Post
Topic
Board Altcoin Discussion
Re: DeFi Bubble Burst?
by
istiak2277
on 11/10/2020, 14:36:50 UTC
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

The DeFi market is bleeding but everyone is not affected by it. Some made a good amount of money in this hype and exit when they have profit. DeFi just slows down and it's not the right time to say its just a bubble. It could be a whale's market manipulation so that they can buy them at a low price. DeFi project has practical use so it's not totally worthless.