DeFi is the abbreviation of decentralized and finance. They are decentralized financial systems.It is a blockchain-based system that enables applications ranging from cryptocurrencies to financial services. Thanks to DeFi, two parties can interact without any intermediaries. Why is DeFi Important Read More
By early 2021, the vast majority of assets held in DeFi applications were on the Ethereum network. However, a recent study published by JPMorgan shows that the share of DeFi applications using Ethereum has fallen to 70% by the end of 2021. Now the number of networks such as Terra, Avalanche, Binance Smart Chain and Solana that work with Proof of Stake and do almost the same job as Ethereum is growing. In addition, these networks do the same job that Ethereum does both faster and cheaper.
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