DeFi Cannibalizes Ethereum Block Space
Analysis of Ethereum network activity reveals an increase in complex transactions associated with DeFi. Data published by Ganesh Swami, the co-founder of Ethereum (ETH) analysis firm, Covalent, indicates that decentralized finance, or DeFi, transactions are representing an increasing share of Ethereum block space at the expense of ETH transfers. Swami analyzed the gas costs incurred…
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