Why is crypto headed into Defi and what does this mean?

Crypto is headed into DeFi (decentralized finance) because it provides a way for individuals to access financial services without the need for intermediaries like banks or other financial institutions. DeFi is built on blockchain technology, and it uses smart contracts to automate financial transactions, allowing for faster and more efficient processing.

DeFi platforms allow users to lend, borrow, and trade cryptocurrencies, as well as earn interest on their holdings. They also enable access to financial services such as insurance, asset management, and derivatives trading, all without requiring the user to go through a centralized intermediary.

DeFi platforms are built on open-source software, which means that anyone can access and use them. This creates a level playing field for all users, regardless of their geographic location or financial status. Additionally, because DeFi platforms are built on blockchain technology, transactions are transparent and immutable, which creates trust between users.

Overall, the growth of DeFi represents a shift towards a more open and accessible financial system. It provides individuals with more control over their finances, and it could potentially reduce the influence of centralized financial institutions.