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 backseat in favor of more popular sector like NFTs or non-fungible tokens.

After recent events in global markets highlighted the value of DeFi assets and holding them outside of the financial system, 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).