{"id":9760,"date":"2021-08-31T13:14:27","date_gmt":"2021-08-31T13:14:27","guid":{"rendered":"https:\/\/www.appstudio.ca\/blog\/?p=9760"},"modified":"2025-03-28T07:15:15","modified_gmt":"2025-03-28T07:15:15","slug":"top-innovative-defi-trends","status":"publish","type":"post","link":"https:\/\/www.appstudio.ca\/blog\/top-innovative-defi-trends\/","title":{"rendered":"Top 6 Innovative DeFi Trends of 2021"},"content":{"rendered":"\n

The rise in technological advancements has successfully captivated the world, and 2021 is an absolute eyewitness to these. The pandemic has been a threat to people and enterprises alike, but it accelerated technological growth. The rise of DeFi (Decentralized Finance) is one such example.<\/p>\n\n\n\n

In recent times, digital currencies, such as Bitcoin, Ripple’s XRP, etc., gained popularity. It is due to tech giants like Tesla and Microsoft that started accepting cryptocurrencies as payment. So, one can easily say that the year 2021 is undoubtedly a year of Decentralized Finance. <\/p>\n\n\n\n

The DeFi platforms and apps have discarded the age-old financial techniques and pushed the process for embracing the new-cool system of trading with electronic currencies. <\/p>\n\n\n\n

When the world was under the constant threat of COVID-19, Blockchain seized the DeFi bug. The admirers of Cryptocurrency<\/strong><\/a> <\/strong>were annoyed with knocking off the mining liquidity, stable borrowings, and lending conventions.\u00a0<\/p>\n\n\n\n

Concisely, the DeFi trend commanded the talk for a long time. In futuristic financial establishments during the pandemic, everyone noticed a significant growth of DeFi in 2021. <\/p>\n\n\n\n

If you want to invest in DeFi, you must know what\u2019s buzzing in the industry to capitalize on it. This blog will give you a deep understanding of the new DeFi trends of 2021 that are worth noticing.<\/p>\n\n\n\n

What is DeFi?<\/strong><\/h2>\n\n\n\n

DeFi (Decentralized Finance) is to make financial commodities accessible to all on an open, decentralized blockchain nexus, without the need of paying a visit to brokers or banks. <\/p>\n\n\n\n

DeFi does not need a Government-issued ID, documents regarding address proofs, or social security number, unlike brokerage or bank accounts.<\/p>\n\n\n\n

Alternatively, DeFi implies a procedure that permits buyers, sellers, lenders, and borrowers to collaborate with peers or a software-based liaison. They don\u2019t need a FinTech app development<\/strong><\/a> <\/strong>agency or a transaction-aiding establishment. <\/p>\n\n\n\n