How much money is flowing through Defi?

So far tens of billions of dollars worth of crypto has flowed through DeFi applications and it's growing every day. What's DeFi? DeFi is a collective term for financial products and services that are accessible to anyone who can use Ethereum – anyone with an internet connection.

Will Defi expand to other blockchains?

Second, DeFi will expand to other blockchains. Once the domain of Ethereum, other blockchains are eying up DeFi. Huobi, Conflux, Binance and others are all launching incubators and platforms for DeFi projects, many of which have no connection to Ethereum. Third, DeFi will interact with centralized finance.

What is defi and how does it work?

DeFi is underpinned by advanced distributed ledger technology (DLT) - or blockchain - that aims to disrupt the current financial order and allow for a more transparent and equitable financial system.

How can I see the potential of Defi?

One of the best ways to see the potential of DeFi is to understand the problems that exist today. Some people aren't granted access to set up a bank account or use financial services. Lack of access to financial services can prevent people from being employable. Financial services can block you from getting paid.