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Browsing: digital finance ecosystem
- DeFi market is experiencing a surge in Total Value Locked (TVL), and hit nearly $97 billion in Q1 this year.
- Built on blockchain, DeFi bypasses traditional financial systems, allowing peer-to-peer transactions via “smart contracts.”
- At the AIM Congress 2025 in Abu Dhabi—DeFi will be a key topic for global policymakers, regulators, and investors keen on the “Future of Finance”.
The rapid growth of Decentralized Finance (DeFi) is signaling a shift in the global finance ecosystem. Expected to grow at an annual rate of 46 per cent from 2023 to 2030, the DeFi market is experiencing a surge in Total Value Locked (TVL), which has already reached nearly $97 billion in the first quarter of 2024.
It’s worth noting that on Monday, the world’s largest cryptocurrency topped $87,000 for the first time. As of around 3:45p.m. ET, bitcoin‘s price stood at $87,083, per CoinDesk, up over 28 per cent …