September 21, 2020, 7:47AM EDT
• 2 min read

DeFi tokens are having a rough month after record performance

Quick Take

  • FTX’s DeFi index has dropped by 44% since Sept 1 and is currently sitting at a 50-day low
  • New useless projects that kept popping up likely exhausted the demand and diluted interest
  • Yields have been collapsing in recent days as market buyers are no longer as willing subsidize rewards

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