We appreciate your visit to According to the graph on slide 6 regarding Value Locked of DeFi by BlockChain Ethereum is the most commonly used BlockChain for DeFi platforms True. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
Without having the specific graph, it's impossible to definitively confirm, but generally Ethereum is one of the most commonly used BlockChains for DeFi platforms. The Value Locked of DeFi is a metric representing the amount of assets staked in a specific DeFi platform.
Explanation:
The statement in your question is subjective and depends on the specific graph you're referring to on slide 6. Generally, Ethereum is indeed one of the most commonly used BlockChains for DeFi platforms as it's known for its smart contract capabilities that drive the majority of DeFi applications. However, without seeing the specific graph, it's impossible to definitively confirm this.
Value Locked of DeFi is a metric that represents the amount of assets staked in a specific DeFi platform, it is frequently used to assess the success and adoption of DeFi platforms.
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