Rumors of DeFi’s demise have been greatly exaggerated: weekly recap By Cointelegraph

Rumors of DeFi’s demise have been greatly exaggerated: weekly recap

Rumors of DeFi’s demise have been greatly exaggerated: weekly recap

DeFi projects have been dominating headlines as of late, and the unexpected departure by a high-profile founder had ripple effects throughout crypto markets. Here are the top stories from the past week:

SUSHI’s parabolic surge upward came to an abrupt halt when the project’s head cashed in all his chips earlier this week, and the resulting selloff knocked the rest of DeFi, ETH and (BTC) down from their perches, some of which were highs for the year.

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