What is DeFi and why is it important?
Decentralized Finance or DeFi(cryptocurrency wallet development solution company in India) has made way for easy financial services for those who are not able to access them because of geographical or socioeconomic reasons. Built on the blockchain network and functioning on smart contracts, DeFi(cryptocurrency wallet development solution services) products make the need for intermediaries obsolete, saving money and time. It is an open-source and transparent financial system. The data and other transactional information are spread across thousands of nodes, offering users security and potential shutdown of the service futile.
Ever since its new all-time high in May 2020 regarding the number of users and locked assets, the DeFi(cryptocurrency wallet development solution company in India) crypto-sphere has spent some time in the limelight. Statistics have revealed that DeFi(cryptocurrency wallet development solution company in India) assets have grown 10 times since the year before. The DeFi market cap has been doubling, and the exponential growth of this sector cannot be ignored. And the main component when it comes to DeFi protocols and platforms(crypto wallet app development) are DeFi Wallets. Every cryptocurrency user will need one to initiate and process transactions in the DeFi space, and you can be the sole provider of this secure and protected DeFi wallet by partnering with our Decentralized Finance Wallet Development services.