According to data from the cryptocurrency company Messari, 32 tokens fell from 34 DeFi tokens last week, with only two PowerPool (CVP) and SushiSwap (SUSHI) tokens being excluded. Among DeFi tokens, the Curve token dropped 65% per week. The current one has experienced the biggest decline in the market, followed by the Meta token with 58%, the Ren token with 52%, the AirSwap token with 51% and the bZx Network and Wrapped Nexus Mutual tokens with 49% drop, followed by the account. Messari wrote on Twitter:
With a drop of more than 50% for 6 DeFi assets, it was a difficult week for this area. Where is the next destination?
The massive sell-off slowed the rapid growth of DeFi markets in August, with more than 60% of the tokens on the Messari list returning to their previous 30-day price. Curve tokens are in first place with a drop of 58% compared to the previous month, followed by Bancor tokens with 57.8%, Kava with 50% and Meta with 46%. Overall, Atrium Tokens (ETH) were unprofitable last week, with only 14 out of 148 gains, seven of which were Stablecoin. Only two Atrium tokens were able to achieve double-digit interest rates. (ZB and Origintrail each with 15% profit). Less than a third of Atrium tokens retained their 30-day profit. The release of Messari data has been met with mixed reactions on Twitter, with a user named "stackthosesats" responding:
DeFi is falling free. It was just a scam.
Other traders seem to see this current price drop as a golden opportunity to store tokens, so that one of the traders, nicknamed "Ms. Coins »stated:
Now is the time to buy DeFi tokens.