Ren was one of many decentralized finance projects that pumped funds in 2021. However, they ended the year exactly where it started with very high fees.ETHDeFi fell behind more well-known sectors, such as NFTs and nonfungible tokens (NFTs), due to lower activity.

After recent global events that highlighted the value of DeFi assets and other financial systems, the trend is now in the opposite direction. This week the REN price climbed 69%, going from $0.247 (February 24) to $0.418 (March 3).