Decentralized finance coins based on Ethereum have undergone strong rejections over recent weeks. Nothing shows this as well as the price action of Yearn.finance (YFI), which has almost halved since its highs of $44,000 set just weeks ago. The coin now trades at $24,000 after it faced a series of technical and fundamental challenges that resulted in the drop.
There are some that think Ethereum DeFi is in the midst of a larger correction, especially as the industry is up hundreds of percent since the start of 2020.
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https://www.newsbtc.com/news/ethereum/these-3-trends-show-that-ethereums-defi-space-has-room-to-grow/