Decentralized Finance (DeFi) is at the top of an advancement that is rapidly changing the finance industry. Anybody with an internet connection may access open, unrestricted financial services thanks to this innovative technology, which has the potential to disrupt traditional banking. However, what is DeFi actually, and how is it different from traditional banking? More importantly, is this how banking will develop. We will explore the particulars of DeFi, its benefits and drawbacks, and how it could change the financial landscape in the years to come.