DefineDeFiWeb3 Glossary

DeFi (Decentralized Finance)

A new way to do banking without banks. You can borrow, lend, trade, and invest using apps on the internet that nobody owns or controls.

Example

Borrowing money using Aave without needing credit checks or bank approval - you just put up some crypto as a guarantee.

Related Terms

Core Concepts

πŸ“ŠKey Numbers

$80B+
Total Value Locked
across all DeFi protocols
1M+
Daily Users
unique wallets interacting
4,000+
Protocols
DeFi apps on Ethereum alone
100%
24/7 Uptime
no banking hours

❓Frequently Asked Questions

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