About This Trend
DeFi (Decentralized Finance) refers to a system of financial applications and services built on blockchain technology, aiming to provide open and accessible financial solutions without traditional intermediaries.
DeFi is currently trending due to significant developments, including the passage of the DeFi Broker CRA by the U.S. House, which impacts regulations on decentralized digital asset entities, and increased scrutiny from the EU leading to crypto exchanges suspending DeFi services. Additionally, advancements in blockchain technology and institutional adoption of DeFi protocols are driving ongoing interest and innovation in the space.