DeFi platforms provide decentralized financial services, enabling users to access lending, borrowing, trading, and yield farming without relying on traditional banks or financial institutions. Built on blockchain networks like Ethereum, these platforms allow users to participate in peer-to-peer finance, removing middlemen and reducing costs. With DeFi platforms, users can retain full control of their assets while enjoying the benefits of automation, transparency, and security, making them a popular alternative for those looking for more inclusive financial solutions.