Decentralized Finance (DeFi) is a set of financial applications built on blockchain technology, particularly the Ethereum network. DeFi enables financial services such as lending, trading, and insurance through smart contracts, eliminating the need for intermediaries. This decentralized financial system not only improves the transparency and accessibility of financial services but also reduces many of the fees and barriers present in traditional finance. Ethereum provides the powerful infrastructure for DeFi, making it a crucial part of blockchain technology applications.

Decentralized Finance (DeFi) is a set of financial applications built on blockchain technology, particularly the Ethereum network. DeFi enables financial services such as lending, trading, and insurance through smart contracts, eliminating the need for intermediaries. This decentralized financial system not only improves the transparency and accessibility of financial services but also reduces many of the fees and barriers present in traditional finance. Ethereum provides the powerful infrastructure for DeFi, making it a crucial part of blockchain technology applications.