Mapping out Ethereum’s DeFi

Quick Take

  • This is an updated version of The Block’s Ethereum Open Finance map
  • This map illustrates all of the companies and applications working on Decentralized Finance
  • DeFi could radically change the way we interact with our global financial system
  • Developers are working to turn any financial service you can think of into a decentralized protocol

The Ethereum community has largely embraced Decentralized Finance. The idea behind Decentralized Finance, commonly called DeFi, is a financial system without a central governing authority, fully open to anyone around the world. The hope is such a system would level the playing field and make it easier and more affordable for anyone to get access to financial services.