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How is Decentralized Finance (DeFi) applied for decentralized marketplaces?

Decentralized Finance (DeFi) is harnessed to create decentralized marketplaces, transforming traditional commerce by eliminating intermediaries and promoting peer-to-peer interactions. In DeFi-powered decentralized marketplaces, users can trade digital assets directly, enhancing transparency and reducing transaction costs. Smart contracts facilitate automated order executions, ensuring secure and tamper-resistant transactions on blockchain networks. These marketplaces offer a wide range of products and services, fostering financial inclusion and empowering users with greater control over their assets in a trustless and decentralized environment.