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Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: MRM on October 07, 2020, 08:27:12 PM

Title: Ethereum DeFi Assets Hit Hard by Major Price Correction
Post by: MRM on October 07, 2020, 08:27:12 PM

Compared to your bog-standard altcoin, DeFi assets are performing particularly poorly. Following a period of rampant speculative activity, decentralized finance (DeFi) assets now appear to be suffering from a major correction.

Though average cryptocurrency has lost 2.9% in the last week, DeFi assets have been hit harder than most in this time. The top 10 DeFi assets have an average loss of 23.4% over the last week. Scaling further back, these DeFi assets have performed even worse, having lost an average of 27.44% in the last 30 days.
Source: https://decrypt.co/44160/ethereum-defi-assets-hit-hard-by-major-price-correction