How AI Enhances Smart Contract Audits for DeFi Projects

DeFi or decentralized finance is the talk of the town. Not because it’s a trendy new technology, but because it has real use cases and delivers substantial results. No longer confined to traditional banking systems, DeFi leverages blockchain technology to empower users with peer-to-peer transactions, offering a level of autonomy and efficiency previously difficult.

And it's not just talk; we're looking at a DeFi market that's expected to hit $26,170 million in revenue this year with growth expected to soar to $37,040 million by 2028. In fact, the number of users in the DeFi market is also expected to amount to over 22 million by 2028.

Now, smart contracts play a pivotal role in this whole DeFi ecosystem. It wouldn’t be wrong to say that smart contracts are the backbone of DeFi platforms. This concept of self-executing codes that run when predetermined conditions are met, was dreamed up by Nick Szabo way back in 1994. He was ahead of his time, imagining a world where transactions could run smoothly without a middleman, thanks to these smart contracts.
read more..