All summer, and especially August, the market was booming with news about the super growth of tokens. Yeald farming, stacking gave crazy interest. New tokens appeared every day, the number of assets involved in this area was steadily growing. And what we see now:
source: @ceterispar1bus
Some projects have already reached -90%, yeald farming is no longer so profitable.
All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase?
What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever?
It is good to see market settling and i personally support organic growth rather than some quick growth due to just hype and big expectations.source: @ceterispar1bus
Some projects have already reached -90%, yeald farming is no longer so profitable.
All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase?
What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever?
I think good defi projects will sustain and in two or more years defi market will grow substantially big into a super new crypto based business.