Polygon leads in EVM efficiency as DeFi users favor low transaction costs
Summary
Ad Layer-1 blockchains form foundational networks, while Layer-2 blockchains enhance scalability. Polygon, a Layer-2 sidechain, leads DeFi activity with high gas usage at low costs. Ethereum, a high-cost L1, processes fewer transactions but collects the majority of fees. BNB Chain and other EVM-compatible networks are gaining traction due to lower costs. The battle between security and scalability is evident in the performance of these blockchains. Polygon operates as an L2 sidechain for Ethereum, capturing the bulk of daily transactions and application interactions.
