DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Markets

Solana Joins $100B Club, Hitting Nearly a Three-Year High Above $210

The fourth largest crypto could potentially reach its 2021 record high of $260 in the coming days given its relative strength through crypto's eight-month long consolidation phase, one analyst noted.

Solana price on Nov 10 (CoinDesk)

Finance

The Unique Way the Solana Trading Ecosystem Is Making Bank

Trading tools on Solana are immensely profitable. In fact, they tend to rival or exceed DeFi blue chips like Maker, Aave or Lido.

a hundred dollar bill

Finance

Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge

FTX's collapse blew a bitcoin-sized hole in Solana DeFi. Can Coinbase's cbBTC finally fill it?

Coinbase cryptocurrency exchange app on smartphone (Chesnot/Getty Images)

Consensus Hong Kong 2025 Coverage

DeFi to Have ‘Walled Garden’ Moment as Internet of Money Matures: dYdX’s D’Haussy

The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.

Charles D’Haussy, CEO of the dYdX foundation, speaks with CoinDesk at the Hong Kong Fintech Week (Chris Lam/CoinDesk)

Tech

Bitcoin Rollup Citrea Aims to Make BTC a Programmable Asset With ZK Proofs, Raises $14M Series A

The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea.

Citrea's co-creators (Citrea)

Tech

Venn Network Aims to Solve DeFi's Hacking Problem With More Decentralized Tech

Creator Or Dadosh says Venn creates a "completely new economy" for crypto security.

Ironblocks' Venn aims to prevent suspicious transactions from accessing a blockchain. (serghei_topor/Pixabay)

Opinion

Aggregation Is the Only Way to Unify Web3

Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It's time to tear down the walls.

(Hans-Peter Gauster/Wikimedia Commons)

Tech

Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi

The goal is to create trust-minimized bridges between itself and other layer-1 blockchains, according to the abstract of a new "vision paper" shared with CoinDesk.

BOB team (BOB)

Opinion

Tokenized Treasuries: A Game-Changer for Collateral in Crypto Markets

Tokenizing U.S. Treasuries and using them as collateral in crypto markets presents a significant opportunity to merge the best aspects of traditional finance with the innovation of DeFi, says Carlos Domingo.

(Erol Ahmed/Unsplash)

Tech

ANZ to Kickstart Chainlink Private Transactions Protocol in RWA Boost

The private transactions allow institutional users to define privacy conditions in a way that keeps onchain data private from all third parties and adversaries.

(Markus Winkler/Unsplash, modified by CoinDesk)