People use defi for a variety of reasons, including functional autonomy, increased transparency and security, low costs and high-interest rates, and accessibility. Because it was the first to offer an architecture that allows developers to create such decentralised applications. The Ethereum blockchain network serves as the foundation for the majority of DeFi initiatives (DApps). However, as new blockchain networks such as Solana, Cardano, Polkadot, and others emerge, the DeFi market is becoming more competitive.
As the use of DeFi has grown, so has the number of DeFi-based prediction systems where users can exchange value by predicting the outcome of future events. DEX will almost certainly improve the fairness, privacy, and independence of cryptocurrency trading in the near future. Driving the evolution of decentralised finance and the systems that make it possible. The most recent developments and patterns in cryptocurrency investments appear to be favourable for decentralised exchanges.