Ethereum Breaks $4,500 Barrier: A Beginner’s Guide to Decentralized Finance (DeFi)

Ethereum has hit a new milestone, surpassing the $4,500 mark, signaling the growing acceptance of decentralized finance (DeFi). This surge can be attributed to the expansion of DeFi applications like lending and borrowing and institutional interest in cryptocurrency markets. To understand this revolutionary financial model, let’s explore core concepts: Decentralized Finance (DeFi) offers a paradigm shift from traditional finance by utilizing blockchain technology and smart contracts. Imagine a world without banks or brokers – you can complete actions like lending, trading, and even managing investments autonomously through decentralized protocols. 💰