The Environmental Impact of DeFi: Are Blockchains Becoming Greener?
In the ever-evolving world of digital finance, Decentralized Finance (DeFi) has emerged as one of the most revolutionary movements of the 21st century. Built on blockchain technology, DeFi promises to democratize access to financial services, eliminate intermediaries, and create a more transparent and inclusive global economy. But as DeFi continues to grow in popularity—surpassing $100 billion in total value locked (TVL) at various points—concerns about its environmental impact have also intensified.