-Historical Context: Until recently, the vast majority of DeFi's TVL (Total Value Locked) was confined within Ethereum's Layer 1. However, as of February 2024, this dominance has begun to wane with the rise of Layer 2 solutions like Arbitrum, standalone- #BTC DeFi##ETH
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The Evolution of DeFi:
-Historical Context: Until recently, the vast majority of DeFi's TVL (Total Value Locked) was confined within Ethereum's Layer 1. However, as of February 2024, this dominance has begun to wane with the rise of Layer 2 solutions like Arbitrum, standalone-
#BTC DeFi##ETH