In a report Santiment recently released, the crypto market data firm described the crash as a “carnage.” The report says that general trade volumes for DeFi tokens have crashed a cumulative 30%. Some of the tokens most affected are Sushi (SUSHI), Uniswap (UNI), and Yearn Finance (YFI). The three tokens fell 51%, 38%, and 31%, respectively.
Putting a fine print on the issue, the report said:
“It’s the slaughtering of the sacred DeFi cows…The crypto market has been engulfed in a sea of red this week, with most DeFi blue chips recording double digit losses over the past 7 days.”
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