What Happened to EOS? — Blockchain Supposed to Kill Ethereum
In 2018, EOS raised $4.2 billion USD in its initial coin offering (ICO) — the largest token sale ever!
The company promised to build a more scalable and efficient blockchain than Ethereum.
However, four years later, EOS is far away from Killing Ethereum.
EOS is a failure (as it stands today)
The total value locked (TVL) on EOS is currently stats at $89 million — a mere 0.18% of the TVL on Ethereum.
There are only 21 DeFi apps (dApps )registered on DefiLlama and just five dApps with more than $1 million in deposits.