Ethereum is the most popular blockchain for building DAPPs or decentralized applications. There have been numerous so-called Ethereum killers but the blockchain has remained a favourite for the developers due to its high composability. DeFi or decentralized finance originated on Ethereum and till now majority DeFi activity is taking place on this blockchain only. The growth of DeFi has been really exponential post-pandemic and people are really loving to take part in the lending-borrowing activity without the intervention of a third party. The problem is that DeFi has made the blockchain overloaded. Ethereum is facing terribly high congestion for the last few months and transaction fees have skyrocketed. Crypto Twitter is flooded with frustrated users complaining about paying astronomical fees for doing a $20 swap over DeFi platforms. The base layer scalability of Ethereum is a distant game but the Ethereum developers are working on some major EIPs or Ethereum Improvement Proposals to address various issues.
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