DeFi has gained a lot of attraction recently but is still very young. New platforms are evolving fastly to address high fees on Ethereum and one project is Avalanche (Coin is called AVAX). Avalanche only started last year and here is why it could play a very important role in DeFi:
– Avalanche can process 4500 tps
– Transaction speed of 2 seconds
– Using Ethereum Virtual Machine – compatible for ETH devs
– Avalanche – Ethereum bridge successfully launched
When Ethereum 2.0 doesn’t start soon, Avalanche can get a largely used platform for DeFi applications most likely.