With a growing set of Layer 1 networks and Layer 2 side chain protocols the future of DeFi is cross-chain that will be bridging different networks and bringing DeFi to the masses. Some examples are Arbitrum, BSC (Binance Smart Chain) and Matic (Polygon). They are side-chains, layer two protocols, sharding or parachains or EVM (Ethereum Virtual Machine) compatible blockchain that are mainly designed to provide scaling solutions. While these are building a parallel DeFi ecosystem to Ethereum there is also an increase in the number of new blockchains being launched. While Ethereum is the dominant blockchain for DeFi (Decentralized Finance) economy there are also many other chains building and developing competitive DeFi systems today such as: Algorand, Avalanche, Cosmos, Polkadot, Tezos, Solana etc.
There is a lot of innovation happening in the Crypto / DeFi space.
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