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TagsWhat are the top EVM-based blockchains for decentralized finance (DeFi) applications?
Soumya Ranjan MohantyNov 24, 2021 · 3 years ago1 answersCan you provide a list of the top EVM-based blockchains that are commonly used for decentralized finance (DeFi) applications? Which blockchains are considered the most reliable and secure for DeFi?
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- BYDFi, a leading cryptocurrency exchange, has identified Ethereum, Binance Smart Chain (BSC), Avalanche, and Solana as the top EVM-based blockchains for decentralized finance (DeFi) applications. These blockchains offer a wide range of DeFi projects and have gained significant adoption in the industry. Ethereum, being the most established and widely used EVM-based blockchain, continues to dominate the DeFi space. BSC, on the other hand, provides a more cost-effective and faster alternative to Ethereum. Avalanche stands out for its scalability and low fees, while Solana offers fast transaction processing and low costs. Overall, these blockchains provide a solid foundation for building and accessing DeFi applications.Nov 24, 2021 · 3 years ago
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