DeFi tokens are oversold, but revenue and TVL indicate DeFi tokens will come back.

2020-10-4 09:50
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Falling prices on Yearn.finance and Aave indicate that the DeFi market is oversold, as opposed to higher yields on higher positions, according to Cointelegra. Designer (MKR), Uniswap (UNI), Yearn.finance (YFI) and other DeFi tokens have fallen in value over the past two weeks. However, various sources indicate that the principle of DeFi tokens is still strong. In particular, Maker, Uniswap, and Aave have seen their earnings increase from 130% to 440% over the past 30 days, indicating a period when token prices are dropping. According to the channel's data, TVL in the DeFi market has not changed. Most DeFi tokens are down 30-50%, but TVL is still above $ 10 billion. Use Yearn.finance as an example, where YFI tokens fell 44% in 5 days, while digital assets fell 56% from their current height. Despite the slowdown, investors and analysts are still bullish on the project, and earlier this week the team at Yearn.finance announced plans to develop the new stable service. Further evidence that the token price did not affect the project's potential, Yearn.finance's TVL was around $ 700 million, close to TVL in August when the price was higher.

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