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?
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?
Wow great chart for references there
By comparing the price of current Defi, seems like most had recover to the -90% price LOL
previously most had drop more than that
YFI dropped to sub $10,000 and its now back to $20,000
A very solid one
It's sad that Akro just got flashed loan attack, else they might be able to recover
Aside from all these DeFi coin, Waves actually gonna take over somehow
Their stables (neutrino) is gaining tons of traction and they are implementing more Decentralize Finance stuff