The DeFi market is based on blockchain technology with high transparency and strong openness, and Ethereum is currently the mainstream public chain. #defi #crypto2023

Applications are also increasing, including exchanges, lending protocols, and derivative markets. The competitive landscape has seen the emergence of decentralized exchange giants represented by Uniswap, SushiSwap, and PancakeSwap, as well as lending protocols such as MakerDAO and Aave.

Looking ahead, with the expansion of the application scope of digital assets, the DeFi market will show a trend of decentralization, diversification, and openness, with higher liquidity and flexibility, attracting more investors to enter it.