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

It was all expected because the price went up too quickly so yes short term bubble has burst and it is good for the market as scam and poor quality projects will exit and quality projects will thrive and their price will also recover so i do not think if someone is holding quality defi tokens he does not need to panic just hold and wait.