DeFi refers to a movement that aims to decentralize traditional financial services by leveraging blockchain technology. Unlike traditional finance, which relies on centralized institutions such as banks, DeFi operates on a peer-to-peer network of smart contracts that automate transactions without the need for intermediaries. This results in lower fees, faster transactions, and increased accessibility for individuals who may not have access to traditional banking services. DeFi also allows users to earn interest on their cryptocurrency holdings through lending and borrowing protocols, as well as participate in decentralized exchanges for trading digital assets. While DeFi is still in its early stages, it has the potential to revolutionize the financial industry by providing financial services to underserved populations and reducing the reliance on centralized institutions. As more people become aware of the benefits of DeFi, the movement is expected to continue growing and evolving in the years to come.#25#