Decentralized finance has seen some significant improvements over the past year.

Here are some of the major milestones the DeFi space has seen since the start of 2023.

1. Cross-chain communication for more interoperable blockchains

Cross-chain communication protocols seek to enable different blockchains to communicate with each other. They are designed so that data and value can be connected between separate systems, enabling tokens or assets to be transferred between separate networks. 

This type of technology allows decentralized exchanges to tap into more liquidity pools and give applications access to technological functionality across other blockchains. 

Squid, a cross-chain…

Read more on Blockworks