DeFi volumes on exchanges are still far from summer peak

2021 is shaping up to be a breakout year for bitcoin, as the leading cryptocurrency continues to smash new highs — recently hitting as high as $40,000.

With bitcoin's ongoing rise, attention has been drawn away from other smaller cryptocurrencies, including DeFi tokens, which had a fruitful summer. This lack of attention is reflected in the trade trading volumes of some leading exchanges, which we will explore in this piece.