Crypto exchange platform Binance’s research on Defi observed that Ethereum was more focused towards Defi than other blockchains. Binance’s research on Defi growth The report analyzed data regarding decentralized finance (Defi) as well as decentralized applications (DApps). The report analyzed data provided by DAppReview coupled with the recent events happening in the Defi ecosystem. The report was mostly focused on the Ethereum network as this blockchain had a greater focus on decentralized exchanges (DEX) and financial apps such as smart contracts. The report noted that the Defi ecosystem was growing rapidly as the space saw the entry of over 40,000