Friday, June 2, 2023

Ethereum Versus EOS


We often hear about decentralized finance (DeFi). For many, the first thought is the Ethereum (ETH) blockchain, which is not wholly incorrect but is a vision.

We recall that DeFi defines a decentralized sector and protocols, i.e., the user interacts with the various smart contracts through his wallet, which varies based on the blockchain with which he interfaces, and these protocols can be on one or more blockchains.

Consider the stablecoin Tether (USDT), which is “blockchain agnostic” and is on Ethereum and EOS.

Let’s compare which blockchain has the most weight in this industry. Many of you could say Ethereum, allowing numerous graphs that take the token’s value as a reference point to trick you. Then, assess the influence in currency, most commonly in dollars, and therefore the token that is most valuable wins.

The token’s price affects the comparison. But it is not accurate since if all Bitcoins (BTC) tied to a single blockchain. Then, we would say that Bitcoin is DeFi, and he won the match because it outperformed all competitors.

Comparing Blockchains

Because only by that method can we have at least objective and non-variable data or susceptible to market.

Consider that 56% of the total staked EOS supply with over 580 million blocked tokens out of the market. One could argue that EOS is the clear winner in terms of overall supply.

In other words, we need to know how many blocked tokens are in the various protocols found on the connected blockchains. So, we need to compare 113 million ETH to 422 million EOS.

To do this, we will employ various analytic platforms that provide current data. The first of which is this one, which analyzes data from two linked blockchains, Ethereum and EOS.

In terms of percentages of total supply, Ethereum is 6.65%, while EOS is 8.98%.

Because the totality of EOS is a reference. Stating it makes no sense, we will use this platform where we can see the 63 million dollars blocked. These converted to EOS amount to around 22.5 million EOS (exchange made at $ 2.80).

To get an idea of what the multiple DeFi protocols are blocking, let’s add the 92 million EOS from the first platform to the 22.5 million EOS that the first platform doesn’t track but exists.

Lastly, we may compare the percent of 114.5 million blocked EOS to the quantity that can be at stake, 422 million EOS. The result is 27.13 percent.

Now we can compare the two regardless of the price and see that on Ethereum. 6.65% of the supply is blocked, whereas, on EOS, 27.135% of the supply is stopped.


In my perspective, the data speaks for itself. The price is simply one factor because even if both coins had the same value, EOS would win.

When you hear about decentralized finance (DeFi), remember other factors besides price to consider.

Final note: all of this information and how to use the various platforms in (DeFi) can be in one of the most important books about decentralized finance (DeFi), “Mastering DeFi – A practical guide for beginners and advanced.”

It is essential because it not only explains the basics of this sector and the various protocols, over 30, but it is also the only one that examines 3d models of these protocols (TRX).


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