{"id":29800,"date":"2020-10-08T13:11:34","date_gmt":"2020-10-08T10:11:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29800"},"modified":"2025-08-27T19:01:39","modified_gmt":"2025-08-27T16:01:39","slug":"defi-sector-loses-a-quarter-of-its-market-capitalisation-in-a-day","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defi-sector-loses-a-quarter-of-its-market-capitalisation-in-a-day\/","title":{"rendered":"DeFi sector loses a quarter of its market capitalisation in a day"},"content":{"rendered":"<p>On October 7, the market capitalization of tokens of decentralized-finance protocols collapsed by 25.1%. Trading volumes for them fell by 30.2%, according to Santiment analysts.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/t.co\/RI8sq5PBKe\\\">https:\/\/t.co\/RI8sq5PBKe<\/a><\/p>\n<p>1) Our data indicates that the collective market cap of all DeFi-related assets has shrunk by 25.1% yesterday alone, with daily trading volumes down by a combined 30.2%. <a href=\\\"https:\/\/twitter.com\/search?q=%24COMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$COMP<\/a>, <a href=\\\"https:\/\/twitter.com\/search?q=%24YFII&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$YFII<\/a>, <a href=\\\"https:\/\/twitter.com\/search?q=%24YFI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$YFI<\/a> and <a href=\\\"https:\/\/twitter.com\/search?q=%24SUSHI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SUSHI<\/a> are among those in the wreckage that are showing <a href=\\\"https:\/\/t.co\/BzTOFTO8Gf\\\">pic.twitter.com\/BzTOFTO8Gf<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\\\"https:\/\/twitter.com\/santimentfeed\/status\/1314071112939048960?ref_src=twsrc%5Etfw\\\">October 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Over the past week, the vast majority of DeFi tokens recorded double-digit losses. The main laggards were the tokens of the projects Sushiswap (SUSHI), Uniswap (UNI), and yEarn.Finance (YFI). They declined by 50.9%, 38.2%, and 31.3%, respectively.<\/p>\n<p>From their all-time highs, the median price of DeFi tokens has fallen by more than 60%.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\u201cDeFi not a bubble\u201d <a href=\\\"https:\/\/t.co\/tv3ekErbnN\\\">pic.twitter.com\/tv3ekErbnN<\/a><\/p>\n<p>\u2014 Crypto Godfather \u6559\u7236 (@CryptoGodfatha) <a href=\\\"https:\/\/twitter.com\/CryptoGodfatha\/status\/1313728048731025409?ref_src=twsrc%5Etfw\\\">October 7, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>As of writing, the <a href=\"https:\/\/u1f987.com\/en\/news\/defi-pulse-and-set-labs-launch-defi-token-index\">DeFi Pulse Index<\/a> is down 27% over the past seven days.<\/p>\n<div id=\\\"attachment_112546\\\" style=\\\"width: 1155px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-112546\\\" class=\\\"wp-image-112546 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-8-2020-12_34-PM.png\\\" alt=\\\"DeFi-\u0441\u0435\u043a\u0442\u043e\u0440 \u0437\u0430 \u0441\u0443\u0442\u043a\u0438 \u043b\u0438\u0448\u0438\u043b\u0441\u044f \u0447\u0435\u0442\u0432\u0435\u0440\u0442\u0438 \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0438\\\" width=\\\"1145\\\" height=\\\"642\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-8-2020-12_34-PM.png 1145w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-8-2020-12_34-PM-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-8-2020-12_34-PM-1024x574.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-8-2020-12_34-PM-768x431.png 768w\\\" sizes=\\\"auto, (max-width: 1145px) 100vw, 1145px\\\" \/><\/p>\n<p id=\\\"caption-attachment-112546\\\" class=\\\"wp-caption-text\\\">DeFi Pulse Index dynamics. Source: <a href=\\\"https:\/\/www.tokensets.com\/portfolio\/dpi\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">TokenSets<\/a>.<\/p>\n<\/div>\n<p>Some, in such negative momentum, found validation of their bleak forecasts of a bubble bursting.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">2) all-time low MVRV\u2019s, indicating undervaluation at these levels. Whale accumulation is also worth taking a look at for projects like <a href=\\\"https:\/\/twitter.com\/search?q=%24SNX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SNX<\/a>, showing notable movement. Read our findings above on the best buy opportunities after the dip. <a href=\\\"https:\/\/t.co\/UqUOcSGQRa\\\">https:\/\/t.co\/UqUOcSGQRa<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\\\"https:\/\/twitter.com\/santimentfeed\/status\/1314071114444763137?ref_src=twsrc%5Etfw\\\">October 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>FTX chief Sam Bankman-Fried <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-dex-trading-volumes-are-a-total-sham\">stated<\/a> that for the further development of the DeFi sector it is necessary to engage more with users, and not only focus on creating incentives in the form of governance tokens.<\/p>\n<p>At the end of September, ForkLog held an online conference \\&#8221;DeFi: A User&#8217;s Guide\\&#8221;. Its participants agreed that DeFi tokens <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-defi-tokens-no-longer-measure-a-projects-success\">have ceased to be<\/a> a measure of a project&#8217;s success.<\/p>\n<p>Other takeaways from the speakers can be read at the <a href=\"https:\/\/u1f987.com\/en\/news\/defi-in-practice-final-takeaways-from-forklog-conference\">link<\/a>.<\/p>\n<p>Subscribe to ForkLog\u2019s news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 7, the market capitalization of DeFi protocol tokens fell by 25.1%. Trading volumes for them collapsed by 30.2%, according to Santiment analysts.<\/p>\n","protected":false},"author":1,"featured_media":29801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1145,1478],"class_list":["post-29800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-market-analysis","tag-santiment"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29800"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29800\/revisions"}],"predecessor-version":[{"id":29802,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29800\/revisions\/29802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29801"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}