Are emerging markets missing out on DeFi due to gas fees?

Cointelegraph

Published Mar 25, 2021 12:24AM ET

Updated Mar 25, 2021 02:00AM ET

Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as little 10% of visitors engaging with the top DeFi DApps.

Proponents have long hoped crypto and DeFi would allow citizens around the world a means to circumvent the barriers created by economic underdevelopment, however the data suggest users from the world’s largest economies dominate the DeFi rankings by online traffic.

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