The global financial system is undergoing one of its most significant transformations in decades, driven by the rapid rise of Decentralized Finance, or DeFi. Built on blockchain technology, DeFi is redefining how people lend, borrow, invest, and manage wealth, offering an alternative to traditional banking systems that have long relied on intermediaries and centralized control. According to Brijmohan Singh, a renowned blockchain expert and financial investor, DeFi has moved far beyond theory and experimentation, emerging as a practical, scalable financial ecosystem.
DeFi empowers individuals to access financial services without depending on banks or intermediaries. It provides users with complete control over their assets while ensuring transparency, speed, and efficiency. Unlike conventional banking models that involve lengthy approvals, paperwork, and third-party oversight, DeFi platforms operate through smart contracts. These self-executing digital agreements automate financial transactions such as lending, borrowing, and trading, enabling near-instant execution on a global scale.
Mr. Singh emphasizes that this innovation significantly reduces operational costs and opens financial access to millions of unbanked and underbanked individuals worldwide. The growth of DeFi in recent years highlights its expanding influence. By early 2025, global DeFi adoption had crossed more than 150 million users, reflecting exponential growth compared to previous years. At the same time, Total Value Locked (TVL) in DeFi protocols surged past $250 billion at its peak, signaling strong investor confidence and deepening liquidity across decentralized platforms.
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