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❕NEWS Genesis Report Highlights Emerging Role of Ethereum and Defi in Q2 2021

Y

Yusra31

Guest
According to its Q2 2021 Market Observations Report Genesis a large cryptocurrency lending and trading bureau has revealed that emerging currencies such as Ethereum and defi tokens have grabbed a significant share of the market. These currencies have taken a huge chunk of interest away from bitcoin which has traditionally been the go to cryptocurrency for institutional investors according to Genesis.

Bitcoin trade accounted for nearly 47 percent of all transactions on Genesis' platform according to the research. However this is a significant decrease from the 80% market share bitcoin held in Q2 2020. The majority of bitcoin's market share was lost to ethereum which accounted for 25% of all volume exchanged over the same time period.
 
Indeed ethereum and Defi projects have performed really well in 2021 . The Defi projects were able to grow this far because they were built in ethereum network and thus they grew together
 
Indeed ethereum and Defi projects have performed really well in 2021 . The Defi projects were able to grow this far because they were built in ethereum network and thus they grew together
I guess the defi project on bep 20 network is even better successful. Those defi coins are better performing than Etherum ones.
 
I guess the defi project on bep 20 network is even better successful. Those defi coins are better performing than Etherum ones.
It is due to the fact that the gas fee there is quite smaller as compared to what we witness in ethereum network , however people still use the ethereum based defi network .
 
Bitcoin Is Still better has the Ability to bounce from situations , has lower fees than Ethereum , is stabler than Ethereum , has more users interested in it
 

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