Performing business with people in any part of the globe has been made a lot more easie

That's correct . Besides being P2P , it is operational without any time limitations . Also the transaction costs are lesser than our traditional financial system.

DeFi offers solutions like staking, farming, lending, burrowing etc

You are right . These modalities of finance offer better rates for both the parties involved as compared to traditonal finance.

Well done , keep it up.