Decentralized finance (DeFi): a paradigm shift in the Fintech

The financial landscape is undergoing a revolution with the Decentralized Finance (DeFi), poised to reshape business value creation. This study provides an overview of research progress in DeFi from both business and information systems perspectives. Employing a hybrid bibliographic approach and TCM framework, we aim to uncover collaboration trends, developmental characteristics, and knowledge structures. Through various network analyses, including co-occurrence networks and keyword networks, as a multidisciplinary field with a focus on leveraging emerging, DeFi can construct decentralised ecosystems for finance. Looking ahead, there is potential to further explore the advantages of DeFi in maximising value creation.