Since the decentralized finance sector (DeFi), which created a frenzy during the summer 2020 and first quarter 2021, it has been in the background. Currently, investors are debating whether the crypto sector is in a bull or bear market, meaning, it’s a good time to check in on the state of DeFi and identify which protocols might be setting new trends.

Here’s a look at the top-ranking DeFi protocols and a review of the strategies used by users of these protocols.