<p>Coinbase has joined the Defi Alliance, an organization that supports decentralized finance (DeFi) startups, the crypto exchange company announced Thursday. </p> <p>The association was founded almost <a href="https://www.theblockcrypto.com/post/61035/jump-drw-volt-capital-cmt-launch-alliance-to-connect-defi-projects-with-chicago-trading-firms">exactly a year ago</a> by a group of Chicago-based crypto organizations: Volt Capital, Jump Capital, CMT Trading and DRW Trading. According to an earlier <a href="https://medium.com/volt-capital/announcing-the-chicago-defi-alliance-b66de98de1a4">blog post</a>, the alliance aims to "provide entrepreneurs and start-ups in the decentralized finance (DeFi) space with meaningful support and guidance with respect to trading and applicable regulations."</p> <p>According to its website, the DeFi Alliance provides mentorship and support to emerging projects in the DeFi space. It also hosts Accelerate DeFi, an eight-week program that is meant to provide startups with the resources they need to build, develop and grow their platforms. </p> <p>"DeFi expands the concept of digital currency based on Bitcoin's basic premise of digital currency," the Coinbase team wrote in a <a href="https://www.coinbase.com/ko/learn/crypto-basics/what-is-defi">blog post</a>. "DeFi has the potential to create a more open, free and fair financial market for anyone with Internet access."</p> <p>According to data collected by The Block, DeFi protocols generated more than $200 million in revenue last month.</p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/decentralized-finance/protocol-revenue/defi-protocols-revenues-monthly/embed" title="Monthly DeFi revenue" width="100%"></iframe></p>