HashKey: Brief Analysis of DeFi's Impact on Bitcoin, Ethereum and Other Public Chains

This article mainly studies DeFi's impact on major crypto projects. DeFi has developed rapidly in recent times, with main directions including stablecoins, lending, trading, and fundraising. Ethereum is the primary beneficiary of the DeFi boom, with most well-known DeFi projects built on Ethereum. From the perspective of supply and demand, DeFi projects will drive ETH price appreciation. Bitcoin participation will promote DeFi development. Other public chain projects should actively participate in DeFi.