What is the Relationship Between Ethereum and DeFi? Let the Data Speak
In recent days, Ethereum's price has been on an upward trend, having reached the $2,000 mark earlier before falling below it again and then recovering. While the second half of 2020 and all of 2021 witnessed exponential growth in ETH, interestingly, how DeFi in 2021 became a key driver behind ETH's growth is worth our attention. Compared to Ethereum's price at the beginning of the year, the mainstream cryptocurrency grew by more than 180% in just three months.