Crypto Currency Market has expanded significantly with the rise of decentralized finance (DeFi). DeFi platforms use blockchain technology and smart contracts to offer financial services without traditional intermediaries like banks or brokers.
Users can lend, borrow, trade, and earn interest on digital assets through decentralized applications (dApps). These platforms operate transparently on blockchain networks, enabling automated and trustless transactions.
Yield farming and liquidity mining have attracted investors seeking higher returns compared to conventional financial instruments. However, smart contract vulnerabilities and project risks must be carefully evaluated.
Innovation extends beyond DeFi to non-fungible tokens (NFTs), tokenized real-world assets, and decentralized autonomous organizations (DAOs). These developments demonstrate the expanding utility of blockchain technology beyond simple currency transactions.
