Domestic Blockchain DeFi Dilemma

In a rush to catch up, domestic blockchains are still trying to board the DeFi train. Since mid-August, several major blockchains with Chinese backing have successively announced their DeFi layout plans. Quantum (QTUM) is implementing Ethereum Virtual Machine (EVM) to bridge connections with Ethereum; Gxchain (GXChain) bridges Ethereum through cross-chain technology, with GXC already listed on Uniswap. NEO is building its own ecosystem, with the NEO-based DeFi application Flamingo expected to launch soon.