Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021 but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses have been jumping into the NFT ring.
A break from the spotlight has allowed some of the more popular DeFi projects like Balancer (BAL) to regroup and plan out the next steps for their protocols as they work towards creating a more interoperable and user-friendly DeFi ecosystem.