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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...
Anyone keeping an eye on the blockchain sector will know that the field of Decentralized Finance, commonly known as DeFi, is growing at a rapid pace. More and more banks and institutes are kickstarting Decentralized Finance projects in order to remain competitive and evolve their businesses. As such, it can be hard to keep track of the growing list of DeFi projects.
This article aims to go through some of the most popular DeFi initiatives currently in the works. However, before listing and going through some of the existing DeFi projects, we are going to explain what Decentralized Finance is and why this technology is emerging as one of the hottest blockchain trends in 2020.
One of the essential characteristics of Decentralized Finance is that this technology seeks to eliminate the middleman from traditional financial processes. The intermediaries in the case of traditional finance are often banks and other financial institutes such as...