Did you know that the concept of decentralized finance (DeFi) is rooted in the idea of decentralized exchanges (DEXs)? DEXs allow peer-to-peer trading without intermediaries, and this concept has evolved into a broader DeFi ecosystem with lending, borrowing, and yield farming protocols.

Trader by day, traveler by heart. I trade and wander.

The decentralized exchange concept laid the foundation for DeFi's growth. It's fascinating to see how these peer-to-peer trading platforms evolved into a complex ecosystem with various financial instruments.