Smart contracts are some of the most fascinating and important inventions at blockchain developers' disposal. Essentially, smart contracts allow programmers to develop self-executing code that can be used in several fields such as decentralized finance (DeFi). This technology has the potential to save a huge amount of money for businesses and organizations all over the globe. As this technology has vast potential, several smart contract platforms compete in order to offer developers the best tools.
Anyone familiar with the cryptocurrency industry will know that the Decentralized Finance (DeFi) field is growing at a tremendous rate. In fact, during 2020, DeFi was one of the single hottest trends in the crypto world. DeFi is revolutionizing the financial industry, and it is all possible due to blockchain technology. The dominant platform when it comes to DeFi has always been Ethereum - however, there is no guarantee that Ethereum-based DeFi solutions and dApps will keep dominating this field.