blockchain
Decentralized Finance: Data‑Driven Analysis of the New Frontier in Financial Services
Decentralized finance (DeFi) replaces traditional intermediaries with smart contracts on public blockchains, enabling anyone with an internet connection to access lending, trading, and payment services. By removing banks, DeFi opens financial inclusion to under-banked populations while maintaining programmable trust. 2023 saw more than 200 active DeFi protocols and a total