DeFi market cap drops 25% in one day
Cointelegraph
Published Oct 08, 2020 03:38AM ET
Updated Oct 08, 2020 05:20AM ET
The decentralized finance (DeFi) bubble continues to deflate, with crypto market data firm Sentiment reporting a 25% crash in the market capitalization of DeFi assets during yesterday alone.
In a blog post published Oct. 8, Santiment estimated that daily DeFi token trade volumes have fallen by 30% combined, while recent market leaders Sushi (SUSHI), Uniswap (UNI) and Yearn Finance (YFI) are among the hardest hit with weekly losses of 51%, 38% and 31% respectively.
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Written By: Cointelegraph
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