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People are buying it now to run apps making money off of defi. Binance has their own network thats growing similarly. Both do have a huge amount of speculators.
by scsilver 5y ago
People are buying it now to run apps making money off of defi. Binance has their own network thats growing similarly. Both do have a huge amount of speculators. There are other up and coming complements to the market aswell including Polkadot.
Some like ethereum for its maturity and dev team.
- hanniabu 5y agoImo Polkadot is "obsolete" now with Ethereum moving forward with a rollup-centric roadmap since L2 rollups are pretty much the same as parachains.
- exo762 5y agoWhat is your take on Near?
- SmellTheGlove 5y ago> People are buying it now to run apps making money off of defi. Serious question - what does this actually mean? What defi apps are people running to make money besides minting other coins?
- scsilver 5y agoOne of the significant and first ones is compound. https://compound.finance/ https://compound.finance/ Uniswap being another https://uniswap.org/ https://uniswap.org/ A more comprehensive lost of ether based defi apps https://www.blocksocial.com/ethereum-defi-platforms/ https://www.blocksocial.com/ethereum-defi-platforms/ There are also other blockchain ecosystems with their own defi projects. In general, you have some cryto assets, you loan those to someone or some decentralized system that uses those assets to make money(like banks, financial institutions, and market makers).