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, a crypto market intelligence company Messari has shown that five of the 10 top DeFi protocols saw their tokens gain double-digit percentages over the last 30 days. These gains have been achieved despite the difficulties that the market has experienced. This dynamic puts bearish pressure on wider crypto markets.