As DeFi Grows, Investors Look to Polkadot to Be the Next Ethereum

As DeFi Grows, Investors Look to Polkadot to Be the Next Ethereum


Look no further than the rapid growth this year in the white-hot arena of decentralized finance, or DeFi, and it’s clear why the Ethereum blockchain is dominating so many conversations right now in the digital-asset industry. 

The second-largest blockchain’s native cryptocurrency, ether (ETH), is up 266% this year – twice as much as mooning bitcoin (BTC). 

But a lot of savvy digital-asset investors are hedging their bets, buying tokens associated with upstart blockchains that could potentially grab market share from the Ethereum network, often referred to as a “world computer” due to its versatility and programmability. 

One such token is dot (DOT), of the Polkadot blockchain, whose co-founder Gavin Wood was a co-founder of Ethereum. Wood wrote the original project white paper for Polkadot in 2016, just a year after the Ethereum network launched. 

Since going live in mid-August on exchanges after the Polkadot network performed a 100:1 split, the dot

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