RE: Who recovered the most since the latest DeFi Peak? BSC vs ETH
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Ethereum users may have a lot of sunk cost. It is costly to do any action within Ethereum without spending a lot. On the other hand Ethereum is the more decentralized blockchain. That is extremely important to a lot of people.
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Hello there @vimukthi,
I agree with the sunk costs when fees where c.50$ to do anything.
As they came down to the lowest in years, people still did not move their assets, quite the opposite, people pulled more into ETH DeFi.
Concerning, the 2nd point I believe it is why it will always be hard to compete with ETH. This is the most decentralized AND innovative chains. Basically all the other ones are copying.
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Let's not forget the largest DAPP development ecosystem.
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