Review: DeFi tokens have sold out as well, but revenue and TVL report DeFi tokens will recover.

2020-10-4 09:50
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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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DeFi tokens are oversold, but revenue and TVL indicate DeFi tokens will come back.
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.
2020-10-4 09:50