Decentralized Finance (“DeFi”) apps are financial applications that run as smart contracts on blockchain networks such as Ethereum and Solana. They are a subset of Decentralized Applications (DApps). Unlike traditional financial applications managed by banks and investment firms, DeFi uses automated, decentralized code to support and execute peer-to-peer financial transactions. DeFi apps transact in popular cryptocurrencies including Bitcoin, Ethereum, and stablecoins, with some DeFi apps...
