🔸Impact of Ethereum 2.0 on DeFi🔸
🔹Ethereum is going to revolutionize the #DeFi sector with its ETH 2.0 upgrade also called Ethereum Serenity. This network upgrade offers better network security, scalability, and user experience. Currently 200 out of 230 DeFi projects are built on Ethereum which makes it the leader of DeFi in blockchain space.
🔸Currently the Ethereum network has some issues which hold back the Ethereum's true potential. We all know that the ETH network transactions are slow (up to 15 minutes or more), low scalability, and high gas fees. The gas fee gone high upto 200USD during peak Bull Run times.
👉 Ethereum 2.0 - The Solution
The Ethereum 2.0 is the game changing upgrade for ETH network. Which offers higher throughput —up to 100,000 TPS (transactions per second)— lower gas fees and more network security. Higher TPS and low gas fee will accelerate the DeFi adoption. Network upgrade will add extra layer of security which ultimately increase users trust.
