DeFi

DEFI

$0.000118

-3.57%

Price data may be delayed. Prices and market caps are in US dollars. Data as of October 2, 2026, 7:04 PM UTC.

What DeFi is, how it works, and what to watch for.

What it is

Editorial explanation

DeFi (DEFI) is a cryptocurrency launched in 2020 that operates on the Ethereum platform. It is categorized as a platform, DeFi, dApp, Ethereum ecosystem, launchpad, Solana ecosystem, DeFi 2.0, OKX Ventures portfolio, BNB Chain ecosystem, and token project. The project maintains a primary website at de.fi and documentation at docs.de.fi.

A paid membership is required for the full explanation of DeFi.

See membership prices

Learn the concepts behind this

Clear explanations of the subjects this article touches, with every term defined.

What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.
What is cryptocurrency, and how does it work?A simple explanation of cryptocurrency, blockchains, coins, tokens, mining and staking, with a definition page for every term used.