The DeFi ecosystem is not a monolith—it’s a fast-moving network of protocols, developers, investors, and platforms. In this second installment of our FinTelegram DeFi Series, we break down the key actors shaping decentralized finance, from the code-writing builders and liquidity providers to governance DAOs, oracles, and blockchain infrastructures. Understanding the roles of these players is crucial for identifying risks and opportunities in the space.