Amid the 2023 bear market, one can’t help but reflect on the game-changing moments that have shaped this industry.

The ‘DeFi Summer’ of 2020 was a turning point in the blockchain industry, as CryptoSlate remembers. This season saw the debut of several DeFi projects, signaling the dawn of a new era in finance. DeFi’s evolution during this period didn’t just make waves; it catalyzed a paradigm shift, positioning itself as the bold trailblazer of this unprecedented movement.

Having been around in concept since 2015 through projects such as MakerDAO, DeFi experienced a monumental surge during the bull run of 2021, redefining traditional finance and making its mark as a significant player in the market. Yet, today, with token prices down up to 90% as we navigate the murky waters of the …