DeFi-tokens have shown steady growth over the past months. During this time, the prices of such assets as yearn.finance (YFI), Compound (COMP), Synthetix (SNX) and Chainlink (LINK) have increased by hundreds and thousands of percent. At the same time, the Ethereum rose from its current year low of about $100 to its August high of $470.
However, September was marked by a correction for most of them. At the same time, the Ethereum fell back to its current levels of about $350.
According to the CoinMetrics analytical company, 72% of the top 250 crypto assets have lost in price over the last week, while their share in the monthly segment is 93%. At the same time, the decline in DeFi-taken is in the range from 15% to 85%. Token bZx Network fell by 85%, Curve - 78%, Swerve - 76%, Ren - 57%, Balancer - 53%, Synthetix - 34%, Aave - 29%.
Looking at the ratio of assets that made new highs and lows, it turns out that the highs and lows were the largest since the market collapsed in March, but still not as depressing as during the "crypto winter" of 2018.
DeFiWorld analysts call for corrections to be considered normal and part of a wider trend. "We are moving in bubbles and four-year cycles. Everyone is thinking about what will happen today, this week or this month. Look at the bigger picture to see where we're really going. The long-term trend is obvious - it's an upward one," they write.