kaal:claim:3606663-028

DeFi's decentralization remains theoretical in one important respect: as of the early 2020s DeFi is still largely relegated to one dominant platform, with 87 percent of all publicly funded DeFi projects built on Ethereum.

Source quote, verbatim

At the beginning of the 2020s, DeFi is still largely relegated to the use of one dominant platform. 87% of all publicly funded DeFi projects have been built on Ethereum.

From

Kaal, Digital Asset Market Evolution (2020), (1) Decentralization, p. 63
https://ssrn.com/abstract=3606663 · source PDF

Cite as

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

Holds when

publicly funded DeFi projects
beginning of the 2020s

Classification

empiricalsupport: evidencedfailure: single platform dependence in DeFifamily: recentralization-driftdefidecentralization

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