DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens

Cointelegraph

Published Sep 21, 2020 09:15PM ET

Updated Sep 21, 2020 11:00PM ET

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%.

At the moment, the two coins garnering the most attention are Yearn.finance (YFI) and Uniswap (UNI) as both have dropped by 46% and 48% since reaching a monthly peak.

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