Decentralized finance (DeFi) is taking its place in finance with the help of Blockchain platforms like Ethereum. Because of this, anyone can opt for monetary transactions without the need for intermediaries. This is way different than what conventional financing rules demand, which is a centralised system, where people have to get financial services through banks and brokerages. And it seems that Ethereum is leading the charge when it comes to giving DeFi the needed support to become more mainstream. Well, this is great news for the crypto lovers out there who can always check out the rate of Ethereum to US dollar before any financial transaction on the platform. But what makes this platform so favourable for DeFi to thrive so well? Let’s read on to understand why this is so, and much more.
Delving into the Rise of DeFi on Ethereum
Ethereum is now the most sought-after platform for building many DeFi applications and protocols. For example, It supports smart contracts for develop
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