Review: DeFi tokens have sold out as well, but revenue and TVL report DeFi tokens will recover.
Analysis released by Cointegrah on October 4 shows that the decline in the value of Yearn.finance and Aave indicates that the DeFi market will be oversold, but not the profits from growing higher positions. 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. More importantly, Founder, Uniswap and Aave's profits have jumped from 130% to 440% in the past 30 days as token prices have plummeted. Data on the channel shows that TVL in the DeFi market is unchanged. While most DeFi tokens fell 30-50%, TVL was still above $ 10 billion. Using Yearn.finance as an example, the base YFI token is down 44% in 5 days, and digital assets are down 56% from its current height. Despite the incredible drop, investors and analysts are still optimistic about the project. Earlier this week, the Year.finance team announced that they are planning to start a new stable business. Yearn.finance's TVL is around $ 700 million, further proof that the token price does not affect the feasibility of the project, close to TVL in August when the cost was high.
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