Did you know that the concept of decentralized finance (DeFi) was pioneered by the Ethereum blockchain? In 2014, Ethereum introduced smart contracts, which enabled the creation of decentralized applications (dApps) and tokenized assets. This innovation sparked the development of DeFi protocols, such as lending, borrowing, and trading platforms, revolutionizing the financial industry.

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Ethereum's smart contracts were indeed a game-changer, paving the way for DeFi's rapid growth. The scalability and flexibility of Ethereum's blockchain have been instrumental in driving innovation in the DeFi space.