Thread by @DefiForMasses

1⃣Decentralized Finance #DeFi has come a long way in a relatively short period of time.

In just a few years, we have seen tremendous innovation and development in the #DeFi space, with new protocols, applications, and use cases emerging almost daily.

2⃣One of the most significant changes we have seen in #DeFi is the evolution of the underlying technology.

Early DeFi applications were built on the @Ethereum blockchain, which had limitations in terms of scalability and transaction speed.

3⃣However, over the past year, we've seen the emergence of new blockchain platforms that offer faster and more efficient transactions.

Some of these platforms include @Solana, #Polygon, and #BinanceSmartChain.

4⃣Another significant change in #DeFi is the emergence of new applications n use cases.

Early #DeFi protocols focused primarily on lending and borrowing, but we are now seeing protocols that offer decentralized trading, prediction markets, and more.

5⃣The emergence of new types of #DeFi protocols, such as decentralized insurance and governance protocols.

These protocols are helping to create new opportunities for users to participate in decentralized finance and earn rewards for their contributions.

6⃣As Decentralized Finance has grown and evolved, we have seen increased attention from regulators and policymakers.

7⃣This attention has been both +/-, with some regulators embracing the potential of DeFi and others expressing concerns about potential risks n vulnerabilities.

8⃣Despite these challenges, the #DeFi space continues to grow and innovate. The future of DeFi is bright, with new applications and use cases emerging all the time.

We can expect to see continued growth and adoption of #DeFi in the years to come.

9⃣Tagging some Giga Brains for you to follow:

@cyrilXBT
@QuantMeta
@CryptoShiro_
@rektdiomedes
@Flowslikeosmo
@0xSalazar
@DeFi_Made_Here
@Slappjakke
@crypto_linn
@rektfencer
@TheDeFISaint
@DeFi_Made_Here
@0xsurferboy
@CryptoKoryo
@DAdvisoor

@cyrilXBT @QuantMeta @CryptoShiro_ @rektdiomedes @Flowslikeosmo @0xSalazar @DeFi_Made_Here @Slappjakke @crypto_linn @rektfencer @TheDeFISaint @0xsurferboy @CryptoKoryo @DAdvisoor If you enjoyed this thread,
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