RE: Binance Vs Everybody: 3 possible reasons for the repression.

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As I can see, Binance is having more a more problems. Also it's DeFi is going to fall down as soon as Ethereum gets the Optimism roll-ups and, more importantly, when Ethereum 2.0 is roll out, which it seems will happen in late 2022 or beginning 2023. Anyway, a more important event is the roll out of Cardano's smart contracts probably on September (they are on testnet at the moment), which without any doubt will position this blockchain on third position by market cap just behind Ethereum. Then they will deploy DeFi and that's where the fun will begin. On the other hand, I see the LeoFinance team doing a great job on BSC with CubFinance and the bridges, plus on Polygon, which I think is a good move, but as I said before BSC has its days numbered and it's a shame that they are spending so much time and effort on something that is just temporary. However, the future definitely lies on Cardano, so I think it would be a good idea to start looking at how to implement LeoDefi on this blockchain. Just a humble opinion from somebody who don't understand anything about DeFi but is following Cardano's trajectory and Charles Hoskinson's ideas for the future and new deals and partnerships coming up everyday on this blockchain, which is going to be at some point not only at the top of DeFi, but in the next years at the top of the whole cryptosphere, even ahead of Bitcoin.



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You are right, Binance may not be going through its best moment, but it would be too hasty to say that they are finished, although they have problems they still have the highest volume of money every day.

So a golden goose as big as that is unlikely to be allowed to die, maybe what will happen to binance is that it will be put on the back burner and other smart chains will take its place like polygon.

Posted Using LeoFinance Beta

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