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DeFi vs. Web3: Key differences explained

Published 02/13/2023, 11:35 AM
Updated 02/13/2023, 01:20 PM

In both cases, the success of DeFi and Web3 will depend on the continued development of blockchain technology and the willingness of individuals and organizations to adopt these new models. The future is uncertain, but the potential for a positive impact is significant.

For DeFi, there is a growing trend toward more innovation in the space, with the introduction of new financial products and services that have the potential to disrupt traditional finance. This includes decentralized exchanges, yield farming and stablecoins. There is also an increasing focus on user adoption and accessibility, which will likely drive further growth in the decentralized finance ecosystem.

Permissionless

Decentralized

Interoperable

Custody

Cryptographically verifiable

Economic and governance systems

Layer 1

Decentralized exchanges

Aggregators and wallets

Decentralized marketplaces

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