> As per Forbes estimates, the total locked value in DeFi protocols stands at nearly $43 billion.
> DeFi denotes an entirely new financial rail separate from the banking system, capable of providing the same range of services as a bank, from savings, mortgages and loans to diverse contractual arrangements and asset trading.
> DeFi helps to create cross-border value chains for consumer goods and food processing by connecting African traders, significantly reducing post-agricultural losses for perishable goods.
>The DeFi market gauges adoption by measuring what’s called locked value, which calculates how much money is currently working in different DeFi protocols. At present, the total locked value in DeFi protocols is nearly $43 billion.