Cardano’s DeFi Will Scale To Millions Of Users And Become Superior To Ethereum

Cardano keeps making headlines due to various important achievements and especially to amazingly bold plans that the team reveals.

Cardano vs. Ethereum – the DeFi competition

In a recent interview, Nicolás Arqueros, CTO at Emurgo, made sure to address the extent to which the Cardano blockchain will establish its own DeFi ecosystem in competition with Ethereum.

Crypto News Flash notes that as CNF reported, with the upcoming Goguen era, Cardano will be able to host a DeFi ecosystem.

It’s also important to mention the fact that Cardano’s Charles Hoskinson said that DeFi applications as a priority goal for 2021.

During the interview, he also pointed out the fact that he believes the current setback for the sector, with falling DeFi tokens prices and returns, is only temporary.

He said that it’s pretty common for new tech to “overheat too quickly and turn into a bubble.”

It’s also important to note that he referred to Amazon during the 2000s bubble and the current value of the company.

“But, for example, we have a bubble in the 2000s with all the tech companies, and we saw that Amazon was a bubble at that point. Yes, at that point, it was a bubble, but now the value and the price in the stock market even higher,” he said.

All in all, the main goal is to make Cardano superior to Ethereum.

We recommend that you check out the complete original article in order to learn all the available details on the matter.

Marlowe will bring DeFi to Cardano

Hoskinson retweeted a post from IOHK about Marlowe, and you can check it out below:

Stay tuned for more Cardano-related news.

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