# Decentralized Finance

> DeFi

**Published by:** [DrFaust](https://paragraph.com/@drfaust/)
**Published on:** 2024-04-21
**Categories:** ether, eth, defi, ethereum
**URL:** https://paragraph.com/@drfaust/decentralized-finance

## Content

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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