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Ethereum claims DeFi crown with 9x TVL share of next-largest L1 ecosystem - Cryptopolitan

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TL;DR:

Ethereum claims DeFi crown with 9x TVL share of next-largest L1 ecosystem Cryptopolitan

Key Points:

  • Ethereum claims DeFi crown with 9x TVL share of next-largest L1 ecosystem - Cryptopolitan
  • Involves ETH cryptocurrency

    • Background:

    Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.

    Why It Matters:

    DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.

    Ethereum claims DeFi crown with 9x TVL share of next-larg... | NewsCR