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In 2020, Ethereum's DeFi system will flourish, and many Hundreds of Coins will be born. However, entering 2021, BSC tokens began to dominate the market, and the growth of various DeFi tokens crushed the Ethereum system.
With strong fundamentals and unstoppable pull effects, it is difficult for us to ignore the existence of BSC.
The rise of BSC and HECO (Huobi Ecological Chain), the reason why the speed is so fast and so fierce, is directly related to the high transaction fee of the Ethereum chain. The better the Ethereum 1.0 business development, the more expensive the GAS fee, and this suppresses all small Defi transactions and transfers. The rise of BSC and HECO happens to be hit by this big flaw in the Ethereum chain, so BSC and HECO Although it has its own technical characteristics and good projects, the high GAS of the Ethereum chain is the root cause.
When Ethereum is limited by performance, slow transfers, poor experience, and a single GAS fee of up to hundreds of dollars, DeFi has become the privilege of large accounts, and Binance Smart Chain has become a laboratory for ordinary investors to participate in DeFi.