YFI, COMP, SUSHI and most DeFi tokens Experience Pullbacks of Over 60%
Quick take: Popular DeFi tokens such as YFI, COMP, SUSHI and CRV are down by over 60% since their all-time high values DeFi tokens continue to correct due to the current crypto market environment The overall market cap of DeFi related digital assets has dropped by 25% in the last 24 hours Trading volume in the same time period has dropped by 30% DeFi digital assets are in the midst of a massive correction from their all-time high values experienced in Q3, 2020. Below is a screenshot demonstrating the 7-day losses of ten popular DeFi tokens such as ChainLink (LINK), Aave (LEND), Maker (MKR), Yearn Finance (YFI), Yam Finance (YAM) and more.
Screenshot courtesy of Coinmarketcap.comDeFi Tokens Experience a Pullback of Over 60% Since All-Time High Values On a macro level, the majority of the popular DeFi tokens that caused excitement in Q3, have continued to experience pull-backs of over 60% from their all-time high values. Doing a similar analysis as the one done by @CryptoWhale of the ten DeFi tokens mentioned in the first section, it can be observed that theses popular assets have dropped an average of 74% since their all-time high values.
