The Rise of Decentralised Finance and its Key Players

Decentralised finance (DeFi) wants to make financial services accessible for anyone with a smartphone and internet connection without the need to go through a centralised bank. The last month of 2019 broke all records with 25,925 single users who used financial applications on Ethereum. The price to the most popular DeFi application goes to MakerDAO who’s responsible for $388 million dollar worth of locked Ether. A decentralised finance system comes with less overhead, more transparency, and a significantly lower cost than traditional finance systems.