DeFi surge, rising TVL and new partnerships underpin Ren’s 100% rally

Interoperability between blockchains is rapidly becoming one of the buzz phrases being thrown around when discussing decentralized finance and the coins most likely to rally during an altcoin bull run.

The rapid growth of DeFi, its ever expanding total value locked and soaring ETH gas fees further highlight the sector’s need for a layer 2 option that also supports the ability to transact value across different networks.

REN/USDT 4-hour chart. Source: TradingView
Total value locked in RenVM. Source: DeFi Pulse
Ren Darknode Statistics. Source: Renproject
RenVM total users over time. Source: Dune Analytics