DeFi (decentralized finance) is a financial system based on blockchain technology that aims to provide users with more open, transparent, and secure financial services. The DeFi ecosystem consists of various applications that involve digital currency trading, lending, derivatives, and more.#defi

Digital currency trading is one of the most common applications in the DeFi ecosystem. Through the use of decentralized exchanges (DEX), users can engage in peer-to-peer digital asset trading without the need to trust third-party institutions or pay high fees. Moreover, decentralized exchanges have higher security as they do not store users' private keys and passwords.