- Ethereum
- Cardano
- Polkadot
- Tezos
- Algorand
Ethereum
Ethereum is the leading smart contract platform for DeFi, known for its robust ecosystem and wide adoption. However, it faces scalability issues and high gas fees.
Cardano
Cardano is a promising smart contract platform with a focus on scalability and sustainability. Its unique consensus mechanism and governance model make it a strong contender for DeFi applications.
Polkadot
Polkadot offers interoperability and scalability, allowing different blockchains to connect and share information. Its parachain architecture provides a flexible and customizable environment for DeFi projects.
Tezos
Tezos is known for its on-chain governance and self-amendment capabilities, making it a secure and upgradable platform for DeFi applications. It also emphasizes formal verification for smart contracts.
Algorand
Algorand boasts high transaction speeds and low fees, making it an attractive option for DeFi projects. Its pure proof-of-stake consensus algorithm ensures security and decentralization.