DeFi tokens are having a rough month after record performance

7

Quick Take

  • FTX’s DeFi index has dropped by 44% since Sept 1 and is currently sitting at a 50-day low
  • New useless projects that kept popping up likely exhausted the demand and diluted interest
  • Yields have been collapsing in recent days as market buyers are no longer as willing subsidize rewards

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DeFi tokens are having a rough month after record performance written by Larry Cermak @ https://www.theblockcrypto.com/genesis/78362/defi-tokens-are-having-a-rough-month-after-record-performance?utm_source=rss&utm_medium=rss September 21, 2020 Larry Cermak

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