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A Comprehensive Interpretation of the Current State of DeFi Development: Aave and Lido Become the Highest TVL Protocols, Solana Ranks as the Second Largest Public Chain
Author: A Fox in Web3, Crypto KOL
Compiled by: Felix, PANews (this article has been edited)
Decentralized Finance (DeFi) is often compared to traditional finance (TradFi) and has become a vast and exponentially growing field within Web3. The goal of DeFi aligns closely with the often-heard phrase in the crypto space of 'providing banking services to the unbanked.'
The promise of providing global financial services without banks is a noble goal, and much of Web3's appeal stems from this. This article aims to reflect on the development of DeFi over the past year from today's perspective.
Compiled by: Felix, PANews (this article has been edited)
Decentralized Finance (DeFi) is often compared to traditional finance (TradFi) and has become a vast and exponentially growing field within Web3. The goal of DeFi aligns closely with the often-heard phrase in the crypto space of 'providing banking services to the unbanked.'
The promise of providing global financial services without banks is a noble goal, and much of Web3's appeal stems from this. This article aims to reflect on the development of DeFi over the past year from today's perspective.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
