DeFiBreakdown 9 - #EVM & #DeFi
EVM is essential to Ethereum's ecosystem as it allows for smart contract creation, supporting DeFi protocols & Dapps.
While Ethereum is proven to be superior in some cases, it still has some drawbacks with scalability & gas fees.
EVM compatibility, hence, is a good stepping-stone. It serves as one of the most crucial factors for gaining user adoption & expanding the developer community,
offering users more choices of networks with their own preference for speed & gas fee efficiency and strengthening the possibilities of interoperability & scalability.
Essentially, EVM enables developers to create applications tailored to specific decentralized financial needs, making significant contributions to #DeFi expansion. Beyond Ethereum, the EVM is also integral to decentralized finance across various blockchain ecosystems as a whole.
