DeFi goes boom as top tokens crash by 50% in one week

According to crypto market data firm Messari’s list of DeFi assets, 32 of 34 markets are down over the past week — with only PowerPool (CVP) and SushiSwap (SUSHI) posting seven-day price gains. The sell-off has erased the gains enjoyed by most DeFi markets during August’s month of record volatility, with more than 60% of the tokens featured in Messari’s DeFi list posting a 30-day loss as of this writing.

Ethereum (ETH) tokens in general have suffered this past week, with only 14 of 178 markets posting a gain — seven of which are stablecoins. Only two Ethereum tokens were able to post double-digit gains this week, with ZB and Origintrail topping the list with roughly 15% each.

Timeline of Ethereum, Powerpool, Sushiswap, Zb, Zb-token, Zerobank