Avalanche, and Binance Smart Chain, all of which offer faster transaction speeds and lower fees. Ethereum’s scalability issues and high gas fees have created an opening for these competitors to capture market share, especially in DeFi applications where speed and cost efficiency are crucial. However, Ethereum’s robust developer ecosystem, network effect, and security make it challenging for competitors to overtake it entirely. While Ethereum may lose some market share in DeFi, its established infrastructure, ongoing upgrades like Ethereum 2.0, and the growing adoption of Layer 2 solutions may help maintain its leadership in the long run.

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