DeFi (Decentralized Finance)
DeFiUpdated: October 15, 2025
Also known as: Decentralized Finance, DeFi
Financial systems built on blockchain that operate without intermediaries like banks
Financial systems built on blockchain that operate without intermediaries like banks.
DeFi encompasses a wide range of financial applications including lending, borrowing, trading, and investing that are built on blockchain networks. These protocols use smart contracts to automate financial services traditionally provided by banks and brokerages.