6 Real-World Instances Where DeFi Outperformed Traditional Banks

3. Financial Inclusion

DeFi platforms like Compound address one of the most significant issues in traditional banking: financial inclusion. Many people around the world lack access to banking services due to barriers like location, income, or documentation requirements. Compound, a DeFi lending platform, allows anyone with internet access to lend or borrow assets, regardless of their financial status. This demonstrates DeFi's ability to democratize financial services, something traditional banks struggle with.