#CryptoFees101 Crypto DeFi" and "NFTs" are both major trends in the blockchain space, but they serve very different purposes. Here's a breakdown to clarify the comparison:
š¹ DeFi (Decentralized Finance)
Purpose:
Replaces traditional financial services (like banking, lending, and trading) with decentralized blockchain-based protocols.
Key Features:
Smart contracts on blockchains like Ethereum automate financial operation
DeFi (Decentralized Finance)
Purpose:
Replaces traditional financial services (like banking, lending, and trading) with decentralized blockchain-based protocols.
Key Features:
Smart contracts on blockchains like Ethereum automate financial operations.
Lending & Borrowing: Platforms like Aave, Compound let users lend or borrow crypto.
