This year, some of the biggest developments in the cryptocurrency industry have been due to the uptick in decentralized finance (DeFi) platforms, offering many of the same services as the legacy financial institutions, but on-chain. This is why we are now breaking down the top 10 DeFi platforms according to the Defi Pulse listing.

There have been countless projects, some with huge success and popularity from users. In this article, we have collated the top 10 DeFi platforms as of the time of writing, from DeFi Pulse - the best place for tracking DeFi analytics and key metrics.

We have described a brief overview and background in addition to the services the platform provides. Moreover, welcome to Ivan on Tech Academy - the best place to learn about all things blockchain and crypto, and keeping up-to-date with the latest developments in the space.

In addition to the top 10 DeFi platforms that are hot right now, this also includes countless blockchain and cryptocurrency courses. Check...

Several people in the DeFi space have been asking the same question for the last few months; what is Compound? In essence, Compound is an Ethereum money market protocol, which allows lenders to provide loans and borrowers to take out loans. Moreover, the reason behind Compound’s spectacular rise in popularity is pretty apparent.

For a long time, people thought that Maker’s lead at the top of the DeFi list of projects was unassailable. However, Compound, seemingly out of nowhere, has since taken the lead and now rules the roost when it comes to DeFi. So, in this article, let’s examine what Compound is and what it does. 

Before getting into Compound, however, let’s understand what a DeFi project, or decentralized finance, is. This is especially important seeing as analysts predict that the DeFi space will see huge growth in the coming years.

What is DeFi?

DeFi or “decentralized finance” is an all-encompassing term that refers to the...