Ethereum, the leading smart contract platform, serves as the infrastructure backbone for numerous popular projects . But how are these categories faring within the ecosystem and what is the relationship between Ethereum’s price performance and that of altcoins on the network? Will this dynamic shift in the future?
Growing Popularity of DeFi and GameFi Sectors on Ethereum
According to Glassnode the Decentralized Finance (DeFi) and GameFi sectors operating on the Ethereum blockchain are experiencing increasing popularity . However the growth of these industries has not fully lived up to the initial hype as it is revealed by the data . Native token valuations which are associated with these projects have faced similar challenges . Nevertheless Ethereum, as the largest smart contract platform continues to forge ahead as the computer of the internet .
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