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DeFi stands for decentralized finance and refers to a revolutionary financial system that is transparent and trustless. It is built on top of a smart contract on the blockchain and consists of smart contracts, dApps, and protocols. The highest percentage of the population with access to banking services in Southeast Asia is Singapore, with only 2% of its residents facing this issue. As the population of these countries continues to see limitations, the countries will not receive the necessary support to kick-start their growth.