DeFi Tokens Bleed Out as Crypto Markets Correct

Crypto markets are a sea of red this Tuesday morning with double-digit losses over the past 24 hours for a large number of tokens. Messari crypto has painted the picture today and it is deep in the red for DeFi: Double digit losses over the past day have been suffered by some of the bigger names in DeFi including Curve, Compound, SushiSwap, Aave, Synthetix, Yearn Finance, Balancer, Bancor, Loopring, and Uniswap.

The native token for all of these protocols has slumped between 10% and 15% over the past 24 hours. Hegic is the only DeFi token that has made a significant gain on the day, with Augur’s REP still just in the green as prediction markets heat up before the U.S. election.

Timeline of Aave, Aave-old, Balancer, Bancor, Compound, Loopring, Sushiswap, Uniswap, Augur