Decentralized finance (DeFi), a sector within the cryptocurrency ecosystem that is gaining momentum, seems to be getting underway in 2022. It could be an echo from the bullish markets seen in 2021.

Messari’s crypto market intelligence platform shows that in the last 30 day, 5 out 10 DeFi protocol top 100 have had their tokens experience double-digit gains. These gains have been achieved despite the difficulties that the market has experienced. This dynamic puts bearish pressure on wider crypto markets.