đAttention BTC enthusiasts! The future of DeFi is shaping up to be a battle between Ethereum's Layer 2 (L2) scaling networks and new Layer 1 (L1) platforms. Ethereum's L2s, like Arbitrum and Polygon, are tackling congestion and high fees, but security and user experience remain concerns. đ€
Enter the challengers: non-EVM L1s like Aptos, Radix, and Sui. These platforms aim to improve security and UX by starting from scratch with custom stacks. They're also promising linear scalability without compromising composability. đ
However, Ethereum and its L2s have a significant lead in public awareness and developer community. Can the new L1s make a dent in the market? With DeFi and Web3 accounting for just a tiny fraction of global assets, users, and developers, there's still plenty of room for growth and competition. đ
So, who will win the race to shape the future of DeFi? Only time will tell! đ°ïžđ°
