#CryptoRoundTableRemarks DeFi – Revolutionizing the Traditional Financial System

DeFi (Decentralized Finance) is the booming trend in the crypto world. Unlike traditional banking systems that require intermediaries, DeFi allows users to conduct financial transactions directly on the blockchain. You can save, borrow, trade, or invest with just a crypto wallet and an internet connection. Notable platforms like Aave, Compound, and Uniswap have demonstrated the power and utility of DeFi. The strengths of DeFi include transparency, global accessibility, and reduced transaction costs. However, DeFi also comes with risks such as smart contract vulnerabilities, market volatility, and security issues. Nevertheless, experts believe that DeFi will continue to play an important role in the future of finance.