6 Ways Decentralized Finance Is Challenging Traditional Banking

Key points: Traditional banking has been doing the same thing for decades: you deposit money, pay fees, wait for approval, and hope the interest adds up. Enter decentralized finance, or DeFi, which is flipping that old script on its head. Think of it as financial services built on blockchain, where you can lend, borrow, trade, or earn without relying on a big bank to say yes. In simple terms, DeFi lets people interact directly with each other using smart contracts, programs that automatically handle transactions, cutting out middlemen and adding a new layer of transparency source: https://news.shib.io/2025/08/29/6-ways-decentralized-finance-is-challenging-traditional-banking/