The Ultimate Arbitrum Wallet Review [For 2025]
DeFi (decentralized finance) is one of the biggest trends in the blockchain industry, and many believe it will overtake the traditional finance world. DeFi apps (DApps) powered by smart contracts allow for permissionless financial operations such as efficient stablecoin trading, decentralized lending or Yield Farming, DEX (Decentralized exchanges), DeFi insurance, liquidity mining, etc., to be conducted within a peer-to-peer network without the need for intermediaries. This entire DeFi ecosystem is mainly built on the Ethereum blockchain, which processes trillions in transactions annually, powers almost 3,000 DApps, and has around $107 billion in total value locked (TVL). Ethereum's exponential growth brings about scalability issues, and it seems that even Ethereum 2.0 won’t be scalable enough long-term. Since the Ethereum network is limited to 15 transactions per second, and the number of transactions increases, transaction times and gas fees end up rising at times of network congestion.
