The DeFi market has picked up where it left last year, scaling even to greater heights in 2021. There is over $37 billion in total value locked (TVL) on Ethereum, and this figure is expected to continue rising. The explosive growth has seen some developers within the space abandon the core aspect of DeFi, which is decentralization, as they move quickly to cash in the ongoing buzz. DeFi strives to decentralize various aspects of traditional finance, thereby making services such as credit, insurance, and more available to everyone within the society.
Read the full article here: