6 Real-World Instances Where DeFi Outperformed Traditional Banks

2. Lower Transaction Fees

Traditional banks are known for their high transaction fees, especially for cross-border payments. DeFi platforms like Uniswap provide a cheaper alternative. Uniswap, a decentralized exchange, lets users trade cryptocurrencies directly from their wallets without a middleman, resulting in lower transaction fees. This illustrates how DeFi offers a more cost-effective solution, challenging traditional banks' fee structures.