Layer-2 Networks Emerge as the Foundation of a More Expansive DeFi Ecosystem

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TheNewsCrypto 2d ago

Layer-2 Networks Emerge as the Foundation of a More Expansive DeFi Ecosystem - TheNewsCrypto

Quick Summary:

Ethereum’s first-mover advantage has never been overcome and to this day it remains the foundation of the DeFi industry, with more than 50% of the total value locked in blockchain-based protocols.

But Ethereum’s dominance has led to significant challenges for DeFi protocols, as the world’s number one smart contract network has significant limitations in terms of transaction throughput and scalability.

Also like Optimism, Base leverages the security of the Ethereum network to process transactions off-chain, ensuring the safety of user’s funds.