Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6. Most creators of Decentralised Finance ( DeFi ) applications ( DApps ) use Ethereum , according to a report by Binance Research . However , it added that while Ethereum was the largest blockchain platform and therefore an obvious development tool , the launch of new platforms including Facebook may threaten that domination . A DeFi system is aimed at creating a lending , borrowing or trading product using decentralised networks and peer - to - peer networks along with permissionless blockchains .
Most creators of Decentralised Finance ( DeFi ) applications ( DApps ) use Ethereum , according to a report by Binance Research . However , it added that while Ethereum was the largest blockchain platform and therefore an obvious development tool , the launch of new platforms including Facebook may threaten that domination . A DeFi system is aimed at creating a lending , borrowing or trading product using decentralised networks and peer - to - peer networks along with permissionless blockchains .