However, today most of the DeFi transactions are handled on the Ethereum network. This has led to an increased congestion in the network, which has made transactions on Ethereum slow and expensive, investors and traders across the world have found themselves having to pay upwards of $50 in gas fees (or more) just to make a single transaction. Moreover, many of the exchanges suffer from low liquidity levels, low volume, inefficient slow transactions duration, and poor user experience.[2]