Rumors of DeFi’s demise have been greatly exaggerated: weekly recap
DeFi projects have been dominating headlines as of late, and the unexpected departure by a high-profile founder had ripple effects throughout crypto markets. Here are the top stories from the past week: SUSHI’s parabolic surge upward came to an abrupt halt when the project’s head cashed in all his chips earlier this week, and the resulting selloff knocked the rest of DeFi, ETH and Bitcoin (BTC) down from their perches, some of which were highs for the year.
The past two years have seen digital asset markets grow by leaps and bounds, largely due to the rapid maturation of projects and the people behind them. In the DeFi world, traders can earn so-called governance tokens in return for providing liquidity for decentralized exchanges and lending protocols like Balancer and Compound.
