As 2024 progresses, the decentralised finance (DeFi) industry is undergoing close scrutiny to determine if it's evolving according to expectations.

The year has already seen significant developments within the cryptocurrency sector, starting as early as January.

Notably, the United Securities and Exchange Commission (SEC) made a reluctant move to approve spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs), marking a pivotal moment for the industry.

Following this, the crypto world has been abuzz with the fourth Bitcoin halving event, highlighting another major milestone that has captured widespread attention.

In addition to Bitcoin-related developments, Ethereum (CRYPTO:ETH) has also made headlines with its Dencun upgrade launched in March.

This significant update has improved Ethereum's compatibility and integration with layer-2 blockchains, indicating substantial progress in the broader DeFi ecosystem.

These developments collectively signal a year of substantial advancements and regulatory breakthroughs in the cryptocurrency space, pointing towards an evolving landscape that continues to attract scrutiny, debate, and anticipation about the future trajectory of decentralised finance.