Is DeFi better than than TradFi?

DeFi is better than TradFi as its underlying technology – blockchain – offers an easier, near-instant, and more efficient way of executing secure transactions. This basically implies providing an updated and incorruptible financial system to users. A good example is how DeFi minimizes the huge transactional fees TradFi institutions like banks impose on their customers. This enables people to enjoy actual ownership of their assets in a permissionless and straightforward manner. If you want to send money to a friend or service provider on another continent, the process is fast and straightforward, depicting a stark contrast to TradFi.