Decentralized Finance (DeFi) exploded onto the crypto scene, promising to revolutionize traditional finance. From lending and borrowing to trading and derivatives, DeFi protocols blossomed, offering unprecedented access and transparency. While challenges remain, DeFi continues to evolve, shaping the future of finance.
Key takeaways:
* Decentralization: Power shifting from intermediaries to users.
* Innovation: New financial products and services are emerging rapidly.
* Transparency: On-chain data provides unprecedented visibility.