Coz there is no new projects launched on chain. Just few existing defi projects which are not that great. It will only increase when projects like Aave, Sushi, Firefly etc launch or other new project start which will take some time till then there is nothing to do except staking
Why would AAVE, Compound, Maker go to a small L1 like Moonbeam? The narrative is all about L2 and eth as a relaychain. No hype on Polkadot. So, why should they go from the Champions League to play in 3rd division?
Blockchain is going multi chain in case you haven’t noticed. Every protocol (e.g : AAVE, COMP etc) would be on multiple L1s going forwards. so it’s natural that they would implement on GLMR when they venture into Polkadot. All the L1s are part of champions league. Only polygon (L2), ADA and similar others are playing in 3rd division.
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