Transactions on UTXO chains are "atomic" (they don't depend on each other), so validating them in parallel is almost trivial. Ethereum's premise of having "global state" is a REALLY tough starting point for parallelization.
With covenants and native tokens, UTXO DeFi can technically do 99.9% of what the EVM is used for, but there's very few chains investing the time and effort to bring smart UTXO tech up to speed with established EVM infrastructure. The few that are could have a massive scaling advantage in the long term though, IMO.
What's your favorite UTXO chain? What's its biggest "DeFi" app?
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