DeFi – decentralized finance
Less jaded and cynical crypto users saw this coming. Although it is tempting to frame this awesome growth as a bubble reminiscent of the ICO craze, with its many fraudulent and empty whitepaper projects, DeFi is its own thing. Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies laid the groundwork for transforming our perspective on the meaning of money. Underpinned by the internet and powered by blockchain, cryptocurrencies have value because they are not under the auspices of central bodies, left to be manipulated as central banks see fit.