DeFi Emerges as Lifeline for Yemen Amidst Financial Crisis

Yemen’s ongoing conflict has crippled the country’s financial infrastructure, leading to a surge in the adoption of decentralized finance (DeFi) solutions. As traditional banking systems falter under sanctions and turmoil, DeFi platforms have emerged as essential tools for everyday transactions and remittances. According to TRM Labs, over 63% of Yemen’s crypto-related traffic now utilizes DeFi channels, demonstrating the increasing reliance on blockchain-based services.