DeFi indexes crash despite strong fundamentals By Cointelegraph

DeFi indexes crash despite strong fundamentals By Cointelegraph


DeFi indexes crash despite strong fundamentals

On August 28, Binance Futures launched its DeFi Composite Index, a basket of DeFi tokens that initially comprised 27% Chainlink (LINK) and 11% Aave (LEND) alongside nine other prominent DeFi tokens that made up between 6% and 9.5% of the index each. Updated weekly, the index now tracks 19 different crypto assets.

However the Binance Futures’ DeFi index has dropped more than 50% from an all-time high of $1,189 on its first day of trading, with the basket now changing hands for just $507.

DeFi Composite Index/USDT: Binance Futures
DPI/USD: CoinGecko

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