Do you have to pay taxes on DeFi?

Hello there, I'm curious about the tax implications of decentralized finance, or DeFi. As someone who's been dabbling in this space, I've noticed that transactions and earnings can happen seamlessly and often without the direct involvement of traditional financial institutions. So, my question is, do you actually have to pay taxes on the income generated through DeFi platforms and activities? Are there any specific rules or regulations I should be aware of to ensure I'm complying with tax laws in my jurisdiction? I'd appreciate any insights you can offer on this topic.