Re: DeFi Bubble Burst?

Quote from: G.Belaci on Today at 07:54:07 AM

We have witnessed a massive popularity regarding DeFi projects, but it's seems that DeFi hype is over. For the past week DeFi tokens plunged massively.

Loses over the last week:
Chainlink: 12%
Aave: 19.5%
Uniswap: 32%
Yearn.Finance: 44%
Compound: 20%
Uma:33%

Read more: https://www.worldcoinindex.com/nl/news/defi-tokens-plunge-in-a-wide-sell-off-is-this-the-defi-bubble-burst

I don't know about other projects, but I see that just today UNI gained +28% and ChainLink gained +13%. This is crypto. Here 10-20% price swings are normal. I definitely wouldn't worry about it. However, I would worry about projects like CBDAO (BREE) whose smart contract enabled one of the programmers to mint sBREE tokens, swap them for BREE and then dump them on the market. Projects and teams like that are the real problem of DeFi, not it's hype.