1 hours ago
DeFi tokens took a heavy hit over the past 3 months, with an average drawdown around 50% and some names like FT down ~75%.
Even larger caps like AAVE, CRV, and WLFI are sitting deep in the red, which shows this was not isolated to smaller plays. TVL only dropped ~7.5% over the same period, so usage held up better than price. That gap usually points to repricing of risk rather than a full exit from the sector.
Feels like leverage and narratives got flushed, while the underlying activity is still there. Markets are forcing a reset on valuations before the next leg.
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〽️ Crypto Pulse 👉 @degendaoinfo #crypto
Even larger caps like AAVE, CRV, and WLFI are sitting deep in the red, which shows this was not isolated to smaller plays. TVL only dropped ~7.5% over the same period, so usage held up better than price. That gap usually points to repricing of risk rather than a full exit from the sector.
Feels like leverage and narratives got flushed, while the underlying activity is still there. Markets are forcing a reset on valuations before the next leg.
_
〽️ Crypto Pulse 👉 @degendaoinfo #crypto
