The DeFi summer of 2020 served as a warm-up for the bull market that began this year. According to the data, the industry is far more mature now than it was last year. There's a new wave of "second generation" DeFi tokens on the market, with a wide range of applications. Exchanges for cryptocurrencies are developing and growing more sophisticated. AMM exchanges offer aggregation models, as well as privacy features and other important features.