Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting

Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting

The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also making the list of heavy droppers is Uniswap’s new token (UNI) which lost 38.2% and the YFI which dropped by 31.3%. According to Santiment’s Defi watchlist, many of these decentralized finance (defi) tokens have already erased the bulk of their summer gains. Meanwhile, as expected,....


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Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops...

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Prolonged DeFi Slump Impending? Uniswap Volume Drops 83% Since Peak

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UMA, Maker, Uniswap Surge Up to 22%: What’s Causing the DeFi Recovery?

Major DeFi tokens, including UMA, Maker, and Uniswap have surged up to 22% in the past 24 hours. The decentralized finance (DeFi) market has generally rebounded following a sustained pullback. There are two main reasons behind the short-term recovery of major DeFi tokens. First, most DeFi tokens were heavily sold since September, causing most to […]