DeFi project tokens have lost 50% of their value on average since early September The decentralized finance (DeFi) space experienced rapid growth in July and August, and related tokens rose dozens of times. Ethereum at the same time climbed to a two-year high slightly below $ 500, bitcoin at its peak traded around $ 12,400.

DeFi project tokens have lost 50% on average since early September

The Decentralized Finance (DeFi) space experienced rapid growth in July and August, and related tokens rose dozens of times. Ethereum at the same time climbed to a two-year high slightly below $ 500, Bitcoin at its peak traded around $ 12,400.

However, the dynamics changed in September. As a result, Bitcoin dropped to $ 9,900, Ethereum to $ 320, and many DeFi tokens lost more than half of their value, losing a significant part of the gain and causing large losses for late investors..

According to analyst Ceteris Paribus, since the beginning of September, the average decline in DeFi tokens has been 50%. They recovered from the lows by 35%, but still remain 30% below the values ​​of September 1.



The DeFi space itself also has its winners and losers. Thus, yearn.finance (YFI), Aave (LEND) and Loopring (LRC) tokens have decreased by less than 10% since September 1, while Curve (CRV), Meta (MTA) and Sushi have lost more than half of their value.

Investors continue to hope that the recent 5% rebound in Ether to $ 370 will herald the return of DeFi spaces to a bullish cycle. "I hope you bought at the lows," writes partner of The Spartan Group Calvin Koch. - September will be a killer month. SushiSwap vs. Uniswap and Swerve vs. Curve. LEND is also being added to FTX ".

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