Decentralized finance has been extremely popular in the past two years. Essentially, it involves using smart contracts to bring banking activities such as lending, trading, and wealth management onto the blockchain. No banks, no intermediaries are needed; users can directly collateralize their crypto assets to borrow or participate in liquidity mining to earn yields.

What is the biggest advantage of this model? Inclusivity and globalization. Wherever you are, as long as you have a wallet, you can participate, without being restricted by geographic location or traditional financial systems. Currently, the total value locked (TVL) in the DeFi market has exceeded one hundred billion dollars, which itself indicates the market's high level of activity.

ETH, as the mainstream choice in the DeFi ecosystem, along with tokens like BNB and XRP, also play important roles within their respective application ecosystems. The widespread adoption of these financial services has, to some extent, changed people's understanding of traditional finance.