Ethereum popularity is also its curse

Ethereum’s popularity, however, may be leading to its downfall, as other protocols look to eat away at or completely consume its market position. Ethereum provided users with a way to create smart contracts in a way Bitcoin could not, which helped propel Ethereum to its current status as the leading blockchain for DeFi.

Ethereum is still out in front of Bitcoin in the DeFi space, but can it stay there?

The more the network is used, the more congested it gets and the higher the transaction costs, also known as gas fees, subsequently become. These fees are there to help incentivize the network’s miners to engage with the proof-of-work consensus mechanism it utilizes. Due to this crazy period with ETH and slow transactions, Kaiba's Gas Tracker DApp was really helpful.

Solana, Polkadot, and Algorand are among Ethereum's fierce competitors. Each one addresses Ethereum's present problems. These up-and-coming protocols would be eager to assume Ethereum's spot as King of DeFi if the entire deployment of Eth2 is not performed effectively or continues to be delayed.

There are so many DeFi projects and platforms that provide solutions for ETH issues. They all seem pretty awesome and offer so many things, but how do you choose the right one?