It's permissionless access to financial markets that are guaranteed to remain running, and to operate according to the rules encoded in their smart contract, indefinitely.
Its properties make it enormously valuable for applications involving large numbers of people coordinating amongst each other.
Ethereum's DeFi has seen collateral increase from $750 million on April 1st to $2 billion today, so people are seeing utility in it.
Its properties make it enormously valuable for applications involving large numbers of people coordinating amongst each other.
Ethereum's DeFi has seen collateral increase from $750 million on April 1st to $2 billion today, so people are seeing utility in it.