Exploring Layer 2 Solutions and Scalability in DeFi
Introduction Decentralized Finance (DeFi) has emerged as one of the most transformative applications of blockchain technology. It promises to revolutionize traditional financial systems by providing open, permissionless, and transparent financial services. However, as DeFi continues to gain popularity, it faces a critical challenge – scalability. The Ethereum network, which hosts the majority of DeFi applications,…