Too Long; Didn't Read
Decentralized finance, or DeFi, is one of the most transparent forms of modern finance. Up to 90% of DeFi still hinging on the Ethereum network, according to estimations of the largest projects and the value locked within them. DeFi projects have a total market cap of $125B; among the top 10 projects, there are alternative networks already taking a significant chunk out of the DeFi market. Alternative networks like Terra (LUNA) and THORChain (RUNE), and Solana (SOL) are starting with the idea of a whole new ecosystem for staking.