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I didn't mention Algorand because its overall network is a blip compared with Ethereum and Solana in any metric, and it can barely be considered as Battle-Teste
by rglullis 3y ago
I didn't mention Algorand because its overall network is a blip compared with Ethereum and Solana in any metric, and it can barely be considered as Battle-Tester in a "real world" scenario.
- wslh 3y agoDo you have a paper for that?
- rglullis 3y agoTVL for Algorand, 111M USD: https://defillama.com/chain/Algorand https://defillama.com/chain/Algorand TVL for Ethereum, 53B USD: https://defillama.com/chain/Ethereum https://defillama.com/chain/Ethereum If doing DeFI on Algorand is so much better/cheaper than on Ethereum, then why is it only 1/500th of Ethereum's size? Mind you, it seems that this calculation is not attributing "bridged" TVL as related to the chain size and activity. If it were, there are 330 Billion USD that depend on Ethereum's base layer security.