# Decentralized Finance

*DeFi*

By [DrFaust](https://paragraph.com/@drfaust) · 2024-04-21

ether, eth, defi, ethereum

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Ethereum has emerged as the leading platform for decentralized finance (DeFi) applications, which seek to recreate traditional financial services such as lending, borrowing, and trading in a decentralized manner. DeFi protocols built on Ethereum have seen explosive growth, with billions of dollars in total value locked (TVL) within these protocols.

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*Originally published on [DrFaust](https://paragraph.com/@drfaust/decentralized-finance)*