Ethereum Has Dominated The “Scaling War”, But Can It Sustain Its Edge?

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In the daily chart, Ethereum (ETH) has the biggest gains on the crypto top 10 by market cap. At the time of writing, ETH is trading at $2.433,80 with a 12.7% profit in the past day and 5.6% in a week. In contrast, Bitcoin (BTC) has a 1.6% profit in the same period. ETH with important gains in the daily chart. Source: ETHUSD Tradingview ETH has dominated many areas of the crypto space as a report by Wilson Withiam, a researcher at Messari, indicates. Since the beginning of 2020, there has been an increase in the demand for decentralized finance (DeFi) applications. In Q1, 2021, the total value locked for DeFi protocols has seen a 200% rise and stands at $58 billion, according to DeFi Pulse data. ETH has reigned on top of this sector. The Quarterly Layer-1 Market Capitalization indicates that DeFi demands as “spilled over to networks outside”…

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