SocialFi Top trending coins and market statistics
SocialFi, short for Social Finance, is a concept that merges social media platforms with decentralized finance (DeFi) principles. SocialFi aims to create a decentralized social media ecosystem where users have more control over their data, content, and monetization. This model leverages blockchain technology, smart contracts, and often incorporates non-fungible tokens (NFTs) to create a transparent, secure, and user-centric environment.