DeFi draws inspiration from blockchain, meaning it isn’t controlled by a single, central source.
It eliminates the fees typically charged by banks and other financial companies for using their services.
It has several passionate evangelists who promote its potential for innovation, transparency, and financial inclusion.
It takes advantage of diverse technologies developed in the blockchain sphere.
It enjoys the benefits of efficiency, and you can transfer funds in seconds and minutes.
One needs to have an internet connection to use it (without needing approval.)