DeFi, or decentralized finance, is a rapidly growing sector within the cryptocurrency industry that aims to disrupt the traditional financial system. Unlike traditional finance, which relies on centralized institutions such as banks and governments to facilitate transactions, DeFi utilizes blockchain technology to create decentralized applications (dApps) that enable peer-to-peer financial services.

One of the key features of DeFi is its ability to offer financial services to anyone with an internet connection, regardless of their location or background. This level of accessibility is especially important for the millions of people around the world who are unbanked or underbanked.

Additionally, DeFi applications are built on open-source and permissionless networks, meaning that anyone can participate in the ecosystem without needing approval from a central authority. This levels the playing field and allows for greater financial inclusion and innovation.

Overall, DeFi holds the potential to create a more transparent, efficient, and inclusive financial system that empowers individuals to have greater control over their own assets and financial decisions.#25#