Decentralized finance (DeFi) is changing people’s attitudes around money worldwide. Historically, banks have controlled the way we access money. However, DeFi platforms are now facing threats to banks’ monopoly.
In 2021, the DeFi ecosystem has seen a massive increase in volume, where more participants enter the market and more sophisticated financial instruments are developed. According to DeFillama, the DeFi TVL has grown more than 130% since January. Look at this chart:
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