DeFi Market Roundup: DeFi Suffers Major Losses
However, while most top-ten cryptocurrencies by market capitalization are either flat or trading in the green in the last week, most major DeFi coins are suffering from shattering losses over this timescale. As per data from CoinGecko, eight of the top ten DeFi coins by market cap are in the red in the last 7 days.
Of these, Uniswap (UNI), Yearn Finance (YFI), and UMA have been hit the worst, having lost 23.5%, 37.5%, and 31.9% respectively in the last 7 days. Overall, the average top ten DeFi coin has lost 13.1% in the last week, compared to an average loss of 3.7% for cryptocurrencies outside of the DeFi niche.