Ren, a decentralized finance project like Ren, pumped money in 2021 only to end the year back at their starting point with high fees.ETHMany protocols saw less activity, and DeFi was forced to take a back seat to popular sector like NFTs or nonfungible tokens.

It appears that the downtrend may be in reverse after recent events have highlighted the advantages of DeFi, which allows you to hold assets beyond the traditional financial system. The REN price rose 69% this week, from $0.247 on February 24th to $0.418 per day on March 3rd.