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TVL for Algorand, 111M USD: https://defillama.com/chain/Algorand https://defillama.com/chain/Algorand TVL for Ethereum, 53B USD: https://defillama.com/chain/Et
by rglullis 3y ago
TVL 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.